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

Benazir Assassinated

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

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

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

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

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

AP: TOP 10 NEWS STORIES '07...

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

Fire out at building next to White House

Kucinich's brother found dead

FBI agent threatened to arrest CIA interrogators in 2002.

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

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

HUCKABEE SLAMS 'ARROGANT' BUSH WHITE HOUSE

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

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

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

WYOMING DEM CHIEF: CLINTON WOULD HURT PARTY...

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

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

Dodd ready to mount filibuster to block telecom immunity

The End of America

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

Lee Hamilton Says the CIA Obstructed the 9/11 Commission

CIA Failed To Fully Inform Congress About Destroyed Tapes CBS News

More Evidence of Obstruction of Justice in 9/11 Investigation

Neocons Revise WMD Entry on Wikipedia Propaganda Portal

Pelosi and Harman Aided and Abetted 9/11 Cover Up

The White House and Congress Knew about the CIA Interrogation Videotapes

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

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

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

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

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

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

Hillary Campaign Tactic Backfires as Top Aide Quits

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

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

Greenspan sees early signs of U.S. stagflation

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

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

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

Egypt Govt Accuses Israel of Meddling in Its Ties With US

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

Russia warns of US missile shield retaliation

PA Economy Worst Affected by Israeli Restrictions: WB

Israeli Airstrikes in Gaza Kill 7

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

History Channel Admits WTC Tower Fell At Freefall Speed

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

Food prices rising at highest rate for 14 years

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

THE HILL: Dems Cave On Spending...

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

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

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

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

Recession in the US 'has arrived': Merrill Lynch

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

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

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

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

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

PAPER: Housing foreclosures largest since Great Depression...

Home Prices Fall for 10th Straight Month

Oil price spikes close to $97...

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

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

NEWS FLASH: Direct from Lost Angeles Learning Annex – Presenting mobster t_rump of new yoke, new joyzey, and now caleefornia mob fame with his continuing message for the past several years: buy real estate (and watch the values go down…..riiiiight!).
Bank sues Trump over Chicago tower loan...
Trump casino to miss interest payment...

(12-31-08)  DOW 8,776 +108 +1% -34% for the year -1% for the fourth week of December  No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,577 +26 +1% -41% for the year -2% for the fourth week of December   No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 903 +13 +1% -39% for the year -2% for the fourth week of December  No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $44.60 (-54% for year) (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.41 DIESEL)/ GOLD $884.30 (+5.58% for year) / SILVER $11.29/ PLATINUM $941.51 / DOLLAR= .70 EURO, 90 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.24% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  YAHOO - BRIEFING.COM Weekly Recap   Absolutely, Absurdly, Ridiculous! High! What are they drinking, smoking, snorting on wall street. Not to worry; they’ll get their commissions again on the way down and maybe stick you with their over-priced dogs as well. Don’t forget their 2008 talk as now for 2009. The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so great opportunity to SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME. News typically bad: Difficulty tracking and monitoring bailout money…Daaaaah! Understated unemployment numbers still at recession/depression levels (4.65 million); retail correction-bankruptcies, closings, fewer stores. Motek’s experts: Peter Shiff says it’s not the disease but the government cure that will kill us, dire forecast for 2009 and beyond-inflation, companies going out of business, commodity prices higher, world’s largest debtor america is bankrupt, more borrowing/spending their failed prescription, bleak picture for dollar the value of which will be halved and high probability that the decline will be 70-90%, gold higher and $2000 gold in not so distant future, oil much higher and $200 oil in next couple of years, stocks will continue to decline, on the long side he favors quality EU, Asia securities and precious metals particularly monetary metals gold, silver. Oil analyst says oil too cheap, geopolitical factors, (israel war mongering, war crimes, etc.; Russia/Ukraine dispute-cut gas supplies affecting Europe), oil to $60-70 rather quickly, gasoline demand anemic but oil price the factor. It’s time for ben stein to resign himself to just a land of fruits and nuts actor/entertainer/speculator as he lambaste Shiff’s prognostication ( he previously had to apologize to Shiff having done wrongly so before-  his criticism of Peter Shiff for warning of this debacle years ago). He throws out a couple of economic terms (demand pull/cost push inflationary terms) to buttress his criticism of Shiff but he’s just out to lunch in citing the absence of demand as militating against Shiff’s inflationary argument since history (and even currently, i.e., zimbabwee) is replete with examples of low demand and or impoverished nations that have over-printed their currencies with hyperinflationary results as will occur in u.s.). Stein should be on the Strip doing stand-up (comedy). He is a joke! Suckers' bear market rally into the close to keep the suckers suckered on NEWS MUCH WORSE THAN ALREADY DISMAL EXPECTATIONS ACROSS THE BOARD: S&P/Case-Shiller Composite Index, October home prices were down 18% year-over-year, the largest drop on record. According to the U.S. Conference Board, consumer confidence dropped more than expected to an all-time low in December AT 38%. Record number of bankruptcies and particulary hard hit commercial sector in coming year, ie., malls, retail, etc.. Worse stock market declines for the year since 1931 (Great Depression) and worse to come in 2009 despite suckers’ bear market rallies to keep you sucked in. Put these wall street frauds in jail and force disgorgement of their fraudulent gains. There are loads of able new grads and job seekers who can take the place of the wall street frauds who caused the crisis owing to their own avarice and continue the coverup to get taxpayer bailout funds. The markets should be efficient and predicated on rational valuation which is totally absent in america’s fraudulent, manipulated markets. Absent prosecution and disgorgement in these ongoing multi-trillion dollar fraud schemes (new ponzi scheme uncovered in addition to madoff, which are tips of the iceberg in thesemulti-trillion dollar frauds), america will not be worth the paper the worthless Weimar dollars and worthless securities denominated in same are printed on.   Non-Motek expert: markets to fall into 2010 or worse case, later. Motek experts: They discuss dismal news, for year DOW-35%, NASDAQ-42%, S&P-40%, $7-10 trillion in wealth destroyed, second-half inflation from printing worthless Weimar dollars/stagflation; another expert, consumer has collapsed, 2009 will be very tough year for autos; a real estate analyst says 2009 will be a very tough year and hopefully we’ll get through this…..riiiiight!…I don’t think so…Almost one in 10 Floridians are on food stamps   Online holiday sales fall 3 percent    Madoff liquidation trustee receives $28M for costs (AP)   Charlotte, NC, home values post record decline (AP)    Wrong Great Depression Lessons Will Haunt Equities in 2009    73,000 retailers to close in first half of 2009, Stocks Rally  Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years   There’s No Pain-Free Cure for Recession/Depression    Schiff: Government Interference Only Makes The Problem Worse Paul Joseph Watson | Establishment talking heads still pushing useless and destructive bailout.   A Ponzi Scheme Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme that has been looted (the iou’s) and is hopelessly insolvent. This on top of previous suckers' bear market rally into the close with 100+ point swing to the upside to keep the suckers suckered. Time for prosecutions of and disgorgement of ill-gotten multi-trillion dollar gains from the frauds on wall street; madoff is just the tip of the iceberg; all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL! Motek experts: At best, bear market rally, his accounts 20-25% cash, can make bearish argument since still looking at writeoffs, government still must sell bonds to help finance bailouts, municipal bonds troublesome as iou’s might extend maturities, don’t try to catch falling knife in this market but some high quality bonds may offer value, dollar to take hit (they’re printing worthless weimar dollars like mad-hyper-inflationary); Oil expert says overshot to downside and will see turn-around in oil; U.N. Security Council condemns massacre by zionist israel. Pros Say: Employment Collapse is Coming    Holiday Sales Slump to Force U.S. Store Closings, Bankruptcies  Manufacturing, Home Prices Sank: U.S. Economy Preview  Holiday Sales Tumble as US Consumers Reduce Luxury Purchases  Bleak economic picture emerges from new data Retail Sales Plummet  Holiday Sales Tumble as US Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds on wall street say they are entitled to the obligatory santa claus rally and attempt to keep you suckered in for their commissions sake with small gains on bull s**t/fraud alone in holiday shortened light trading, but reality says every day the market’s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ, and 500-600 on the S&P is a ‘santa clause rally, so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral short-covering to lock in year-end gains for window dressing and much, much worse to come. Unemployment up more than expected at 26 year high and consumer spending down for fifth month in a row. In their typically corrupt way, scandal-scarred commerce department provides fake data for b.s. talking points far better than private economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise inventory draw, which suggests stronger-than-expected demand for the commodity as Department of Energy reported that oil inventories for the week ending Dec. 19 decreased by 3.10 million barrels. Analyst: One Third Of Banks To Collapse In 2009   U.S. Economy: Home Prices Fall At Depression Pace   Recession/depression deepens, countries boost spending  Previously, just modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come. Existing home sales plunged to a rate of 4.49 million last month, down 8.6 percent from October, and worse than economists predicted. Total sales, not calculated as an annual rate, fell 17 percent in November from a year earlier to 322,000, sales of newly built homes fell 2.9 percent from October to a pace of 407,000 units, the slowest rate in nearly 18 years. Madoff investor found dead of suicide. Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy contracted at an annualized rate of 0.5%, unchanged from the prior reading though personal consumption component was down 3.8%.  Motek’s experts:  actor/speculator/entertainer/sometimes economist Ben Stein takes a page out of GM’s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno ….. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff’s correct prediction of market crash, but does correctly state fed policies hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon and says only 10%, not  25% (as consensus predicts), decline for caleefornia…..riiiiight…..take that to the bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD flips yet again-if only we were all traders…but if you had followed his every whim, only the frauds on wall street would have made out with substantial commissions in the ups/downs. IMF warns of Great Depression   100% chance of depression in US   Depression Hits Detroit: Average home price $18,513 - Unemployment rate 21%   U.S. Home Resales Fall; Prices Drop by Record 13.2%   Congressman: “If We’re Not Very Lucky Or If We Don’t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression”   World faces “total” financial meltdown: Bank of Spain chief  Previous suckers bear market rally into the close with 150 point swing to the upside based on bull s**t and fraud in the inducement alone to keep the suckers sucked in and commission dollars flowing for modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come.  Motek’s experts:Economist says economy in full-out recession, aggregate demand down across the board, abusers are not lubrication for economy so should not get bailout, another 25% down for real estate prices as foreclosures also will continue but lower prices will eventually stimulate demand, fed focused now on long-rates, cites housing/finance/consumer debacles and no recovery till at least into 2010 at best (I don’t think so); oil expert says contract now February delivery on expiration of January contract and flood of selling on expiring contract temporarily depressed prices, oil more expensive in future, discusses boom/bust cycle (we’re in the bust part); another cites high redefault rate on modified mortgages and more foreclosures; auto analyst points to Toyota showing first loss since 1941 inception, global downturn with no nation spared, reckoning for 15-20 years of bad decision-making, 2009 very grim, 2010 at best for even minimal improvement (I don’t think so); Online e-commerce expert cites first flat to down year of online retail sales growth; downgrades GM, american Express, Ford, etc.. World faces “total” financial meltdown: Bank of Spain chief  Housing crisis worsens as economy weakens    Japan recession deepens, China cuts rates    Great Recession/Depression of 2008, et seq., Worse Than All Others  AP Impact: Wall Street still flying corporate jets; indeed, with all the bashing of auto rank and file employee pay, the reality is that american executives, among the least able, least talented in the world, along with fraudulent wall street are grossly overpaid and far exceeding that of their far more able foreign counterparts (AP)   Where'd the bailout money go? Shhhh, it's a secret (AP)   Housing crisis worsens as economy weakens   Ratings Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking Alpha) Previous mixed to modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts. Motek’s analyst/options expert predicts controlled bankruptcy for at least GM (maybe more), cites Fitch downgrade of GM’s credit/default rating and says GM within weeks of default. Oil analyst cites recession, week demand, over-supply also stating storage facilities full and resorting to offshore tankers to store excess oil. Media analyst says economic model for newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression  He Saw the Crash Coming: What Gary Shilling Sees for 2009   Yes, Shilling’s using  the d for depression word so If video unavailable, here for avi rendering  SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING'   Previously, recession/depression level 554,000 new unemployment claims (I’m sure in reality, far worse but still bad) pre-Christmas so wait till the post-Christmas numbers are out – nowhere to hide those but they’ll try. Motek scraping bottom of barrel for second day in a row and comes up with another land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade madeoff with other peoples money, poo-poos the purported amount, says market not doing badly considering the dismal news (at least he is lucid enough to realize dismal - market should be between 2,000 to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but real and probably far worse than reported data) and points to auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on commodities generally, liquidation on expiration of January (2009) oil contracts and liquidation of positions, but February (2009) contracts back to $40+ rather quickly, and points to decreased current and prospective refinery capacity on thin to low margins.  A Most Desperate Move by the Fed    Dollar’s Slump Erases Months Of Solid Gains   “The Biggest Bubble Of All . . . U.S. Government Debt”  Video: Crash Will be Worse than Great Depression   Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit    Fed unleashes greatest bubble of all    Canadian Prime Minister Stephen Harper believes a depression is COMING   Peter Schiff new VIDEO on the Coming Collapse Dec 16    Swiss gold bullion in huge demand as trust in banks dives   Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers.  Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate  Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut    Federal spending soars 25% -- even before bailout...    Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don’t know what they’re doing – remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”,  F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody’s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation  – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   BILLIONS VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   Previous session, modest decline relative to reality so still great opportunity to sell/take profits since much, much worse to come! All news decisively bad and much worse than expected with trade deficit up 1.1%, dollar down, unemployment claims up 573,000 a 26 year high, 28% increase in foreclosures, bailout recipient BofA to cut 35,000 jobs, many other prospective job cuts announced, economic group changes previous forecast to worse/long recession,  Bernard Madoff arrested over alleged $50 billion fraud Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was basically, a giant Ponzi scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000 jobs... ,  ...final could be higher ,  Shocking but true claim: Most big banks 'bankrupt'... ,  New unemployment claims surge unexpectedly   ,  Ron Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain.  ,  US budget deficit to reach USD 1 trillion  ,  Jim Rogers calls most big U.S. banks “bankrupt”  Jim Rogers, one of the world’s most prominent international investors, on Thursday called most of the largest U.S. banks “totally bankrupt,” and said government efforts to fix the sector are wrongheaded. CORRECTED - CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge ,  German FM criticises Britain’s ‘crass Keynesian’ policies: report   and read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come) ,  suckers bear market ralley to keep the suckers sucked in so great opportunity to sell/take profits since much, much worse to come!  This  suckers bear market rally is based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression   (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   Previous, modest decline relative to reality so still great time to sell/take profits since much, much worse to come.  Wall Street stung by risk-aversion and realistically bleak outlooks  , Point of no return: Interest on T-bills hits zero  ,  Tightening Budgets Mean a Rough Ride for IT  ,  FIRST TIME: Treasury Bills Trade at Negative Rates...  .  Previous,  suckers bear market rally based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression   (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   Previous suckers’ bear market rally on far worse than expected and particularly significant bad news provides great opportunity to sell/take profits, especially considering fraudulent wall street’s previous modus operandi to keep suckers sucked into this market and their commission dollars flowing, suckers’ rallies into the close, reassuring rallies prior to weekends as this despite unexpectedly bad news as today, etc., which frauds perpetrated the yet unprosecuted crimes that have created this current financial debacle. Record 1.33 homes in foreclosure,15 year high for unemployment at 6.7% even as many no longer looking with things so depressed and worse to come in ’09, record level deficits both trade and particularly budget with money not there being spent with abandon (worthless Weimar dollars being printed created like mad which is and will continue to be hyperinflationary regardless of the current fake reports). Motek has actor/speculator/entertainer/sometimes economist Ben Stein points to loans in foreclosure hitting new records, paulson misconduct, lack of oversight/accontability in bailout funds, and the seriousness of the crisis, but his pointed barbs seem fleeting and is most memorable by his somewhat blind adherence to policy as indicated by his criticism of Peter Shiff for warning of this debacle years ago. Motek’s oil analyst says economy so bad that oil demand down, significant recession in 2009, and hedge funds liquidating positions putting pressure on oil prices. Finally, Motek elicits from Peter Shiff that jobs created are being destroyed as fast, phony jobs, bear market and government making worse by digging deeper hole, phony (worthless Weimar) dollar rally provides opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  3 Tell Tale Signs Of This Sucker Rally  , Half-million jobs vanish as economy deteriorates (AP)  , Job losses worst since 1974  Employers cut 533K jobs in Nov., most in 34 years   ,  Late mortgage payments and foreclosures hit record  ,  1 in 10 homeowners behind on mortgage payments, or in foreclosure...   ,  Wall St financiers party like there's no tomorrow -- literally  WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It’s been wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Previous session, modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS’ BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com, having predicted the Panic of 2008 now preparing current prognostications for 2009 which will bear the consequential follow-up title to the Panic of 2008; namely, The Collapse of 2009, further stating there’s nothing they’ve done or prospectively can do to avoid the complete economic/financial collapse in the u.s., the seeds for which have already been sown, good money after bad notwithstanding, the die having been cast. All business/financial/economic news decisively bad; 26 year high for jobless rolls, orders to factories down sharply, job cuts current and prospective up sharply. Motek expert comments on auto bailout saying no new concesions with UAW cuts merely cosmetic, just down payment on failed business model/scenario, bankruptcy necessary as costs too high, and on economy says nation to go deeper into recession owing to intactable structural problems; i.e., deficits, etc.. Another Motek expert says very negative economic environment, sees deepening of more prolonged recession, discusses risk tolerance in such an environment recommending highest quality debt instruments but does note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and re-default rates on mortgages rising. Employers shedding jobs as recession deepens , AP IMPACT: Some bailout holdings down $9 billion , Governments brace for long crisis ahead , High inventory is killing home builders; industry asks for help , It's Not a Great Time to Get Into Stocks  , Long Term Investors Should Avoid Leveraged ETFs  , Fixing the Enron Economy  , US FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,  Prepare For Depression Level Unemployment  ,  Record number of Americans using food stamps: report  ,  Whether We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out Of Our Pockets  ,   Corporate Debt Protection Costs Climb Amid Depression Concern  ,  Shoppers ready to call it quits MarketWatch | More than one-third of consumers chose not to shop at all last month, except on Black Friday, according to Britt Beemer of America’s Research Group. Lawsuit claims Citigroup was running a “quasi-Ponzi scheme”  Bloomberg | Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging unmarketable collateralized debt obligations it held and re-selling them to itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously, suckers’ bear market rally into the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:  A Bleak Outlook: Nov. Job Loss at  250,000, Economic Weakness   ,  US, China currency clash over worthless american currency... ,  61% oppose auto bailout   , Meredith Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek)  ,  Desperate Times, Desperate Policies ) . One non-Motek expert says these suckers’ bear market rallies on bad news are at best wishful thinking and not sustainable along with realistically dire outlook. Motek expert says market for speculators/traders and points to volatility index while failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than now (now we see insurmountable trade/budget deficits, lack of manufacturing base, global antipathy, etc.) disavows such heavily promoted failed strategies as dollar-cost averaging where stocks prices remain artificially (now fraudulently) high for far longer periods of time than lower prices (MBA Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie., dollar-cost averaging in declining markets, but only when analysis indicates under-valuation in prospective terms which is certainly isn’t the case now of rampant over-valuation/fraud]. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000  , Auditors Fault Oversight of Bailout Funds... Previous suckers’ bear market rally in the last minutes of the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: GE lowers guidance but maintains dividend ,  November US auto sales drop to 26-year low  , Data signal deep global downturn  Financial Times , US manufacturing hits 26-year low: ISM . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000  , Auditors Fault Oversight of Bailout Funds... , Governors to Seek Up to $100B in Social Aid...  ,
Feds to expand rescue; reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs 'exit strategy'...  ,  Metal prices fall further than during Great Depression...  , they’re printing and spending worthless Weimar dollars and taxpayer funds like mad because they are mad as in crazy, incompetent, etc.. Previous session sees modest drop relative to reality [SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME], particularly when you factor in the reality that the prior 5 day rally of 1,300 points into the last trading week of the month (much like the end of the prior month) based on bull s**t alone was a typical fraudulent wall street programmed trade fraud to window dress the monthly numbers and keep suckers sucked in (and besides, they’ll get their commissions again on the way down). Upon the formal announcement that we’ve been in recession since DECEMBER, 2007 I was waiting for Amy Poehler of SNL Weekend Update to say, “REALLY!” [this site has reported/predicted this (these) debacle (s) for far longer and in advance of same, including this recession/depression]. The protracted reluctance (election year expedience) for some to use the R(ecession) word, spun in the most positive way is to say it is because this scenario is far worse than even would befit the D(epression) word in light of the fact that the u.s. like never before in its relatively short history is broke in every way. If you’ve been suckered, it’s not all your fault inasmuch as the enablers (politicians, economists, financial experts, news/media, etc., in receipt of substantial largesse from and) of these vegetable garden (poison ivy league schools, these “elite” clubs/frats, etc.) products (vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and as in the case of wall street, criminal frauds) are similarly incompetent, corrupt/venal. After all, how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Motek’s expert cites retail liquidation prices (none to minimal profits, at best), inevitable GM bankruptcy, fed programs done with money out the door to little or no effect and now talking new programs…riiiiight…or, with rate at 1%, more rate cuts…riiiiight, big shake-out to come, credit-card co’s to pull back $2 trillion to survive what’s coming, retailers with big real estate exposure bust, and market will test lows then break through said lows to the downside. There was in addition to the ‘recession’ announcement more dismal news with construction down 1.2% and the supply/management manufacturing index at 26 year lows. I derive no pleasure in being a harbinger of bad but true news but reiterate SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THESE ARE STILL GREAT OPPORTUNITIES TO SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 816)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   Dow plunges on news recession began in Dec. 2007 (AP)  , Down we go again: Fourth-worst drop ever for Dow  , Recession declared; Wall Street tanks  , Fourth-worst drop ever for Dow AP… as wall street snapped out of its daydream of a rally and once again faced the harsh reality…  Report Concludes Recession Began A Year Ago | But the White House and the corporate media consistently continued to state otherwise. Previous session, this suckers’ bear market ralley remains an especially great opportunity to sell/take profits while you still can since much, much worse to come (sell into purported strength which is just more bull s**t for prospective churn and earn fraud – they’ll get those commissions again on the way down) IMF economist says worst of crisis to come: paper  'Crisis Only Just Beginning': Crisis/Video  Right About the Crash, Peter Schiff Sees Much More Pain Ahead   and this suckers’ bear market rally was based upon nothing related factually to finance/economics/business. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME.  Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:  SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says worst of crisis to come: paper . Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:  Biggest runnup in stock prices since 1932 and most know what happened to stock prices for over a decade thereafter (and america was not broke in every way as now), Ghost malls cropping up with retail closures/bankruptcies, as predicted by trendsresearch.com [CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.”] , Motek expert from the land of fruits and nuts, the senile wedbush (if you had listened to his prior prognostications/recommendations several months ago said suckers might be wiped out by this day) lauds the bailouts (money u.s. doesn’t really have and taxpayer money the frauds shouldn’t get) and the b.s. talking points thereby but says workout much longer, while retail expert points to liquidation prices (but fails to even mention lack of profits thereby), and poverty now spreading to suburbs. Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim. Citigroup Should Be Held Accountable Bloomberg Food Prices Will Rise, Causing Export Bans, Riots Bloomberg Rubin Clones and Other Fakers: The Obama “Dream Team”  Citigroup says gold could rise above $2,000 next year as world unravels US debt triggered global crisis ‘Encouraged by a wicked wizard, Greenspan, Bernanke toils at his Weimar dollar printing press’ . Consumer spending down (-1%), consumer sentiment down, durable goods orders down (-6%), home sales/prices down to new lows and high supplies, yet suckers’ bear market market rally of 400+ points into the close nostalgically based (which got investors burned in the past) on bull s**t alone (i.e., more bureaucrats on more painels as per President-elect, etc.) and the so-called thanksgiving holiday rally. $600 billion plan to support housing lending ultimately hyperinflationary. New unemployment claims at recession level 529,000 for the week ended Nov. 22 yet unbelievably lower than private economist estimates. October durable goods orders plunged by a larger-than-expected amount, Chicago manufacturing in November contracted the most since 1982 according to a regional survey, and consumer confidence dropped to a 28 year low in November, according to the University of Michigan. One Motek expert in a nearly senile market moment cites pleasant market surprise (reality dictates otherwise) but in a lucid moment concedes lengthy period to work out (substantial) problems, while another expert (currencies) cautions the unintended consequences of  creating/printing/flooding the markets with worthless (Weimar) dollars (a policy choice of inflation over fear of deflation) and the dollar devaluation and ultimately hyperinflationary effects thereof. FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe? (at Seeking Alpha)  ,  Consumers cut spending , Stocks on win streak amid more bad economic news ,  Cisco plans 4-day shutdown to cut costs  , October home sales fall sharply (Reuters) . The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain, will continue to remain, and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO GREAT OPPORTUNITY TO SELL/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Federal deficit could hit $1 trillion this year  ,   FDIC's list of 'problem' banks swells to 171 (AP) , Dollar falls on realistically discouraging u.s. economic data (AP)  , Third quarter real GDP was revised to a 0.5% annual rate of decline from a previously reported 0.3% rate which had rallied stocks and, only in the fraudulent world of wall street, rallied stocks again though worse than expected Economy shrinks at fastest pace in seven years, Third quarter personal consumption expenditures were revised to a worse than expected -3.7% from -3.1%, which rallied stocks ….. riiiiight! ,  Consumer confidence remains at an extremely depressed state despite fake numbers ,The S&P/Case-Shiller Home Price Index of 20 US cities fell 17.4% year over year — most on record.      'Crisis Only Just Beginning': Crisis/Video  Right About the Crash, Peter Schiff Sees More Pain Ahead    Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees Much More Pain Ahead   VIDEO   Previously, from the outset the wall street frauds were again determined to keep the suckers suckered with a near 500 point rally into the close. Existing home sales down 3.1% and much worse than expected. Motek’s expert Peter Shiff correctly points out that the so-called policy-makers, economists, etc., don’t know what they’re doing, that they can’t borrow (or print worthless Weimar dollars) and spend (money they don’t have) their way out of this debacle, that the bailout funds are merely providing undue bonuses/compensation for failed (and fraudulent) performance, that crisis will be exascerbated with (unavoidable) hyperinflation (inevitable thereby owing to crashing/worthless Weimar dollar) and ultimately even deeper/worse/more protracted economic decline, that auto industry is over-paid (especially relative to competition, legacy/pension costs, etc.), and importantly, the government has no money so they either have to borrow or print same which will make the economy much worse. Cost of Bankster Bait and Switch Now $7.4 Trillion  Another expert says quick bankruptcies would have been the preferred course for optimal results, while another emphasizes quite correctly that the so-called experts/team now cheered (wall street frauds’ b.s. talking/rallying point) are those whose experience is having created the very problems they are now called upon to solve (hence, cover-ups, etc., but ineffectual). [Good management dictates that a clean sweep was warranted]. Realize that the products of the vegetable gardens (the poison ivy league schools producing these vegetables) are vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and in the case of wall street, criminal frauds enabled thereby.   Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup Bank “Nationalization” ] over the weekend. Obama’s Economic Foxes To Guard Financial Henhouse Today President elect Obama officially introduces his economic team to the world. What many may fail to recognize however is the fact that those tasked with rescuing the economy are the very people who helped create the financial crisis in the first instance. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says worst of crisis to come: paper . Previous, suckers’ bear market rally was based upon nothing whatsoever relevant to finance/economics/business , yet again the wall street frauds were determined to keep the suckers suckered through the weekend with a near 600 point rally into the close. All news was decisively bad Federal regulators shut 2 California thrifts and though looking for a reason to rally, they found none because there are none HU: World economic situation 'grim'... , based on valuation and prospective substantial deterioration in economic conditions exascerbated by their massive fraud; but the invented reason for the suckers’ rally was the appointment of Geithner, a quintessential bureaucrat ultimately dependant upon other bureaucrats who are dependant upon the very corrupt monied interests/frauds (and their lobbyists) who created (through their crimes) the current financial crisis. Moreover, as head of the N.Y. Fed he is no stranger to cover-ups/bailouts in light of the missing/unaccounted for $4+ TRILLION at the N.Y. Fed $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 852)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000  The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Leading economic indicators fall again a more than expected .8%, new claims for unemployment a high more than expected 542,000 while continuing claims at 4,000,000 a 16 year high and more than expected, Philly Fed Index down to a worse than expected –39. Jobless Claims Hit 16-Year High, Above Forecast   Congress extends jobless benefits; stocks fall 400  World stocks down amid reality of deep recession (AP) CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come.  Previous session, modest losses relative to reality to keep the suckers’ suckered especially in light of grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. Housing starts down a record 38%, building permits down 14.5%, and outlook grim. Motek’s expert discusses 30 reasons for Great Depression 2 by 2011 citing completion of first wave of the meltdown-dot.com bust, second wave-sub-prime debacle, and the on-going climactic financial/economic meltdown pointing to the 42,000 lobbyists, autos, etc., saying they just don’t get it, while another expert analyst says new lows across the board having broken through support levels. Motek’s p.r. expert says auto execs flying to d.c. in private jets to beg for taxpayer money bespeaks their stupidity, and his travel expert discusses the newly value-conscious consumer. Fed sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s. suckers’ bear market rallies based upon nothing at all but reality says with only a point to zero and much worse to come is just plain b**l s**t . Deflation: Here, Now I’ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation. Well, deflation is here.“Slush fund” … “Banana Republic” … “Keystone Kops.” Technical Economic Indicators Worsening Again Deflation: Here, Now I’ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation  Previous suckers’ bear market rally into the close with 300+ point swing to the upside [wall street frauds’ nirvana commissioning a huge decline then a huge incline just a program loop, button push, mouse click away] into the close to keep the suckers suckered as the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Homebuilder reality-based sentiment index plunges to record low  Economy so bad commodity prices plunge along with PPI.  Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 859)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Forecasters: U.S. in at least, unrealistically optimistically, minimum 14 month recession  The Great Depression of the 21st Century: Collapse of the Real Economy   “The Dollar Standard Is Coming To An End”  Financial Crisis Tab Already In The Trillions...   Busted in Washington  Housing starts expected to hit half-century low   Washington is Powerless to Stop the Coming Economic Depression    Whitehead sees slump worse than Depression   Dollar’s Days Numbered, Buy Commodities: Jim Rogers    America’s economic crisis is beyond the reach of traditional solutions   U.S. Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ), (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months ), (Soros says deep recession inevitable, depression likely ), CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. 53,000 layoffs from Citigroup, and many more announced and may more to come from a multitude of companies to yield predicted 8-10% unemployment (conservative-some higher). Motek in a somewhat philosophical mood cites blue chips as cow chips (cow pies, manure, etc.), while his expert joins the metaphysical fray quoting ‘to save man from his folly is to people the world with fools’ and goes on to say everything looking bad, things are not good, how long the deep recession-don’t know, not there yet; while another expert says things have gone from bad to worse.  Indeed, one expert says US To Lose Its ‘AAA’ Rating/face default/bankruptcy,  while Motek’s expert says market poised to test new lows, points to uncertainty regarding bailout equivocation/changes and talks up, in a somewhat borderline senile fashion, some beaten down stocks on theory government will bail them out…riiiiight! Another Motek expert, actor/speculator/economist Ben Stein says hanky panky Paulsen perjured himself before congress and should be prosecuted, points to incompetence regarding bailout saying couldn’t have been handled worse and not mentally up to it.   One Aspect of the Massive (Securities) Fraud/Fraudulent Wealth Transfer is Aptly Described/Illustrated in this Comment, [how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved], Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 852)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   The immortal words of J.P.Morgan remain apposite as ’ it is not so much the return on the money as it is the return of the money’ ,  so sell/take profits while you can and preserve capital. Previously modest losses relative to reality with rally/programmed trades to the upside into the close to finish off substantially lower lows to keep the suckers’ suckered despite grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. America is now a nation of bank holding companies (to take advantage of involuntary taxpayer bailouts), paper hanging wall street frauds (it’s the worthless multiplicity of securitized and heavily commissioned worthless paper that is the problem), and brazened ponzi’s (sic) (more, more, and more funds to keep their commission ball rolling) on wall street; and of course, their marks. Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come.   Previous suckers’ bear market rally/programmed trades to the upside into the close to keep the suckers’ suckered so still great opportunity to sell/take profits while you can since much, much worse to come, as stocks finish only modestly lower relative to reality on grim economic/business news across the board, viz., b.s. talking point gives way to reality that China stimulus plan lessens availability of funds for the purchase of worthless u.s./dollar denominated securities/assets and may even require sale/redemption of same, GM shares hit 62 year low at $3.36 as analyst says said shares will go to - 0- (nil, with Ford’s shares at $1.93), Motek expert points to employment contraction for 15 months in a row and Conference Board Report regarding said job losses; while another emphasizes the futility of the bailouts which are get worse/larger in reference to what he terms slush funds, the bank tax windfall initiated in the dark of night, things will get progressively worse in the upcoming administration, u.s. spending far beyond means, and rapidly depreciating u.s. dollars and assets; DHL ending u.s. ground ops and 9,500 jobs, Security Pacific the 19th u.s. bank failure, etc., Fed's bailout for AIG swells to more than $150B , Fannie posts $29B 3Q loss, $100B may not be enough , Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , bankruptcies, defaults, foreclosures, hyperinflation around corner on worthless Weimar dollars, etc.. Previous session, sell into these suckers’ bear market rallies/strength/take profits while you can as much, much worse to come. Much worse than expected jobs (240,000 lost, unemployment to 6.5%) and auto news (operating earnings losses of $4 billion for GM and $3 billion for Ford for 3rd quarter) rallies stocks (riiiiight!), in a largely forgettable Motek business hour even his oftimes wall street shill expert admitted to his credit that their was absolutely nothing to account for the rise in stock prices this day especially in light of the substantially bad and worse than expected news, says GM has enough cash to last to spring while Ford till summer, and says volatility for rest of the year. Economist says worse to come as very severe recession at least through 2009 and into 2010, and also there’s allusion to yet another taxpayer bailout of auto pension funds and auto co. bankruptcies. The wall street frauds must be prosecuted and disgorgement required. Jobless rate at 14-year high as above expectation losses continue    GM, Ford losses worse than expected, burning cash     Jobless ranks hit 10 million, most in 25 years   Ford announces $129M 3Q loss, burns $7.7B in cash   Jobless rate bolts to 14-year high of 6.5 percent Previous, another modest drop relative to reality [Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 904)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ], downbeat economic data, first-time claims for unemployment at 25 year high and worse to come, abysmal retail sales worst in 3 decades, unit labor costs rose at a higher than expected 3.6% annual rate as the ultimately hyperinflationary effects of printing/creating like mad those worthless Weimar dollars, and weak business prospects, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so still great opportunity to sell/take profits while you can since much, much worse to come.  Previous session sees modest drop relative to reality though record post-election plunge so still great opportunity to sell/take profits while you can since much, much worse to come. All news so bad (reality even worse) that even shill co. ADP can’t hide at least 157,000 lost private sector jobs where deep cuts are necessary, Challenger et als say layoffs will abound with cuts broad and deep, Motek expert says dismal market for at least next several weeks but cautious citing some oil, engineering, utilities, healthcare opportunities with caveat along with some emerging markets, service sector much weaker than expected and planned layoffs highest in three decades. Treasury wants to borrow record $550B... US-led strike kills 36 Afghan civilians U.S. as slowing economy/runaway spending balloons the budget deficit to a record level to Sell $55 Billion in Long-Term Debt Next Week  Previous session, all news decisively bad with dollar down, oil up, factory orders declining 2.5% month-over-month after dropping 4.3% in August, much worse than the 0.8% decline that was expected, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits while you can since much, much worse to come. Previous, ( Worst is yet to come for economy ) as economic/financial news so bad [ ISM index shows biggest downturn in economic activity since 1982, corrupt, scandal-scarred commerce department comes in with 40% better than expected false construction numbers though still down a hefty .3%, 90% of private economists say we’re in a recession and we’ll see much more lagging effect to the downside, realization that bad economic conditions going forward not frozen credit affecting lending despite their lies/fraud to buttress their fleecing of the treasury, Motek expert says another washout coming and we’ve not heard the last of those, ie., banks, companies, brokerages, etc., under the waves] , that lunatic frauds on wall street develop new b.s. talking point to keep suckers sucked in to this market so the wall street frauds can keep eating away at suckers’ money by commissioning same, the new talking point being ‘the election’. What total b**l s**t! They’re just a bunch of criminally insane vegetables who can’t do anything that they’re supposed to do well, ie, economics, finance, accounting, etc., and are hoping to escape accountability for their crimes. They must be prosecuted and disgorgement required because 1) It’s the law and to create a deterrent prospectively 2) Restore credibility and confidence in prosecutorial, regulatory, government/governmental bodies as opposed to their being accomplices, and the markets (which are just that; marketplaces, like fish markets, commodity markets, flea markets, etc., no big deal, particularly as the frauds operate them)  3) It’s the right thing to do because of the magnitude of the fraud (in the hundreds of trillions by some educated assessments) in the many trillions and the fraud on taxpayers (who have been damaged by their fraud and) by bailouts that are finding their way into compensation/bonus packages for the perpetrators   . Previous session, suckers’ bear market rally for window dressing for dismal month and quarter to keep the suckers suckered in this secular bear market. Are you a sucker? One in five homeowners owe more than homes are worth, more unemployment to come, many more defaults personal/commercial, many trillions of previously commissioned worthless paper still carried/not written down, etc.. One of Motek’s experts, to his credit, points to reality in saying retreat to cash (take profits) in rallies as these (rallies on bad news), record declines in spending, economy has lots of negatives, insurance companies have lots of negatives, hedge funds liquidating, and importantly, 60% of trades computerized so great for generating commissions but bad for real value (as this week) and very volatile; while another expert echoes bear case as spending down across the board; while another empahasizes bad month on top of bad month for autos;  while another says 2008 behind only 1929 and 1987 for bad; and another says no more room for rate cuts, more regulation, mortgage rates up; and finally, political and economic uncertainty cited. In sum, u.s. stocks over-priced and dollar will drop like a stone (excessive printing/creating/debt), Stocks: A Bear Case   so sell into rallies/strength/take profits while you can as much, much worse to come. Don’t forget, THEY NEED YOUR MONEY TO COMMISSION and the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution . Despite another big advance on Friday, paper losses in the U.S. stock market came to $2.5 trillion for the month, according to the Dow Jones Wilshire 5000 Composite Index, which represents nearly all stocks traded in the United States. The 17.7 percent decline was the worst since the 23 percent drop in October 1987 and 1929. Previous day, suckers’ bear market rally on bad news. U.S. Economy: GDP Shrinks (even with fake better than expected GDP numbers from corrupt commerce department) at Fastest Pace Since 2001 The government falsely reported Thursday that the economy shrank only 0.3 percent in the July-September period, still a significant slowdown after growth of 2.8 percent in the prior quarter in the summer, sending the strongest signal yet that a deep recession has already begun. Consumer spending, which accounts for two-thirds of the economy, dropped by the largest amount in 28 years in the third quarter. One expert says multiple levels of things going wrong in u.s. recession, ie., consumer spending down and declining, housing recession, fraudulently worthless investments, worthless Weimar dollars that are being printed/created like mad, etc.. Another expert says fake GDP number in 3rd quarter does not capture slowdown which will be reflected in 4th quarter with minimum 2-4% decline. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come. Previous session, government (fake) numbers on durables (130% better than private estimates…I don’t think so!) and prospectively dollar-crushing 50 basis point rate cut  (discounted b.s. talking point many times over by market in prior sucker session), 2.7% drop in the dollar, fed heads said the pace of economic activity has "markedly" slowed as consumer expenditures declined, while inflation pressures are expected (despite worthlessness of the Weimar dollar) to (temporarily) moderate due to the (temporary election year) drop in commodity prices and weaker economic prospects, so still great opportunity to sell into rallies/strength/take profits while you still can (like now) since much, much worse to come as all problems remain. Previous session, all news decisively bad with consumer sentiment far below expected 52% but realistically at 38%, personal bankruptcies/business bankruptcies up sharply (Euler Hermes ACI: Substantial Increase In Business Bankruptcies and worse in 2009 ... , Personal Bankruptcies Increase and 2009 expected to be worse ), Office Vacancy Rates Nationwide Keep Climbing; 2009 will be worse ... , US consumer debt reaches record levels , U.S. budget deficit swells to record $455 billion | Reuters , White House projects record deficit for 2009 - CNN.com , dollar down and dying, record trade deficits, (Lost growth is cumulative. Thanks to the record trade deficits accumulated over the last 10 years, the U.S. economy is about $1.5 trillion smaller.  This comes to about $10000 per worker. The damage grows larger each month, as the Bush Administration and Democratic Congress dally and ignore the corrosive consequences of the trade deficit), war crimes/profiteering and global disdain for america and all things american and preposterously based on b.s. alone ie., dollar negative talking point of interest rate decrease (hyperinflationary as will be seen post-election), etc., suckers’ bear market rally on decidedly bad news, none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience), lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution,  so sell into rallies/strength/take profits while you can since much, much worse to come.

THE DOW JUMPS 900 POINTS. SO WHAT? BY MORGAN HOUSE

October 28, 2008  Only in today's market can the Dow have one of its biggest gains ever, on a day when consumer confidence logged its worst readings since it's been followed. After the Dow's nearly 900-point rally today, on what seemed like nothing but loads of bad news, you're right to stand back and wonder what in the world to make of this absurd volatility -- and more importantly, how to invest around it.The short, easy, and honest answer is that this volatility is spectacularly unreasonable, and you're foolhardy to try such an approach. Think about it: Only a few weeks ago, the Dow soared an equally impressive amount -- 936 points -- sending a wave of euphoria over markets, as if our troubles were behind us. Within days ... poof! The gains were gone. There's little reason to jump for joy over today's gain, either. Call me a party pooper, but the bad news in the economy hasn't disappeared, my friends…

 Reality from Farrell: Bottom line: You've been scammed: This is total incompetence, … unethical and criminal. If you put your hard-earned $12,000 under the mattress for the last decade, it would have been worth more than the $11,671 accumulated in a mutual fund. But actually it's far, far worse! Now if you also deduct the fund's 5.75% load (and/or commissions) and inflation of more than 30% the past decade, you see the stock market's a real loser. In short, after 10 years of blindly trusting the Wall Street's advice about stocks, it turns out that investing in the stock market is not a money-making machine, but a big fat greedy black hole that gobbles up your money.   ECONOMICS GURU: WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC...  More from Grantham: S&P to 585. He called the bubble, how could anyone doubt his valuation (although even lower is more realistic)?  Jeremy Grantham … (some) benefits to the crisis, including increasing personal savings, an end to the hedge fund era, a reminder that government officials are not to be trusted, …among others…Grantham posits… 585 on the S&P 500 (versus today's 877). Frank Motek (back from vacation to save his business hour … none too soon since his program suffered mightily in his absence) experts say: lack of liquidity, new homes and home prices downward trend to continue, expect revisions; another says other nations loaned to u.s. and getting burned, spending in Europe more difficult to ramp up, $2 TRILLION more debt, fed buying u.s. debt which is hyperinflationary, consumer maxed out, grim outlook; another, a wall street shill points to better than expected new home sales [from scandal scarred/corrupt commerce department…riiiiight …(Home sales rise according to discredited commerce department relative to revised downward prior months sales (riiiiiight…that’s the way to work the statistics…at least the prior months fake stats can still be good for something) but prices sharply fall)] but to his credit does say there are a pile of concerns including liquidation of positions, ‘n carry trades’ (sic), yen/dollar disparity; r.e. analyst says median price for homes still heading down and another says new home sales this month not sustainable, foreclosures high even with freeze; oil analyst says oil demand in China down, impacting price; finally, another analyst says temporary dollar spike because of unwinding of leveraged trades (in dollars), commodities/assets/metals decline as investors/traders/holders sell off assets (cover margin calls, redemptions, etc.), u.s. stocks still over-priced and dollar will drop like a stone (excessive printing/creating/debt), Stocks: A Bear Case   so sell into rallies/strength/take profits while you can as much, much worse to come. Previous session: you know the worst is yet to come when the so-called wizards of fraudulent wall street laud the day’s 5-9% decline as a pyrrhic victory (coulda been worse…..riiiiight!) that is neither victory nor the end of the downward adjustment to reality and the scope of their fraud, indeed one expert now points to the realization that america  has become the exporter of economic weakness/fraud as hedge funds, etc., continue to liquidate positions/assets (margin calls, redemptions, etc.) , sell into rallies/strength/take profits while you can as much worse to come.  Markets Nosedive on Grim Economic News , World markets sink as recession realities spread , 79th anniversary of 1929 Wall Street Crash...  ,  previous day suckers’ bear market rally/400 point swing/programmed trades to the upside into the close on decidedly bad news …I don’t think so!… sell into rallies/strength/take profits while you can since much, much worse to come  Economist Roubini Predicts Hedge Fund Failures, Panic, Closed Markets  ,   Job losses accelerating, and the worst is ahead  , Banks borrow record amount from Fed...  , on top of previous day’s near 200 point swing to the upside into the close to keep the suckers suckered as ‘experts’ say: earnings 11% below expectations, business bad and getting worse, recession, substantial job cuts, big problems in Europe including writedowns of u.s. originated worthless fraudulent paper / another says realization source of the now global problems is u.s., fed throwing money at problems (wall street frauds) but not making it to the economy, not enough money to cover the negative (fraud) and need for flush out and adjustment of inflatede/bubble/illusory values, and another says reality implies 25% decline which is worst since 1937, sell into rallies/strength/take profits while you can since much, much worse to come  Recession Will Last At Least Two Years: Roubini   ,  Recession Now: It's Deep and It's Going to Last a Long Time, Sonders Says    ; previous day modest losses relative to reality as only 15% of americans believe the nation is going in the right direction (what dummies!) which is slightly more than congress’ approval rate and just slightly less than bushes’ approval rate, More banks may fail, IMF warns  ,  Weak profit picture and weak/declining economy worries and fear of being held criminally accountable for their fraud hurt Wall Street  , sell into rallies/strength/take profits while you can since much, much worse to come , previous day’s suckers’ bear market rally on bad or false news as ie., leading economic indicators up though all economists expected down since major components thereof (stock prices, manufacturing/industrial indices, employment, etc.) all down, economy so bad they’re going to print more worthless hyperinflationary Weimar dollars (that they don’t really have), gave another $12 billion to AIG on top of the other billions of taxpayer funds, yet none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come , The Crumbling U.S. Economy, Worse is Yet to Come  ,  Worst slump since Great Depression   ,   Rapid Downward Revisions in Expected Economic Growth  , and all this b.s. despite reality on top of previous session suckers’ 500 point swing/programmed trades to the upside into the close to close modestly lower on much worse than expected news on top of previous suckers’ bear market rally/800 point swing/programmed trades to the upside into the close on decidedly bad news …I don’t think so!

The average investment-grade industrial company bond is yielding 4.95 percentage points over Treasuries with comparable maturities, Moody's says. That's about the long-term average for much riskier junk bonds. "It's the widest level since 1932-1933," says John Lonski, Moody's chief economist. That was during the, ahem, Great Depression.

There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500.

Searching for Mr. Goodlow  [ While you certainly want to buy low (and sell high), in light of the crushing debt, deficits both budgetary/trade, global antipathy because of war crimes/profiteering, transfer of manufacturing base, and greedy frauds on wall street, corruption at all levels, etc., this time is like no other for america in the most negative sense, particularly since the average multiples for S&P for the past 5 years were based upon a huge fraud bubble and hardly a benchmark/guideline. The saying/axiom of J.P.Morgan remains apposite as ’ it is not so much the return on the money as it is the return of the money’. ]

Building starts/permits and new home sales down 8.3% and 6.3% to worst levels in 17 years, drop in consumer sentiment highest ever recorded so great opportunity to sell/take profits while you still can since smart money (and reality) say trend is much lower Billion-Dollar Fund Manager, Dow To Sink To 5,000  ,  Roubini: Dow 7,000 Likely 'Sometime Next Year'   , Dow Jones Bloodbath Mirroring 1929 Rout  Bottom should be around 27 per cent below “bailout bounce” according to analyst , since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come, (they’re so desperate for b.s./fraudulent talking points/sizzle to sell that the rumor (Microsoft to buy/destroy Yahoo) sparks rally though denied by both companies, spin lower prices as positive when reality is that economic conditions/prospects so bad that demand has precipitously fallen, Philly fed Index down sharply indicating contraction, Real Estate/Builders’ Index lowest/Worst reading since inception, lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution, volatility index at new record, previous session reality trumps the new fraud as markets can’t hide from the plethora of bad economic news albeit sugar-coated for election year purposes as retail sales down 1.2% for month and as well, year-over-year and in all regions, beige book says economic activity down in all regions  Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000    sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you’re screwed, one expert described the bailout as money down a black hole  Total Bailout Cost Heads Towards $5 TRILLION   , shreve of investors’ (shouldn’t that be traders’) business daily said became negative on market in August and all cash in September [but previously, 6-3-08, SHREVE OF INVESTORS BUSINESS DAILY NOW NEGATIVE ON MARKET (YA THINK), WAS BULLISH JUST RECENTLY ENOUGH FOR BULL TRAP (OR JUST PLAIN BULL CRAP) AND CITES HEDGE FUND SPECULATORS, SUPPLY/DAMAND FACTORS (OIL RISE, ETC), LEADERSHIP TURNED NEGATIVE WHICH FED MINUTES CONFIRMED, implying that somewhere in between he was positive ] but to his credit states we’re in a recession…some quarters of negative growth/contraction ahead…takes considerable time for fed steps/missteps to take effect…and 7-8% unemployment, while fed governor janet yellen says we’re in a recession…daaah!, while another cites consensus that the financial crisis won’t be over anytime soon   US confronts reality of long, deep recession/depression  ,
   The global economy is going through a "profound shift" as it deals with the unwinding of debt leverage, which Todd Harrison, CEO of Minyanville.com calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and hedge funds were all made bigger because of the unfettered use of leverage. The unwinding process is going to result in a "prolonged period of socioeconomic malaise," he says, predicting unemployment will rise will into double-digits before the cycle turns.
  The most recent batch of economic data certain support a grim outlook:

·         Industrial production plunged 2.8% in September, the biggest drop since September 1974.

·         The Philadelphia Fed's manufacturing index slumped to its lowest level since October 1990.

·         The National Association of Home Builders' housing market index hit a record low.

·         The Fed's October Beige Book showed across-the-board weakening of activity in all 12 reporting districts.

·         September retail sales fell 1.2%, the biggest drop since Aug. 2005.

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

(12-30-08)  DOW 8,668.39 +184.46 +2% -1% for the fourth week of December  No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,550.70 +40.38 +2% -2% for the fourth week of December   No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 890.64 +21.22 +2% -2% for the fourth week of December  No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $39.03 (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.41 DIESEL)/ GOLD $870.30 / SILVER $10.98/ PLATINUM $909.90 / DOLLAR= .70 EURO, 90 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.05% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  YAHOO - BRIEFING.COM Weekly Recap   Absolutely, Absurdly, Ridiculous! Suckers' bear market rally into the close to keep the suckers suckered on NEWS MUCH WORSE THAN ALREADY DISMAL EXPECTATIONS ACROSS THE BOARD: S&P/Case-Shiller Composite Index, October home prices were down 18% year-over-year, the largest drop on record. According to the U.S. Conference Board, consumer confidence dropped more than expected to an all-time low in December AT 38%. Record number of bankruptcies and particulary hard hit commercial sector in coming year, ie., malls, retail, etc.. Worse stock market declines for the year since 1931 (Great Depression) and worse to come in 2009 despite suckers’ bear market rallies to keep you sucked in. Put these wall street frauds in jail and force disgorgement of their fraudulent gains. There are loads of able new grads and job seekers who can take the place of the wall street frauds who caused the crisis owing to their own avarice and continue the coverup to get taxpayer bailout funds. The markets should be efficient and predicated on rational valuation which is totally absent in america’s fraudulent, manipulated markets. Absent prosecution and disgorgement in these ongoing multi-trillion dollar fraud schemes (new ponzi scheme uncovered in addition to madoff, which are tips of the multrillion dollar frauds), america will not be worth the paper the worthless Weimar dollars and worthless securities denominated in same are printed on.  Non-Motek expert: markets to fall into 2010 or worse case, later. Motek experts: They discuss dismal news, for year DOW-35%, NASDAQ-42%, S&P-40%, $7-10 trillion in wealth destroyed, second-half inflation from printing worthless Weimar dollars/stagflation; another expert, consumer has collapsed, 2009 will be very tough year for autos; a real estate analyst says 2009 will be a very tough year and hopefully we’ll get through this…..riiiiight!…I don’t think so…Almost one in 10 Floridians are on food stamps   Online holiday sales fall 3 percent    Madoff liquidation trustee receives $28M for costs (AP)   Charlotte, NC, home values post record decline (AP)    Wrong Great Depression Lessons Will Haunt Equities in 2009    73,000 retailers to close in first half of 2009, Stocks Rally  Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years   There’s No Pain-Free Cure for Recession/Depression    Schiff: Government Interference Only Makes The Problem Worse Paul Joseph Watson | Establishment talking heads still pushing useless and destructive bailout.   A Ponzi Scheme Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme that has been looted (the iou’s) and is hopelessly insolvent. This on top of previous suckers' bear market rally into the close with 100+ point swing to the upside to keep the suckers suckered. Time for prosecutions of and disgorgement of ill-gotten multi-trillion dollar gains from the frauds on wall street; madoff is just the tip of the iceberg; all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL! Motek experts: At best, bear market rally, his accounts 20-25% cash, can make bearish argument since still looking at writeoffs, government still must sell bonds to help finance bailouts, municipal bonds troublesome as iou’s might extend maturities, don’t try to catch falling knife in this market but some high quality bonds may offer value, dollar to take hit (they’re printing worthless weimar dollars like mad-hyper-inflationary); Oil expert says overshot to downside and will see turn-around in oil; U.N. Security Council condemns massacre by zionist israel. Pros Say: Employment Collapse is Coming    Holiday Sales Slump to Force U.S. Store Closings, Bankruptcies  Manufacturing, Home Prices Sank: U.S. Economy Preview  Holiday Sales Tumble as US Consumers Reduce Luxury Purchases  Bleak economic picture emerges from new data Retail Sales Plummet  Holiday Sales Tumble as US Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds on wall street say they are entitled to the obligatory santa claus rally and attempt to keep you suckered in for their commissions sake with small gains on bull s**t/fraud alone in holiday shortened light trading, but reality says every day the market’s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ, and 500-600 on the S&P is a ‘santa clause rally, so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral short-covering to lock in year-end gains for window dressing and much, much worse to come. Unemployment up more than expected at 26 year high and consumer spending down for fifth month in a row. In their typically corrupt way, scandal-scarred commerce department provides fake data for b.s. talking points far better than private economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise inventory draw, which suggests stronger-than-expected demand for the commodity as Department of Energy reported that oil inventories for the week ending Dec. 19 decreased by 3.10 million barrels. Analyst: One Third Of Banks To Collapse In 2009   U.S. Economy: Home Prices Fall At Depression Pace   Recession/depression deepens, countries boost spending  Previously, just modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come. Existing home sales plunged to a rate of 4.49 million last month, down 8.6 percent from October, and worse than economists predicted. Total sales, not calculated as an annual rate, fell 17 percent in November from a year earlier to 322,000, sales of newly built homes fell 2.9 percent from October to a pace of 407,000 units, the slowest rate in nearly 18 years. Madoff investor found dead of suicide. Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy contracted at an annualized rate of 0.5%, unchanged from the prior reading though personal consumption component was down 3.8%.  Motek’s experts:  actor/speculator/entertainer/sometimes economist Ben Stein takes a page out of GM’s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno ….. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff’s correct prediction of market crash, but does correctly state fed policies hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon and says only 10%, not  25% (as consensus predicts), decline for caleefornia…..riiiiight…..take that to the bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD flips yet again-if only we were all traders…but if you had followed his every whim, only the frauds on wall street would have made out with substantial commissions in the ups/downs. IMF warns of Great Depression   100% chance of depression in US   Depression Hits Detroit: Average home price $18,513 - Unemployment rate 21%   U.S. Home Resales Fall; Prices Drop by Record 13.2%   Congressman: “If We’re Not Very Lucky Or If We Don’t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression”   World faces “total” financial meltdown: Bank of Spain chief  Previous suckers bear market rally into the close with 150 point swing to the upside based on bull s**t and fraud in the inducement alone to keep the suckers sucked in and commission dollars flowing for modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come.  Motek’s experts:Economist says economy in full-out recession, aggregate demand down across the board, abusers are not lubrication for economy so should not get bailout, another 25% down for real estate prices as foreclosures also will continue but lower prices will eventually stimulate demand, fed focused now on long-rates, cites housing/finance/consumer debacles and no recovery till at least into 2010 at best (I don’t think so); oil expert says contract now February delivery on expiration of January contract and flood of selling on expiring contract temporarily depressed prices, oil more expensive in future, discusses boom/bust cycle (we’re in the bust part); another cites high redefault rate on modified mortgages and more foreclosures; auto analyst points to Toyota showing first loss since 1941 inception, global downturn with no nation spared, reckoning for 15-20 years of bad decision-making, 2009 very grim, 2010 at best for even minimal improvement (I don’t think so); Online e-commerce expert cites first flat to down year of online retail sales growth; downgrades GM, american Express, Ford, etc.. World faces “total” financial meltdown: Bank of Spain chief  Housing crisis worsens as economy weakens    Japan recession deepens, China cuts rates    Great Recession/Depression of 2008, et seq., Worse Than All Others  AP Impact: Wall Street still flying corporate jets; indeed, with all the bashing of auto rank and file employee pay, the reality is that american executives, among the least able, least talented in the world, along with fraudulent wall street are grossly overpaid and far exceeding that of their far more able foreign counterparts (AP)   Where'd the bailout money go? Shhhh, it's a secret (AP)   Housing crisis worsens as economy weakens   Ratings Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking Alpha) Previous mixed to modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts. Motek’s analyst/options expert predicts controlled bankruptcy for at least GM (maybe more), cites Fitch downgrade of GM’s credit/default rating and says GM within weeks of default. Oil analyst cites recession, week demand, over-supply also stating storage facilities full and resorting to offshore tankers to store excess oil. Media analyst says economic model for newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression  He Saw the Crash Coming: What Gary Shilling Sees for 2009   Yes, Shilling’s using  the d for depression word so If video unavailable, here for avi rendering  SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING'   Previously, recession/depression level 554,000 new unemployment claims (I’m sure in reality, far worse but still bad) pre-Christmas so wait till the post-Christmas numbers are out – nowhere to hide those but they’ll try. Motek scraping bottom of barrel for second day in a row and comes up with another land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade madeoff with other peoples money, poo-poos the purported amount, says market not doing badly considering the dismal news (at least he is lucid enough to realize dismal - market should be between 2,000 to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but real and probably far worse than reported data) and points to auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on commodities generally, liquidation on expiration of January (2009) oil contracts and liquidation of positions, but February (2009) contracts back to $40+ rather quickly, and points to decreased current and prospective refinery capacity on thin to low margins.  A Most Desperate Move by the Fed    Dollar’s Slump Erases Months Of Solid Gains   “The Biggest Bubble Of All . . . U.S. Government Debt”  Video: Crash Will be Worse than Great Depression   Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit    Fed unleashes greatest bubble of all    Canadian Prime Minister Stephen Harper believes a depression is COMING   Peter Schiff new VIDEO on the Coming Collapse Dec 16    Swiss gold bullion in huge demand as trust in banks dives   Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers.  Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate  Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut    Federal spending soars 25% -- even before bailout...    Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don’t know what they’re doing – remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”,  F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody’s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation  – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(12-29-08)  DOW 8,483.93 -31.62 -0.37% -1% for the fourth week of December  No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,510.32 -19.92 -1.30% -2% for the fourth week of December   No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 869.42            -3.38 -0.39% -2% for the fourth week of December  No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $40.02 (RECORD TRADING HIGH $147.27) GAS $1.66 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.58 DIESEL)/ GOLD $875.30 / SILVER $10.81/ PLATINUM $917.90 / DOLLAR= .71 EURO, 90 YEN, .68 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.11% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  YAHOO - BRIEFING.COM Weekly Recap   Absolutely, Absurdly, Ridiculous!  Suckers' bear market rally into the close with 100+ point swing to the upside to keep the suckers suckered. Time for prosecutions of and disgorgement of ill-gotten multi-trillion dollar gains from the frauds on wall street; madoff is just the tip of the iceberg; all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL! Motek experts: At best, bear market rally, his accounts 20-25% cash, can make bearish argument since still looking at writeoffs, government still must sell bonds to help finance bailouts, municipal bonds troublesome as iou’s might extend maturities, don’t try to catch falling knife in this market but some high quality bonds may offer value, dollar to take hit (they’re printing worthless weimar dollars like mad-hyper-inflationary); Oil expert says overshot to downside and will see turn-around in oil; U.N. Security Council condemns massacre by zionist israel. Pros Say: Employment Collapse is Coming    Holiday Sales Slump to Force U.S. Store Closings, Bankruptcies  Manufacturing, Home Prices Sank: U.S. Economy Preview  Holiday Sales Tumble as US Consumers Reduce Luxury Purchases  Bleak economic picture emerges from new data Retail Sales Plummet  Holiday Sales Tumble as US Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds on wall street say they are entitled to the obligatory santa claus rally and attempt to keep you suckered in for their commissions sake with small gains on bull s**t/fraud alone in holiday shortened light trading, but reality says every day the market’s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ, and 500-600 on the S&P is a ‘santa clause rally, so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral short-covering to lock in year-end gains for window dressing and much, much worse to come. Unemployment up more than expected at 26 year high and consumer spending down for fifth month in a row. In their typically corrupt way, scandal-scarred commerce department provides fake data for b.s. talking points far better than private economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise inventory draw, which suggests stronger-than-expected demand for the commodity as Department of Energy reported that oil inventories for the week ending Dec. 19 decreased by 3.10 million barrels. Analyst: One Third Of Banks To Collapse In 2009   U.S. Economy: Home Prices Fall At Depression Pace   Recession/depression deepens, countries boost spending  Previously, just modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come. Existing home sales plunged to a rate of 4.49 million last month, down 8.6 percent from October, and worse than economists predicted. Total sales, not calculated as an annual rate, fell 17 percent in November from a year earlier to 322,000, sales of newly built homes fell 2.9 percent from October to a pace of 407,000 units, the slowest rate in nearly 18 years. Madoff investor found dead of suicide. Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy contracted at an annualized rate of 0.5%, unchanged from the prior reading though personal consumption component was down 3.8%.  Motek’s experts:  actor/speculator/entertainer/sometimes economist Ben Stein takes a page out of GM’s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno ….. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff’s correct prediction of market crash, but does correctly state fed policies hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon and says only 10%, not  25% (as consensus predicts), decline for caleefornia…..riiiiight…..take that to the bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD flips yet again-if only we were all traders…but if you had followed his every whim, only the frauds on wall street would have made out with substantial commissions in the ups/downs. IMF warns of Great Depression   100% chance of depression in US   Depression Hits Detroit: Average home price $18,513 - Unemployment rate 21%   U.S. Home Resales Fall; Prices Drop by Record 13.2%   Congressman: “If We’re Not Very Lucky Or If We Don’t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression”   World faces “total” financial meltdown: Bank of Spain chief  Previous suckers bear market rally into the close with 150 point swing to the upside based on bull s**t and fraud in the inducement alone to keep the suckers sucked in and commission dollars flowing for modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come.  Motek’s experts:Economist says economy in full-out recession, aggregate demand down across the board, abusers are not lubrication for economy so should not get bailout, another 25% down for real estate prices as foreclosures also will continue but lower prices will eventually stimulate demand, fed focused now on long-rates, cites housing/finance/consumer debacles and no recovery till at least into 2010 at best (I don’t think so); oil expert says contract now February delivery on expiration of January contract and flood of selling on expiring contract temporarily depressed prices, oil more expensive in future, discusses boom/bust cycle (we’re in the bust part); another cites high redefault rate on modified mortgages and more foreclosures; auto analyst points to Toyota showing first loss since 1941 inception, global downturn with no nation spared, reckoning for 15-20 years of bad decision-making, 2009 very grim, 2010 at best for even minimal improvement (I don’t think so); Online e-commerce expert cites first flat to down year of online retail sales growth; downgrades GM, american Express, Ford, etc.. World faces “total” financial meltdown: Bank of Spain chief  Housing crisis worsens as economy weakens    Japan recession deepens, China cuts rates    Great Recession/Depression of 2008, et seq., Worse Than All Others  AP Impact: Wall Street still flying corporate jets; indeed, with all the bashing of auto rank and file employee pay, the reality is that american executives, among the least able, least talented in the world, along with fraudulent wall street are grossly overpaid and far exceeding that of their far more able foreign counterparts (AP)   Where'd the bailout money go? Shhhh, it's a secret (AP)   Housing crisis worsens as economy weakens   Ratings Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking Alpha) Previous mixed to modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts. Motek’s analyst/options expert predicts controlled bankruptcy for at least GM (maybe more), cites Fitch downgrade of GM’s credit/default rating and says GM within weeks of default. Oil analyst cites recession, week demand, over-supply also stating storage facilities full and resorting to offshore tankers to store excess oil. Media analyst says economic model for newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression  He Saw the Crash Coming: What Gary Shilling Sees for 2009   Yes, Shilling’s using  the d for depression word so If video unavailable, here for avi rendering  SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING'   Previously, recession/depression level 554,000 new unemployment claims (I’m sure in reality, far worse but still bad) pre-Christmas so wait till the post-Christmas numbers are out – nowhere to hide those but they’ll try. Motek scraping bottom of barrel for second day in a row and comes up with another land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade madeoff with other peoples money, poo-poos the purported amount, says market not doing badly considering the dismal news (at least he is lucid enough to realize dismal - market should be between 2,000 to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but real and probably far worse than reported data) and points to auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on commodities generally, liquidation on expiration of January (2009) oil contracts and liquidation of positions, but February (2009) contracts back to $40+ rather quickly, and points to decreased current and prospective refinery capacity on thin to low margins.  A Most Desperate Move by the Fed    Dollar’s Slump Erases Months Of Solid Gains   “The Biggest Bubble Of All . . . U.S. Government Debt”  Video: Crash Will be Worse than Great Depression   Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit    Fed unleashes greatest bubble of all    Canadian Prime Minister Stephen Harper believes a depression is COMING   Peter Schiff new VIDEO on the Coming Collapse Dec 16    Swiss gold bullion in huge demand as trust in banks dives   Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers.  Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate  Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut    Federal spending soars 25% -- even before bailout...    Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don’t know what they’re doing – remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”,  F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody’s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation  – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(12-26-08)  DOW 8,515.55+47.07+0.56% -1% for the fourth week of December  No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,530.24+5.34+0.33% -2% for the fourth week of December   No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 872.80+4.65+0.68% -2% for the fourth week of December  No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $37.88 (RECORD TRADING HIGH $147.27) GAS $1.66 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.58 DIESEL)/ GOLD $838 / SILVER $10.35/ PLATINUM $848 / DOLLAR= .71 EURO, 90 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.22% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  YAHOO - BRIEFING.COM Weekly Recap   Absolutely, Absurdly, Ridiculous! Time for prosecutions of and disgorgement of ill-gotten multi-trillion dollar gains from the frauds on wall street; madoff is just the tip of the iceberg; all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts so SELL INTO STRENGTH/TAKE PROFITS/SELL!  Holiday Sales Tumble as US Consumers Reduce Luxury Purchases  Bleak economic picture emerges from new data Retail Sales Plummet  Holiday Sales Tumble as US Consumers Reduce Luxury Purchases Bleak economic picture emerges from new data The frauds on wall street say they are entitled to the obligatory santa claus rally and attempt to keep you suckered in for their commissions sake with small gains on bull s**t/fraud alone in holiday shortened light trading, but reality says every day the market’s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ, and 500-600 on the S&P is a ‘santa clause rally, so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral short-covering to lock in year-end gains for window dressing and much, much worse to come. Unemployment up more than expected at 26 year high and consumer spending down for fifth month in a row. In their typically corrupt way, scandal-scarred commerce department provides fake data for b.s. talking points far better than private economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise inventory draw, which suggests stronger-than-expected demand for the commodity as Department of Energy reported that oil inventories for the week ending Dec. 19 decreased by 3.10 million barrels. Analyst: One Third Of Banks To Collapse In 2009   U.S. Economy: Home Prices Fall At Depression Pace   Recession/depression deepens, countries boost spending  Previously, just modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come. Existing home sales plunged to a rate of 4.49 million last month, down 8.6 percent from October, and worse than economists predicted. Total sales, not calculated as an annual rate, fell 17 percent in November from a year earlier to 322,000, sales of newly built homes fell 2.9 percent from October to a pace of 407,000 units, the slowest rate in nearly 18 years. Madoff investor found dead of suicide. Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy contracted at an annualized rate of 0.5%, unchanged from the prior reading though personal consumption component was down 3.8%.  Motek’s experts:  actor/speculator/entertainer/sometimes economist Ben Stein takes a page out of GM’s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno ….. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff’s correct prediction of market crash, but does correctly state fed policies hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon and says only 10%, not  25% (as consensus predicts), decline for caleefornia…..riiiiight…..take that to the bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD flips yet again-if only we were all traders…but if you had followed his every whim, only the frauds on wall street would have made out with substantial commissions in the ups/downs. IMF warns of Great Depression   100% chance of depression in US   Depression Hits Detroit: Average home price $18,513 - Unemployment rate 21%   U.S. Home Resales Fall; Prices Drop by Record 13.2%   Congressman: “If We’re Not Very Lucky Or If We Don’t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression”   World faces “total” financial meltdown: Bank of Spain chief  Previous suckers bear market rally into the close with 150 point swing to the upside based on bull s**t and fraud in the inducement alone to keep the suckers sucked in and commission dollars flowing for modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come.  Motek’s experts:Economist says economy in full-out recession, aggregate demand down across the board, abusers are not lubrication for economy so should not get bailout, another 25% down for real estate prices as foreclosures also will continue but lower prices will eventually stimulate demand, fed focused now on long-rates, cites housing/finance/consumer debacles and no recovery till at least into 2010 at best (I don’t think so); oil expert says contract now February delivery on expiration of January contract and flood of selling on expiring contract temporarily depressed prices, oil more expensive in future, discusses boom/bust cycle (we’re in the bust part); another cites high redefault rate on modified mortgages and more foreclosures; auto analyst points to Toyota showing first loss since 1941 inception, global downturn with no nation spared, reckoning for 15-20 years of bad decision-making, 2009 very grim, 2010 at best for even minimal improvement (I don’t think so); Online e-commerce expert cites first flat to down year of online retail sales growth; downgrades GM, american Express, Ford, etc.. World faces “total” financial meltdown: Bank of Spain chief  Housing crisis worsens as economy weakens    Japan recession deepens, China cuts rates    Great Recession/Depression of 2008, et seq., Worse Than All Others  AP Impact: Wall Street still flying corporate jets; indeed, with all the bashing of auto rank and file employee pay, the reality is that american executives, among the least able, least talented in the world, along with fraudulent wall street are grossly overpaid and far exceeding that of their far more able foreign counterparts (AP)   Where'd the bailout money go? Shhhh, it's a secret (AP)   Housing crisis worsens as economy weakens   Ratings Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking Alpha) Previous mixed to modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts. Motek’s analyst/options expert predicts controlled bankruptcy for at least GM (maybe more), cites Fitch downgrade of GM’s credit/default rating and says GM within weeks of default. Oil analyst cites recession, week demand, over-supply also stating storage facilities full and resorting to offshore tankers to store excess oil. Media analyst says economic model for newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression  He Saw the Crash Coming: What Gary Shilling Sees for 2009   Yes, Shilling’s using  the d for depression word so If video unavailable, here for avi rendering  SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING'   Previously, recession/depression level 554,000 new unemployment claims (I’m sure in reality, far worse but still bad) pre-Christmas so wait till the post-Christmas numbers are out – nowhere to hide those but they’ll try. Motek scraping bottom of barrel for second day in a row and comes up with another land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade madeoff with other peoples money, poo-poos the purported amount, says market not doing badly considering the dismal news (at least he is lucid enough to realize dismal - market should be between 2,000 to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but real and probably far worse than reported data) and points to auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on commodities generally, liquidation on expiration of January (2009) oil contracts and liquidation of positions, but February (2009) contracts back to $40+ rather quickly, and points to decreased current and prospective refinery capacity on thin to low margins.  A Most Desperate Move by the Fed    Dollar’s Slump Erases Months Of Solid Gains   “The Biggest Bubble Of All . . . U.S. Government Debt”  Video: Crash Will be Worse than Great Depression   Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit    Fed unleashes greatest bubble of all    Canadian Prime Minister Stephen Harper believes a depression is COMING   Peter Schiff new VIDEO on the Coming Collapse Dec 16    Swiss gold bullion in huge demand as trust in banks dives   Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers.  Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate  Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut    Federal spending soars 25% -- even before bailout...    Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don’t know what they’re doing – remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”,  F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody’s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation  – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   BILLIONS VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(12-24-08)  DOW 8,468.48+48.99+0.58%   No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,524.90+3.36+0.22%   No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 865.42+2.26+0.26% No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $37.51 (RECORD TRADING HIGH $147.27) GAS $1.66 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.58 DIESEL)/ GOLD $838 / SILVER $10.35/ PLATINUM $848 / DOLLAR= .71 EURO, 90 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.19% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  YAHOO - BRIEFING.COM Weekly Recap   Absolutely, Absurdly, Ridiculous! The frauds on wall street say they are entitled to the obligatory santa claus rally and attempt to keep you suckered in for their commissions sake with small gains on bull s**t/fraud alone in holiday shortened light trading, but reality says every day the market’s above 2,000-5,000 on the DOW, 1,000-1,300 on the NASDAQ, and 500-600 on the S&P is a ‘santa clause rally, so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with ephemeral short-covering to lock in year-end gains for window dressing and much, much worse to come. Unemployment up more than expected at 26 year high and consumer spending down for fifth month in a row. In their typically corrupt way, scandal-scarred commerce department provides fake data for b.s. talking points far better than private economist estimates but still decline of 1% in durable goods new orders. Oil's slide came in the face of a surprise inventory draw, which suggests stronger-than-expected demand for the commodity as Department of Energy reported that oil inventories for the week ending Dec. 19 decreased by 3.10 million barrels. Analyst: One Third Of Banks To Collapse In 2009   U.S. Economy: Home Prices Fall At Depression Pace   Recession/depression deepens, countries boost spending  Previously, just modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come. Existing home sales plunged to a rate of 4.49 million last month, down 8.6 percent from October, and worse than economists predicted. Total sales, not calculated as an annual rate, fell 17 percent in November from a year earlier to 322,000, sales of newly built homes fell 2.9 percent from October to a pace of 407,000 units, the slowest rate in nearly 18 years. Madoff investor found dead of suicide. Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy contracted at an annualized rate of 0.5%, unchanged from the prior reading though personal consumption component was down 3.8%.  Motek’s experts:  actor/speculator/entertainer/sometimes economist Ben Stein takes a page out of GM’s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno ….. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff’s correct prediction of market crash, but does correctly state fed policies hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch bandwagon and says only 10%, not  25% (as consensus predicts), decline for caleefornia…..riiiiight…..take that to the bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD flips yet again-if only we were all traders…but if you had followed his every whim, only the frauds on wall street would have made out with substantial commissions in the ups/downs. IMF warns of Great Depression   100% chance of depression in US   Depression Hits Detroit: Average home price $18,513 - Unemployment rate 21%   U.S. Home Resales Fall; Prices Drop by Record 13.2%   Congressman: “If We’re Not Very Lucky Or If We Don’t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression”   World faces “total” financial meltdown: Bank of Spain chief  Previous suckers bear market rally into the close with 150 point swing to the upside based on bull s**t and fraud in the inducement alone to keep the suckers sucked in and commission dollars flowing for modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come.  Motek’s experts:Economist says economy in full-out recession, aggregate demand down across the board, abusers are not lubrication for economy so should not get bailout, another 25% down for real estate prices as foreclosures also will continue but lower prices will eventually stimulate demand, fed focused now on long-rates, cites housing/finance/consumer debacles and no recovery till at least into 2010 at best (I don’t think so); oil expert says contract now February delivery on expiration of January contract and flood of selling on expiring contract temporarily depressed prices, oil more expensive in future, discusses boom/bust cycle (we’re in the bust part); another cites high redefault rate on modified mortgages and more foreclosures; auto analyst points to Toyota showing first loss since 1941 inception, global downturn with no nation spared, reckoning for 15-20 years of bad decision-making, 2009 very grim, 2010 at best for even minimal improvement (I don’t think so); Online e-commerce expert cites first flat to down year of online retail sales growth; downgrades GM, american Express, Ford, etc.. World faces “total” financial meltdown: Bank of Spain chief  Housing crisis worsens as economy weakens    Japan recession deepens, China cuts rates    Great Recession/Depression of 2008, et seq., Worse Than All Others  AP Impact: Wall Street still flying corporate jets; indeed, with all the bashing of auto rank and file employee pay, the reality is that american executives, among the least able, least talented in the world, along with fraudulent wall street are grossly overpaid and far exceeding that of their far more able foreign counterparts (AP)   Where'd the bailout money go? Shhhh, it's a secret (AP)   Housing crisis worsens as economy weakens   Ratings Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking Alpha) Previous mixed to modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts. Motek’s analyst/options expert predicts controlled bankruptcy for at least GM (maybe more), cites Fitch downgrade of GM’s credit/default rating and says GM within weeks of default. Oil analyst cites recession, week demand, over-supply also stating storage facilities full and resorting to offshore tankers to store excess oil. Media analyst says economic model for newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression  He Saw the Crash Coming: What Gary Shilling Sees for 2009   Yes, Shilling’s using  the d for depression word so If video unavailable, here for avi rendering  SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING'   Previously, recession/depression level 554,000 new unemployment claims (I’m sure in reality, far worse but still bad) pre-Christmas so wait till the post-Christmas numbers are out – nowhere to hide those but they’ll try. Motek scraping bottom of barrel for second day in a row and comes up with another land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade madeoff with other peoples money, poo-poos the purported amount, says market not doing badly considering the dismal news (at least he is lucid enough to realize dismal - market should be between 2,000 to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but real and probably far worse than reported data) and points to auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on commodities generally, liquidation on expiration of January (2009) oil contracts and liquidation of positions, but February (2009) contracts back to $40+ rather quickly, and points to decreased current and prospective refinery capacity on thin to low margins.  A Most Desperate Move by the Fed    Dollar’s Slump Erases Months Of Solid Gains   “The Biggest Bubble Of All . . . U.S. Government Debt”  Video: Crash Will be Worse than Great Depression   Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit    Fed unleashes greatest bubble of all    Canadian Prime Minister Stephen Harper believes a depression is COMING   Peter Schiff new VIDEO on the Coming Collapse Dec 16    Swiss gold bullion in huge demand as trust in banks dives   Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers.  Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate  Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut    Federal spending soars 25% -- even before bailout...    Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don’t know what they’re doing – remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”,  F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody’s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation  – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   BILLIONS VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   Previous session, modest decline relative to reality so still great opportunity to sell/take profits since much, much worse to come! All news decisively bad and much worse than expected with trade deficit up 1.1%, dollar down, unemployment claims up 573,000 a 26 year high, 28% increase in foreclosures, bailout recipient BofA to cut 35,000 jobs, many other prospective job cuts announced, economic group changes previous forecast to worse/long recession,  Bernard Madoff arrested over alleged $50 billion fraud Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was basically, a giant Ponzi scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000 jobs... ,  ...final could be higher ,  Shocking but true claim: Most big banks 'bankrupt'... ,  New unemployment claims surge unexpectedly   ,  Ron Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain.  ,  US budget deficit to reach USD 1 trillion  ,  Jim Rogers calls most big U.S. banks “bankrupt”  Jim Rogers, one of the world’s most prominent international investors, on Thursday called most of the largest U.S. banks “totally bankrupt,” and said government efforts to fix the sector are wrongheaded. CORRECTED - CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge ,  German FM criticises Britain’s ‘crass Keynesian’ policies: report   and read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come) ,  suckers bear market ralley to keep the suckers sucked in so great opportunity to sell/take profits since much, much worse to come!  This  suckers bear market rally is based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression   (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   Previous, modest decline relative to reality so still great time to sell/take profits since much, much worse to come.  Wall Street stung by risk-aversion and realistically bleak outlooks  , Point of no return: Interest on T-bills hits zero  ,  Tightening Budgets Mean a Rough Ride for IT  ,  FIRST TIME: Treasury Bills Trade at Negative Rates...  .  Previous,  suckers bear market rally based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression   (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   Previous suckers’ bear market rally on far worse than expected and particularly significant bad news provides great opportunity to sell/take profits, especially considering fraudulent wall street’s previous modus operandi to keep suckers sucked into this market and their commission dollars flowing, suckers’ rallies into the close, reassuring rallies prior to weekends as this despite unexpectedly bad news as today, etc., which frauds perpetrated the yet unprosecuted crimes that have created this current financial debacle. Record 1.33 homes in foreclosure,15 year high for unemployment at 6.7% even as many no longer looking with things so depressed and worse to come in ’09, record level deficits both trade and particularly budget with money not there being spent with abandon (worthless Weimar dollars being printed created like mad which is and will continue to be hyperinflationary regardless of the current fake reports). Motek has actor/speculator/entertainer/sometimes economist Ben Stein points to loans in foreclosure hitting new records, paulson misconduct, lack of oversight/accontability in bailout funds, and the seriousness of the crisis, but his pointed barbs seem fleeting and is most memorable by his somewhat blind adherence to policy as indicated by his criticism of Peter Shiff for warning of this debacle years ago. Motek’s oil analyst says economy so bad that oil demand down, significant recession in 2009, and hedge funds liquidating positions putting pressure on oil prices. Finally, Motek elicits from Peter Shiff that jobs created are being destroyed as fast, phony jobs, bear market and government making worse by digging deeper hole, phony (worthless Weimar) dollar rally provides opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  3 Tell Tale Signs Of This Sucker Rally  , Half-million jobs vanish as economy deteriorates (AP)  , Job losses worst since 1974  Employers cut 533K jobs in Nov., most in 34 years   ,  Late mortgage payments and foreclosures hit record  ,  1 in 10 homeowners behind on mortgage payments, or in foreclosure...   ,  Wall St financiers party like there's no tomorrow -- literally  WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It’s been wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Previous session, modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS’ BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com, having predicted the Panic of 2008 now preparing current prognostications for 2009 which will bear the consequential follow-up title to the Panic of 2008; namely, The Collapse of 2009, further stating there’s nothing they’ve done or prospectively can do to avoid the complete economic/financial collapse in the u.s., the seeds for which have already been sown, good money after bad notwithstanding, the die having been cast. All business/financial/economic news decisively bad; 26 year high for jobless rolls, orders to factories down sharply, job cuts current and prospective up sharply. Motek expert comments on auto bailout saying no new concesions with UAW cuts merely cosmetic, just down payment on failed business model/scenario, bankruptcy necessary as costs too high, and on economy says nation to go deeper into recession owing to intactable structural problems; i.e., deficits, etc.. Another Motek expert says very negative economic environment, sees deepening of more prolonged recession, discusses risk tolerance in such an environment recommending highest quality debt instruments but does note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and re-default rates on mortgages rising. Employers shedding jobs as recession deepens , AP IMPACT: Some bailout holdings down $9 billion , Governments brace for long crisis ahead , High inventory is killing home builders; industry asks for help , It's Not a Great Time to Get Into Stocks  , Long Term Investors Should Avoid Leveraged ETFs  , Fixing the Enron Economy  , US FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,  Prepare For Depression Level Unemployment  ,  Record number of Americans using food stamps: report  ,  Whether We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out Of Our Pockets  ,   Corporate Debt Protection Costs Climb Amid Depression Concern  ,  Shoppers ready to call it quits MarketWatch | More than one-third of consumers chose not to shop at all last month, except on Black Friday, according to Britt Beemer of America’s Research Group. Lawsuit claims Citigroup was running a “quasi-Ponzi scheme”  Bloomberg | Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging unmarketable collateralized debt obligations it held and re-selling them to itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously, suckers’ bear market rally into the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:  A Bleak Outlook: Nov. Job Loss at  250,000, Economic Weakness   ,  US, China currency clash over worthless american currency... ,  61% oppose auto bailout   , Meredith Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek)  ,  Desperate Times, Desperate Policies ) . One non-Motek expert says these suckers’ bear market rallies on bad news are at best wishful thinking and not sustainable along with realistically dire outlook. Motek expert says market for speculators/traders and points to volatility index while failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than now (now we see insurmountable trade/budget deficits, lack of manufacturing base, global antipathy, etc.) disavows such heavily promoted failed strategies as dollar-cost averaging where stocks prices remain artificially (now fraudulently) high for far longer periods of time than lower prices (MBA Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie., dollar-cost averaging in declining markets, but only when analysis indicates under-valuation in prospective terms which is certainly isn’t the case now of rampant over-valuation/fraud]. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000  , Auditors Fault Oversight of Bailout Funds... Previous suckers’ bear market rally in the last minutes of the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: GE lowers guidance but maintains dividend ,  November US auto sales drop to 26-year low  , Data signal deep global downturn  Financial Times , US manufacturing hits 26-year low: ISM . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(12-23-08)  DOW 8,419.49-100.28-1.18%   No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,521.54-10.81-0.71% No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 863.16-8.47-0.97% No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $38.98 (RECORD TRADING HIGH $147.27) GAS $1.66 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.58 DIESEL)/ GOLD $838.10/ SILVER $10.26/ PLATINUM $845.58 / DOLLAR= .71 EURO, 90 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.18% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  YAHOO - BRIEFING.COM Weekly Recap  Still just modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street continue their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come. Existing home sales plunged to a rate of 4.49 million last month, down 8.6 percent from October, and worse than economists predicted. Total sales, not calculated as an annual rate, fell 17 percent in November from a year earlier to 322,000, sales of newly built homes fell 2.9 percent from October to a pace of 407,000 units, the slowest rate in nearly 18 years. Madoff investor found dead of suicide. Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy contracted at an annualized rate of 0.5%, unchanged from the prior reading though personal consumption component was down 3.8%.  Motek’s experts:  actor/speculator/entertainer/sometimes economist Ben Stein takes a page out of GM’s playbook by lambasting Fortune Magazine (you might recall some two decades ago that Fortune warned of GM managerial ineptitude to which GM responded with outrage and withdrew all advertising and revenue to Fortune thereby in retaliation - if only they had listened) for saying caleefornia is number 1, numero uno ….. as prospectively worse real estate market in the nation, the same Ben Stein who poo-pooed Peter Shiff’s correct prediction of market crash, but does correctly state fed policies hyperinflationary; LA economist jumps on the Ben Stein out-to-lunch train and says only 10%, not  25% (as consensus predicts), decline for caleefornia…..riiiiight…..take that to the bank; broad donates to MOCA; show biz expert- strike fear; and Shreve of IBD flips yet again-if only we were all traders…but if you had followed his every whim, only the frauds on wall street would have made out with substantial commissions in the ups/downs. IMF warns of Great Depression   100% chance of depression in US   Depression Hits Detroit: Average home price $18,513 - Unemployment rate 21%   U.S. Home Resales Fall; Prices Drop by Record 13.2%   Congressman: “If We’re Not Very Lucky Or If We Don’t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression”   World faces “total” financial meltdown: Bank of Spain chief  Previous suckers bear market rally into the close with 150 point swing to the upside based on bull s**t and fraud in the inducement alone to keep the suckers sucked in and commission dollars flowing for modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come.  Motek’s experts:Economist says economy in full-out recession, aggregate demand down across the board, abusers are not lubrication for economy so should not get bailout, another 25% down for real estate prices as foreclosures also will continue but lower prices will eventually stimulate demand, fed focused now on long-rates, cites housing/finance/consumer debacles and no recovery till at least into 2010 at best (I don’t think so); oil expert says contract now February delivery on expiration of January contract and flood of selling on expiring contract temporarily depressed prices, oil more expensive in future, discusses boom/bust cycle (we’re in the bust part); another cites high redefault rate on modified mortgages and more foreclosures; auto analyst points to Toyota showing first loss since 1941 inception, global downturn with no nation spared, reckoning for 15-20 years of bad decision-making, 2009 very grim, 2010 at best for even minimal improvement (I don’t think so); Online e-commerce expert cites first flat to down year of online retail sales growth; downgrades GM, american Express, Ford, etc.. World faces “total” financial meltdown: Bank of Spain chief  Housing crisis worsens as economy weakens    Japan recession deepens, China cuts rates    Great Recession/Depression of 2008, et seq., Worse Than All Others  AP Impact: Wall Street still flying corporate jets; indeed, with all the bashing of auto rank and file employee pay, the reality is that american executives, among the least able, least talented in the world, along with fraudulent wall street are grossly overpaid and far exceeding that of their far more able foreign counterparts (AP)   Where'd the bailout money go? Shhhh, it's a secret (AP)   Housing crisis worsens as economy weakens   Ratings Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking Alpha) Previous mixed to modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts. Motek’s analyst/options expert predicts controlled bankruptcy for at least GM (maybe more), cites Fitch downgrade of GM’s credit/default rating and says GM within weeks of default. Oil analyst cites recession, week demand, over-supply also stating storage facilities full and resorting to offshore tankers to store excess oil. Media analyst says economic model for newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression  He Saw the Crash Coming: What Gary Shilling Sees for 2009   Yes, Shilling’s using  the d for depression word so If video unavailable, here for avi rendering  SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING'   Previously, recession/depression level 554,000 new unemployment claims (I’m sure in reality, far worse but still bad) pre-Christmas so wait till the post-Christmas numbers are out – nowhere to hide those but they’ll try. Motek scraping bottom of barrel for second day in a row and comes up with another land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade madeoff with other peoples money, poo-poos the purported amount, says market not doing badly considering the dismal news (at least he is lucid enough to realize dismal - market should be between 2,000 to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but real and probably far worse than reported data) and points to auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on commodities generally, liquidation on expiration of January (2009) oil contracts and liquidation of positions, but February (2009) contracts back to $40+ rather quickly, and points to decreased current and prospective refinery capacity on thin to low margins.  A Most Desperate Move by the Fed    Dollar’s Slump Erases Months Of Solid Gains   “The Biggest Bubble Of All . . . U.S. Government Debt”  Video: Crash Will be Worse than Great Depression   Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit    Fed unleashes greatest bubble of all    Canadian Prime Minister Stephen Harper believes a depression is COMING   Peter Schiff new VIDEO on the Coming Collapse Dec 16    Swiss gold bullion in huge demand as trust in banks dives   Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers.  Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate  Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut    Federal spending soars 25% -- even before bailout...    Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don’t know what they’re doing – remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”,  F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody’s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation  – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   BILLIONS VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(12-22-08)  DOW 8,519.69 -59.42 -0.69%   No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,532.35 -31.97 -2.04%   No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 871.63 -16.25 -1.83% No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $39.91 (RECORD TRADING HIGH $147.27) GAS $1.66 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.58 DIESEL)/ GOLD $847.20/ SILVER $10.86/ PLATINUM $865.58 / DOLLAR= .71 EURO, 90 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.17% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  YAHOO - BRIEFING.COM Weekly Recap  Absolutely, Absurdly, Ridiculous! Suckers bear market rally into the close with 150 point swing to the upside based on bull s**t and fraud in the inducement alone to keep the suckers sucked in and commission dollars flowing for modest losses relative to reality so SELL INTO STRENGTH/TAKE PROFITS/SELL as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts, with much, much worse to come.  Motek’s experts:Economist says economy in full-out recession, aggregate demand down across the board, abusers are not lubrication for economy so should not get bailout, another 25% down for real estate prices as foreclosures also will continue but lower prices will eventually stimulate demand, fed focused now on long-rates, cites housing/finance/consumer debacles and no recovery till at least into 2010 at best (I don’t think so); oil expert says contract now February delivery on expiration of January contract and flood of selling on expiring contract temporarily depressed prices, oil more expensive in future, discusses boom/bust cycle (we’re in the bust part); another cites high redefault rate on modified mortgages and more foreclosures; auto analyst points to Toyota showing first loss since 1941 inception, global downturn with no nation spared, reckoning for 15-20 years of bad decision-making, 2009 very grim, 2010 at best for even minimal improvement (I don’t think so); Online e-commerce expert cites first flat to down year of online retail sales growth; downgrades GM, american Express, Ford, etc.. World faces “total” financial meltdown: Bank of Spain chief  Housing crisis worsens as economy weakens    Japan recession deepens, China cuts rates    Great Recession/Depression of 2008, et seq., Worse Than All Others  AP Impact: Wall Street still flying corporate jets; indeed, with all the bashing of auto rank and file employee pay, the reality is that american executives, among the least able, least talented in the world, along with fraudulent wall street are grossly overpaid and far exceeding that of their far more able foreign counterparts (AP)   Where'd the bailout money go? Shhhh, it's a secret (AP)   Housing crisis worsens as economy weakens   Ratings Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking Alpha) Previous mixed to modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts. Motek’s analyst/options expert predicts controlled bankruptcy for at least GM (maybe more), cites Fitch downgrade of GM’s credit/default rating and says GM within weeks of default. Oil analyst cites recession, week demand, over-supply also stating storage facilities full and resorting to offshore tankers to store excess oil. Media analyst says economic model for newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression  He Saw the Crash Coming: What Gary Shilling Sees for 2009   Yes, Shilling’s using  the d for depression word so If video unavailable, here for avi rendering  SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING'   Previously, recession/depression level 554,000 new unemployment claims (I’m sure in reality, far worse but still bad) pre-Christmas so wait till the post-Christmas numbers are out – nowhere to hide those but they’ll try. Motek scraping bottom of barrel for second day in a row and comes up with another land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade madeoff with other peoples money, poo-poos the purported amount, says market not doing badly considering the dismal news (at least he is lucid enough to realize dismal - market should be between 2,000 to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but real and probably far worse than reported data) and points to auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on commodities generally, liquidation on expiration of January (2009) oil contracts and liquidation of positions, but February (2009) contracts back to $40+ rather quickly, and points to decreased current and prospective refinery capacity on thin to low margins.  A Most Desperate Move by the Fed    Dollar’s Slump Erases Months Of Solid Gains   “The Biggest Bubble Of All . . . U.S. Government Debt”  Video: Crash Will be Worse than Great Depression   Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit    Fed unleashes greatest bubble of all    Canadian Prime Minister Stephen Harper believes a depression is COMING   Peter Schiff new VIDEO on the Coming Collapse Dec 16    Swiss gold bullion in huge demand as trust in banks dives   Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers.  Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate  Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut    Federal spending soars 25% -- even before bailout...    Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don’t know what they’re doing – remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”,  F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody’s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation  – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(12-19-08)  DOW 8,579.11 -25.88 -0.30% No change worth reporting for second and third weeks of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,564.32    +11.95 +0.77% No change worth reporting for second and third weeks of December -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 887.88 +2.60 +0.29% No change worth reporting for second and third weeks of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $33.87 (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS  $1.75 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $837.40/ SILVER $10.85/ PLATINUM $851.30 / DOLLAR= .71 EURO, 89 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.13% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  YAHOO - BRIEFING.COM Weekly Recap  Absolutely, Absurdly, Ridiculous! Mixed to modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations except that the frauds on wall street do their familiar suckers cheer for bailouts, bailouts, bailouts. Motek’s analyst/options expert predicts controlled bankruptcy for at least GM (maybe more), cites Fitch downgrade of GM’s credit/default rating and says GM within weeks of default. Oil analyst cites recession, week demand, over-supply also stating storage facilities full and resorting to offshore tankers to store excess oil. Media analyst says economic model for newspaper/media business broken. Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression  He Saw the Crash Coming: What Gary Shilling Sees for 2009   Yes, Shilling’s using  the d for depression word so If video unavailable, here for avi rendering  SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING'   Previously, recession/depression level 554,000 new unemployment claims (I’m sure in reality, far worse but still bad) pre-Christmas so wait till the post-Christmas numbers are out – nowhere to hide those but they’ll try. Motek scraping bottom of barrel for second day in a row and comes up with another land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade madeoff with other peoples money, poo-poos the purported amount, says market not doing badly considering the dismal news (at least he is lucid enough to realize dismal - market should be between 2,000 to 5,000 on the DOW, 500-600 on S&P, 1,100 to 1,300 on NASDAQ based upon the dismal but real and probably far worse than reported data) and points to auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on commodities generally, liquidation on expiration of January (2009) oil contracts and liquidation of positions, but February (2009) contracts back to $40+ rather quickly, and points to decreased current and prospective refinery capacity on thin to low margins.  A Most Desperate Move by the Fed    Dollar’s Slump Erases Months Of Solid Gains   “The Biggest Bubble Of All . . . U.S. Government Debt”  Video: Crash Will be Worse than Great Depression   Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit    Fed unleashes greatest bubble of all    Canadian Prime Minister Stephen Harper believes a depression is COMING   Peter Schiff new VIDEO on the Coming Collapse Dec 16    Swiss gold bullion in huge demand as trust in banks dives   Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers.  Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate  Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut    Federal spending soars 25% -- even before bailout...    Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don’t know what they’re doing – remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”,  F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody’s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation  – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(12-18-08)  DOW 8,604.99 -219.35 -2.49% No change worth reporting for second week of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,552.37 –26.94 –1.8% No change worth reporting for second week of December -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 885.28 -19.08 –2.1% No change worth reporting for second week of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $36.22 (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS  $1.75 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $860.60/ SILVER $10.96/ PLATINUM $863.90 / DOLLAR= .70 EURO, 88 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.06% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  YAHOO - BRIEFING.COM Weekly Recap  Yet still only modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations except that the frauds on wall street did their suckers cheer for the recession/depression level 554,000 new unemployment claims (I’m sure in reality, far worse but still bad) pre-Christmas so wait till the post-Christmas numbers are out – nowhere to hide those but they’ll try. Motek scraping bottom of barrel for second day in a row and comes up with another land-of-fruits-and-nuts man, the senile wedbush who discusses his comrade madoff with other peoples money, poo-poos the purported amount, says market not doing badly considering the dismal news (at least he is lucid enough to realize dismal - market should be between 2,000 to 5,000 on the DOW based upon the dismal but real and probably worse data) and points to auto scenario, oil plunge, and madoff fraud for doldrums. Oil analyst says pressure on commodities generally, liquidation on expiration of January (2009) oil contracts and liquidation of positions, but February (2009) contracts back to $40+ rather quickly, and points to decreased current and prospective refinery capacity on thin to low margins.  A Most Desperate Move by the Fed    Dollar’s Slump Erases Months Of Solid Gains   “The Biggest Bubble Of All . . . U.S. Government Debt”

Video: Crash Will be Worse than Great Depression   Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit    Fed unleashes greatest bubble of all    Canadian Prime Minister Stephen Harper believes a depression is COMING   Peter Schiff new VIDEO on the Coming Collapse Dec 16    Swiss gold bullion in huge demand as trust in banks dives   Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers.  Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate  Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut    Federal spending soars 25% -- even before bailout...    Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don’t know what they’re doing – remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”,  F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody’s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation  – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   BILLIONS VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(12-17-08)  DOW 8,824.34 -99.80 -1.12% No change worth reporting for second week of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,579.31 -10.58 –1% No change worth reporting for second week of December -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 904.42 -8.76 –1% No change worth reporting for second week of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $40.06 (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS  $1.75 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $868.51/ SILVER $11.42/ PLATINUM $865.20 / DOLLAR= .67 EURO, 88 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.17% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  YAHOO - BRIEFING.COM Weekly Recap  Absolutely, Absurdly, Ridiculous! Only modest losses relative to reality so sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations. Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ THIS IS WALL STREET EVERY DAY WITH THEIR EATING AWAY AT OTHER PEOPLES MONEY TO THE TUNE OF HUNDREDS OF MILLIONS OF DOLLARS A DAY (BILLIONS A YEAR AND NOW BILLIONS IN TAXPAYER BAILOUT FUNDS FOR THEIR FRAUD) BASED ON NOTHING BUT BULL S**T AND FRAUD! U.S. Records Huge Current Account Deficit    Fed unleashes greatest bubble of all    Canadian Prime Minister Stephen Harper believes a depression is COMING   Peter Schiff new VIDEO on the Coming Collapse Dec 16    Swiss gold bullion in huge demand as trust in banks dives   Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers.  Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate  Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut    Federal spending soars 25% -- even before bailout...    Previous, building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don’t know what they’re doing – remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”,  F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody’s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation  – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   BILLIONS VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(12-16-08)  DOW 8,924.14 +359.61 +4.20% No change worth reporting for second week of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,589.89 +81.55 +5.41% No change worth reporting for second week of December -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 913.18 +44.61 +5.14% No change worth reporting for second week of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $43.60 (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS  $1.75 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $856/ SILVER $11.06/ PLATINUM $865.51 / DOLLAR= .70 EURO, 88 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.26% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  YAHOO - BRIEFING.COM Weekly Recap  Absolutely, Absurdly, Ridiculous! Sell into strength/take profits/sell as all news decisively bad and worse than even dismal expectations with building permits declining 15.6% to a seasonally adjusted annual rate of 616,000 (below the consensus of 700,000), housing starts data for November declined 18.9% from the prior month to an annualized rate of 625,000 units, which was below the consensus of 736,000 and are 47% below the year-ago level, fed desperation (they don’t know what they’re doing – remember their pronouncement -no recession- when we were already in one), Weimar dollar down sharply, Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”,  F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, Kellner cites ‘helicopter ben’ (bernanke), BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S. Motek Experts: Art Hogan more realistically candid than usual cites all bad news, very difficult times, near term lows but no recovery for economy, hope is that second half of 2009 is better than first half (NOT!), cites lost decade in Japan with 0% interest rates, negative growth through fourth quarter 2009, longest recession (depression) in modern times, market hopefully better in second half of 2009 anticipating better 2010 (NOT!), bottoming of energy/commodities, worth looking at consumer goods/staples focused on what you need versus what you want; economist points to bankruptcies up, housing starts down; Zandi of Moody’s says not getting better but worse, most credit card holders will not benefit from rate cut; currency expert says interest rate cuts increasingly irrelevant, fed buying bonds driving asset prices higher and displacing private sector with prospectively negative results; and finally, Peter Shiff cites fed action as irresponsible, destroying value of money, bear market, money not worth anything, negates any rise in paper dollar-denominated securities (SELL), says buy gold because of u.s. hyperinflation. Previous, news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary Federal Reserve sets stage for Weimar-style Hyperinflation  – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   BILLIONS VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(12-15-08)  DOW 8,564.53 -65.15 -0.75% No change worth reporting for second week of December -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,508.34 -32.38 -2.10% No change worth reporting for second week of December -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 868.57 -11.16 -1.27% No change worth reporting for second week of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $44.51 (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $836.51/ SILVER $10.65/ PLATINUM $865.51 / DOLLAR= .73 EURO, 90 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.52% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  YAHOO - BRIEFING.COM Weekly Recap  Absolutely, Absurdly, Ridiculous! Only modest losses relative to reality BILLIONS VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. More banks reveal Madoff exposure The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report This modest retreat and previous suckers bearmarket rally on bull s**t alone with familiar mantra still ringing today; viz., everything but the facts:  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP) and even bigger questions about fraudulent wall street and their washingtonian/federal/state facilitators. Builders sentiment reading at 9 (anything less than 50 is negative/pessimistic). Motek’s legal expert correctly points to funds problems with meeting redemptions and paraphrases J.P. Morgan’s immortal words concerning investing by saying as is particularly relevant now, It’s not return on investment, but return of investment (that really counts). Banks hit worldwide by US 'fraud'  . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? Prosecute and throw them in jail and make them cough up their stolen multi-billion spoils. Not just super rich caught up in $50B Madoff case . The previous suckers bear market rally was/is based on bull s**t alone; namely, now it’s the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression  FARRELL’S 15 GHOSTS OF WALLSTREET/ECONOMIC PAST/PRESENT/FUTURE Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(12-12-08)  DOW 8,629.68 +64.59 +0.75% No change worth reporting for second week of December -2.3% for the first week of December No change worth reporting for second week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,540.72 +32.84 +2.18% -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 879.73 +6.14 +0.70%- No change worth reporting for second week of December -2.7% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $46.28 (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $822/ SILVER $10.23/ PLATINUM $823 / DOLLAR= .74 EURO, 91 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.59% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  YAHOO - BRIEFING.COM Weekly Recap  Absolutely, Absurdly, Ridiculous! BILLIONS VANISH IN EPIC HEDGE FUND FRAUD All news worse than bad and to get much worse but full moon manifest on lunatic asylum for the criminally insane wall street. The ‘while you can’ part of sell/take profits manifests and will worsen Citadel suspends redemptions from two hedge funds Stupidity not limited to u.s. where fraud is rampant Geneva banks lost more than $4 billon to Madoff: report Suckers bearmarket rally on bull s**t alone with mantra,  forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come), and from well respected wall street fraud madoff, "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," which is fraudulent wall street in a nutshell. Madoff fraud case raises questions about SEC (AP)  This  suckers bear market rally is based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression   (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 879)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   Previous session, modest decline relative to reality so still great opportunity to sell/take profits since much, much worse to come! All news decisively bad and much worse than expected with trade deficit up 1.1%, dollar down, unemployment claims up 573,000 a 26 year high, 28% increase in foreclosures, bailout recipient BofA to cut 35,000 jobs, many other prospective job cuts announced, economic group changes previous forecast to worse/long recession,  Bernard Madoff arrested over alleged $50 billion fraud Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was basically, a giant Ponzi scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000 jobs... ,  ...final could be higher ,  Shocking but true claim: Most big banks 'bankrupt'... ,  New unemployment claims surge unexpectedly   ,  Ron Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain.  ,  US budget deficit to reach USD 1 trillion  ,  Jim Rogers calls most big U.S. banks “bankrupt”  Jim Rogers, one of the world’s most prominent international investors, on Thursday called most of the largest U.S. banks “totally bankrupt,” and said government efforts to fix the sector are wrongheaded. CORRECTED - CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge ,  German FM criticises Britain’s ‘crass Keynesian’ policies: report   and read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come) ,  suckers bear market ralley to keep the suckers sucked in so great opportunity to sell/take profits since much, much worse to come!  This  suckers bear market rally is based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression   (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   Previous, modest decline relative to reality so still great time to sell/take profits since much, much worse to come.  Wall Street stung by risk-aversion and realistically bleak outlooks  , Point of no return: Interest on T-bills hits zero  ,  Tightening Budgets Mean a Rough Ride for IT  ,  FIRST TIME: Treasury Bills Trade at Negative Rates...  .  Previous,  suckers bear market rally based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression   (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(12-11-08)  DOW 8,565.09 -196.33 -2.24% -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,507.88  -57.60 –3.6% -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 873.59 -25.65 -2.7% -1% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $47.98 (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $826.600/ SILVER $10.43/ PLATINUM $865 / DOLLAR= .74 EURO, 90 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.65% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  Modest decline relative to reality so still great opportunity to sell/take profits since much, much worse to come! All news decisively bad and much worse than expected with trade deficit up 1.1%, dollar down, unemployment claims up 573,000 a 26 year high, 28% increase in foreclosures, bailout recipient BofA to cut 35,000 jobs, many other prospective job cuts announced, economic group changes previous forecast to worse/long recession,  Bernard Madoff arrested over alleged $50 billion fraud Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was basically, a giant Ponzi scheme (the fraudulent wall street story in a nutshell) , BANK OF AMERICA to cut 35,000 jobs... ,  ...final could be higher ,  Shocking but true claim: Most big banks 'bankrupt'... ,  New unemployment claims surge unexpectedly   ,  Ron Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain.  ,  US budget deficit to reach USD 1 trillion  ,  Jim Rogers calls most big U.S. banks “bankrupt”  Jim Rogers, one of the world’s most prominent international investors, on Thursday called most of the largest U.S. banks “totally bankrupt,” and said government efforts to fix the sector are wrongheaded. CORRECTED - CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge ,  German FM criticises Britain’s ‘crass Keynesian’ policies: report   and read again previous session, forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come) ,  suckers bear market ralley to keep the suckers sucked in so great opportunity to sell/take profits since much, much worse to come!  This  suckers bear market rally is based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression   (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME!

(12-10-08)  DOW 8,934.18 +70 +.7% -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,571.74 +18 +1.0% -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 909.70 +10 +1.0% -1% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $43.53 (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $808.80/ SILVER $10.20/ PLATINUM $840 / DOLLAR= .76 EURO, 92 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.69% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  Absolutely, Absurdly, Ridiculous! Forget the layoffs Coming soon to U.S., 1 million jobs lost every month: Report  , forget the foreclosures Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg , forget declining retail sales Retail sales post big drop in November  ,  forget the $1 trillion record budget deficit , trade deficits, worthless fraudulent securities, lower earnings/guidance/outlook, the topic (b.s. talking point) de jour for the lunatic (yes, full moon) frauds on wall street is bailouts, bailouts, bailouts (not to mention there’s no real money to pay for same – print/create more worthless Weimar dollars – hyperinflationary – even now despite fake reports and worse to come) ,  suckers bear market ralley to keep the suckers sucked in so great opportunity to sell/take profits since much, much worse to come!  This  suckers bear market rally is based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression   (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU STILL CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   Previous, modest decline relative to reality so still great time to sell/take profits since much, much worse to come.  Wall Street stung by risk-aversion and realistically bleak outlooks  , Point of no return: Interest on T-bills hits zero  ,  Tightening Budgets Mean a Rough Ride for IT  ,  FIRST TIME: Treasury Bills Trade at Negative Rates...  .  Previous,  suckers bear market rally based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastructure jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression   (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(12-09-08)  DOW 8,691.33 -242.85 -2.72% -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,547.34 -24.40 -1.55% -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 888.67 -21.03 -2.31% -1% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $42.25 (RECORD TRADING HIGH $147.27) GAS $1.65 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $776/ SILVER $9.88/ PLATINUM $826 / DOLLAR= .77 EURO, 92 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.65% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Modest decline relative to reality so still great time to sell/take profits since much, much worse to come.  Wall Street stung by risk-aversion and realistically bleak outlooks  , Point of no return: Interest on T-bills hits zero  ,  Tightening Budgets Mean a Rough Ride for IT  ,  FIRST TIME: Treasury Bills Trade at Negative Rates...  .  Previous,  suckers bear market rally based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastucture jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression   (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   

Previous suckers’ bear market rally on far worse than expected and particularly significant bad news provides great opportunity to sell/take profits, especially considering fraudulent wall street’s previous modus operandi to keep suckers sucked into this market and their commission dollars flowing, suckers’ rallies into the close, reassuring rallies prior to weekends as this despite unexpectedly bad news as today, etc., which frauds perpetrated the yet unprosecuted crimes that have created this current financial debacle. Record 1.33 homes in foreclosure,15 year high for unemployment at 6.7% even as many no longer looking with things so depressed and worse to come in ’09, record level deficits both trade and particularly budget with money not there being spent with abandon (worthless Weimar dollars being printed created like mad which is and will continue to be hyperinflationary regardless of the current fake reports). Motek has actor/speculator/entertainer/sometimes economist Ben Stein points to loans in foreclosure hitting new records, paulson misconduct, lack of oversight/accontability in bailout funds, and the seriousness of the crisis, but his pointed barbs seem fleeting and is most memorable by his somewhat blind adherence to policy as indicated by his criticism of Peter Shiff for warning of this debacle years ago. Motek’s oil analyst says economy so bad that oil demand down, significant recession in 2009, and hedge funds liquidating positions putting pressure on oil prices. Finally, Motek elicits from Peter Shiff that jobs created are being destroyed as fast, phony jobs, bear market and government making worse by digging deeper hole, phony (worthless Weimar) dollar rally provides opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  3 Tell Tale Signs Of This Sucker Rally  , Half-million jobs vanish as economy deteriorates (AP)  , Job losses worst since 1974  Employers cut 533K jobs in Nov., most in 34 years   ,  Late mortgage payments and foreclosures hit record  ,  1 in 10 homeowners behind on mortgage payments, or in foreclosure...   ,  Wall St financiers party like there's no tomorrow -- literally  WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It’s been wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Previous session, modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS’ BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com, having predicted the Panic of 2008 now preparing current prognostications for 2009 which will bear the consequential follow-up title to the Panic of 2008; namely, The Collapse of 2009, further stating there’s nothing they’ve done or prospectively can do to avoid the complete economic/financial collapse in the u.s., the seeds for which have already been sown, good money after bad notwithstanding, the die having been cast. All business/financial/economic news decisively bad; 26 year high for jobless rolls, orders to factories down sharply, job cuts current and prospective up sharply. Motek expert comments on auto bailout saying no new concesions with UAW cuts merely cosmetic, just down payment on failed business model/scenario, bankruptcy necessary as costs too high, and on economy says nation to go deeper into recession owing to intactable structural problems; i.e., deficits, etc.. Another Motek expert says very negative economic environment, sees deepening of more prolonged recession, discusses risk tolerance in such an environment recommending highest quality debt instruments but does note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and re-default rates on mortgages rising. Employers shedding jobs as recession deepens , AP IMPACT: Some bailout holdings down $9 billion , Governments brace for long crisis ahead , High inventory is killing home builders; industry asks for help , It's Not a Great Time to Get Into Stocks  , Long Term Investors Should Avoid Leveraged ETFs  , Fixing the Enron Economy  , US FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,  Prepare For Depression Level Unemployment  ,  Record number of Americans using food stamps: report  ,  Whether We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out Of Our Pockets  ,   Corporate Debt Protection Costs Climb Amid Depression Concern  ,  Shoppers ready to call it quits MarketWatch | More than one-third of consumers chose not to shop at all last month, except on Black Friday, according to Britt Beemer of America’s Research Group. Lawsuit claims Citigroup was running a “quasi-Ponzi scheme”  Bloomberg | Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging unmarketable collateralized debt obligations it held and re-selling them to itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously, suckers’ bear market rally into the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:  A Bleak Outlook: Nov. Job Loss at  250,000, Economic Weakness   ,  US, China currency clash over worthless american currency... ,  61% oppose auto bailout   , Meredith Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek)  ,  Desperate Times, Desperate Policies ) . One non-Motek expert says these suckers’ bear market rallies on bad news are at best wishful thinking and not sustainable along with realistically dire outlook. Motek expert says market for speculators/traders and points to volatility index while failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than now (now we see insurmountable trade/budget deficits, lack of manufacturing base, global antipathy, etc.) disavows such heavily promoted failed strategies as dollar-cost averaging where stocks prices remain artificially (now fraudulently) high for far longer periods of time than lower prices (MBA Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie., dollar-cost averaging in declining markets, but only when analysis indicates under-valuation in prospective terms which is certainly isn’t the case now of rampant over-valuation/fraud]. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME!

(12-08-08)  DOW 8,934.18 +298.76 +3.46% -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ ,571.74 +62.43 +4.14% -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 909.70 +33.83 +3.3% -1% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $40.80 (RECORD TRADING HIGH $147.27) GAS $1.58 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $767.30/ SILVER $9.97/ PLATINUM $838 / DOLLAR= .77 EURO, 92 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.79% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! This is a suckers bear market rally based on bull s**t alone; namely, now the prospective bailouts/spending programs with money that does not really exist (print/create more, borrow more, etc.). 1) Keynesian economics (government stimulus) does not work when a defacto bankrupt nation becomes more bankrupt to bailout frauds/perpetrators/creators of the problem and to create make-shift purported infrastucture jobs to enhance consumption 2) Inherent structural problems, i.e., trade/budget deficits will continue unabated and in the case of the latter, substantially increase – deeper hole 3) While spending on infrastructure is warranted, there is no productive enhancement in economic terms as in less modern times when, i.e., national highway system, etc., enhanced GDP growth and productivity.  US Depression Likely -The Truth Is Here ,  Coming soon to U.S., 1 million jobs lost every month: Report   ,  America Has No Means to Recover from a Depression   (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   

Previous suckers’ bear market rally on far worse than expected and particularly significant bad news provides great opportunity to sell/take profits, especially considering fraudulent wall street’s previous modus operandi to keep suckers sucked into this market and their commission dollars flowing, suckers’ rallies into the close, reassuring rallies prior to weekends as this despite unexpectedly bad news as today, etc., which frauds perpetrated the yet unprosecuted crimes that have created this current financial debacle. Record 1.33 homes in foreclosure,15 year high for unemployment at 6.7% even as many no longer looking with things so depressed and worse to come in ’09, record level deficits both trade and particularly budget with money not there being spent with abandon (worthless Weimar dollars being printed created like mad which is and will continue to be hyperinflationary regardless of the current fake reports). Motek has actor/speculator/entertainer/sometimes economist Ben Stein points to loans in foreclosure hitting new records, paulson misconduct, lack of oversight/accontability in bailout funds, and the seriousness of the crisis, but his pointed barbs seem fleeting and is most memorable by his somewhat blind adherence to policy as indicated by his criticism of Peter Shiff for warning of this debacle years ago. Motek’s oil analyst says economy so bad that oil demand down, significant recession in 2009, and hedge funds liquidating positions putting pressure on oil prices. Finally, Motek elicits from Peter Shiff that jobs created are being destroyed as fast, phony jobs, bear market and government making worse by digging deeper hole, phony (worthless Weimar) dollar rally provides opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  3 Tell Tale Signs Of This Sucker Rally  , Half-million jobs vanish as economy deteriorates (AP)  , Job losses worst since 1974  Employers cut 533K jobs in Nov., most in 34 years   ,  Late mortgage payments and foreclosures hit record  ,  1 in 10 homeowners behind on mortgage payments, or in foreclosure...   ,  Wall St financiers party like there's no tomorrow -- literally  WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It’s been wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Previous session, modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS’ BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com, having predicted the Panic of 2008 now preparing current prognostications for 2009 which will bear the consequential follow-up title to the Panic of 2008; namely, The Collapse of 2009, further stating there’s nothing they’ve done or prospectively can do to avoid the complete economic/financial collapse in the u.s., the seeds for which have already been sown, good money after bad notwithstanding, the die having been cast. All business/financial/economic news decisively bad; 26 year high for jobless rolls, orders to factories down sharply, job cuts current and prospective up sharply. Motek expert comments on auto bailout saying no new concesions with UAW cuts merely cosmetic, just down payment on failed business model/scenario, bankruptcy necessary as costs too high, and on economy says nation to go deeper into recession owing to intactable structural problems; i.e., deficits, etc.. Another Motek expert says very negative economic environment, sees deepening of more prolonged recession, discusses risk tolerance in such an environment recommending highest quality debt instruments but does note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and re-default rates on mortgages rising. Employers shedding jobs as recession deepens , AP IMPACT: Some bailout holdings down $9 billion , Governments brace for long crisis ahead , High inventory is killing home builders; industry asks for help , It's Not a Great Time to Get Into Stocks  , Long Term Investors Should Avoid Leveraged ETFs  , Fixing the Enron Economy  , US FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,  Prepare For Depression Level Unemployment  ,  Record number of Americans using food stamps: report  ,  Whether We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out Of Our Pockets  ,   Corporate Debt Protection Costs Climb Amid Depression Concern  ,  Shoppers ready to call it quits MarketWatch | More than one-third of consumers chose not to shop at all last month, except on Black Friday, according to Britt Beemer of America’s Research Group. Lawsuit claims Citigroup was running a “quasi-Ponzi scheme”  Bloomberg | Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging unmarketable collateralized debt obligations it held and re-selling them to itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously, suckers’ bear market rally into the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:  A Bleak Outlook: Nov. Job Loss at  250,000, Economic Weakness   ,  US, China currency clash over worthless american currency... ,  61% oppose auto bailout   , Meredith Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek)  ,  Desperate Times, Desperate Policies ) . One non-Motek expert says these suckers’ bear market rallies on bad news are at best wishful thinking and not sustainable along with realistically dire outlook. Motek expert says market for speculators/traders and points to volatility index while failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than now (now we see insurmountable trade/budget deficits, lack of manufacturing base, global antipathy, etc.) disavows such heavily promoted failed strategies as dollar-cost averaging where stocks prices remain artificially (now fraudulently) high for far longer periods of time than lower prices (MBA Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie., dollar-cost averaging in declining markets, but only when analysis indicates under-valuation in prospective terms which is certainly isn’t the case now of rampant over-valuation/fraud]. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.

(12-05-08)  DOW 8,625 +258 -2.65% -2.3% for the first week of December -5.8% for the month of November. -15% for the month of October NASDAQ 1,508 +63 +3.5% -5.7% for the first week of December -11% for the month of November. -17% for October  S&P 875 +30 +3.8% -1% for the first week of December -7.5% for the month of November. -18% for October [CLOSE- OIL $40.80 (RECORD TRADING HIGH $147.27) GAS $1.58 (reg. gas in LAND OF FRUITS AND NUTS  $1.79 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $765.51/ SILVER $9.53/ PLATINUM $798.80 / DOLLAR= .79 EURO, 92 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.71% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! This suckers’ bear market rally on far worse than expected and particularly significant bad news provides great opportunity to sell/take profits, especially considering fraudulent wall street’s previous modus operandi to keep suckers sucked into this market and their commission dollars flowing, suckers’ rallies into the close, reassuring rallies prior to weekends as this despite unexpectedly bad news as today, etc., which frauds perpetrated the yet unprosecuted crimes that have created this current financial debacle. Record 1.33 homes in foreclosure,15 year high for unemployment at 6.7% even as many no longer looking with things so depressed and worse to come in ’09, record level deficits both trade and particularly budget with money not there being spent with abandon (worthless Weimar dollars being printed created like mad which is and will continue to be hyperinflationary regardless of the current fake reports). Motek has actor/speculator/entertainer/sometimes economist Ben Stein points to loans in foreclosure hitting new records, paulson misconduct, lack of oversight/accontability in bailout funds, and the seriousness of the crisis, but his pointed barbs seem fleeting and is most memorable by his somewhat blind adherence to policy as indicated by his criticism of Peter Shiff for warning of this debacle years ago. Motek’s oil analyst says economy so bad that oil demand down, significant recession in 2009, and hedge funds liquidating positions putting pressure on oil prices. Finally, Motek elicits from Peter Shiff that jobs created are being destroyed as fast, phony jobs, bear market and government making worse by digging deeper hole, phony (worthless Weimar) dollar rally provides opportunity to get out with hyperinflation to come. GREAT OPPORTUNITY TO SELL INTO THIS SUCKERS’ BEAR MARKET RALLY/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  3 Tell Tale Signs Of This Sucker Rally  , Half-million jobs vanish as economy deteriorates (AP)  , Job losses worst since 1974  Employers cut 533K jobs in Nov., most in 34 years   ,  Late mortgage payments and foreclosures hit record  ,  1 in 10 homeowners behind on mortgage payments, or in foreclosure...   ,  Wall St financiers party like there's no tomorrow -- literally  WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? It’s been wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Previous session, modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS’ BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com, having predicted the Panic of 2008 now preparing current prognostications for 2009 which will bear the consequential follow-up title to the Panic of 2008; namely, The Collapse of 2009, further stating there’s nothing they’ve done or prospectively can do to avoid the complete economic/financial collapse in the u.s., the seeds for which have already been sown, good money after bad notwithstanding, the die having been cast. All business/financial/economic news decisively bad; 26 year high for jobless rolls, orders to factories down sharply, job cuts current and prospective up sharply. Motek expert comments on auto bailout saying no new concesions with UAW cuts merely cosmetic, just down payment on failed business model/scenario, bankruptcy necessary as costs too high, and on economy says nation to go deeper into recession owing to intactable structural problems; i.e., deficits, etc.. Another Motek expert says very negative economic environment, sees deepening of more prolonged recession, discusses risk tolerance in such an environment recommending highest quality debt instruments but does note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and re-default rates on mortgages rising. Employers shedding jobs as recession deepens , AP IMPACT: Some bailout holdings down $9 billion , Governments brace for long crisis ahead , High inventory is killing home builders; industry asks for help , It's Not a Great Time to Get Into Stocks  , Long Term Investors Should Avoid Leveraged ETFs  , Fixing the Enron Economy  , US FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,  Prepare For Depression Level Unemployment  ,  Record number of Americans using food stamps: report  ,  Whether We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out Of Our Pockets  ,   Corporate Debt Protection Costs Climb Amid Depression Concern  ,  Shoppers ready to call it quits MarketWatch | More than one-third of consumers chose not to shop at all last month, except on Black Friday, according to Britt Beemer of America’s Research Group. Lawsuit claims Citigroup was running a “quasi-Ponzi scheme”  Bloomberg | Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging unmarketable collateralized debt obligations it held and re-selling them to itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously, suckers’ bear market rally into the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:  A Bleak Outlook: Nov. Job Loss at  250,000, Economic Weakness   ,  US, China currency clash over worthless american currency... ,  61% oppose auto bailout   , Meredith Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek)  ,  Desperate Times, Desperate Policies ) . One non-Motek expert says these suckers’ bear market rallies on bad news are at best wishful thinking and not sustainable along with realistically dire outlook. Motek expert says market for speculators/traders and points to volatility index while failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than now (now we see insurmountable trade/budget deficits, lack of manufacturing base, global antipathy, etc.) disavows such heavily promoted failed strategies as dollar-cost averaging where stocks prices remain artificially (now fraudulently) high for far longer periods of time than lower prices (MBA Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie., dollar-cost averaging in declining markets, but only when analysis indicates under-valuation in prospective terms which is certainly isn’t the case now of rampant over-valuation/fraud]. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000  

(12-04-08)  DOW 8,376.24 -215.45 -2.51% -5.8% for the month of November. -15% for the month of October NASDAQ 1,445.56 -46.82 –3.1% -11% for the month of November. -17% for October  S&P 845.22 –25.52 –2.9% -7.5% for the month of November. -18% for October [CLOSE- OIL $43.67 (RECORD TRADING HIGH $147.27) GAS $1.79 (reg. gas in LAND OF FRUITS AND NUTS  $1.93 REG./ $2.38 MID-GRADE/ $2.65 PREM./ $2.35 DIESEL)/ GOLD $765.51/ SILVER $9.53/ PLATINUM $798.80 / DOLLAR= .79 EURO, 92 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.55% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Modest declines relative to reality SO STILL GREAT OPPORTUNITY TO SELL INTO SUCKERS’ BEAR MARKET RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME. CELENTE OF trendsresearch.com, having predicted the Panic of 2008 now preparing current prognostications for 2009 which will bear the consequential follow-up title to the Panic of 2008; namely, The Collapse of 2009, further stating there’s nothing they’ve done or prospectively can do to avoid the complete economic/financial collapse in the u.s., the seeds for which have already been sown, good money after bad notwithstanding, the die having been cast. All business/financial/economic news decisively bad; 26 year high for jobless rolls, orders to factories down sharply, job cuts current and prospective up sharply. Motek expert comments on auto bailout saying no new concesions with UAW cuts merely cosmetic, just down payment on failed business model/scenario, bankruptcy necessary as costs too high, and on economy says nation to go deeper into recession owing to intactable structural problems; i.e., deficits, etc.. Another Motek expert says very negative economic environment, sees deepening of more prolonged recession, discusses risk tolerance in such an environment recommending highest quality debt instruments but does note risk premium in lesser quality instruments. Food stamp use up 17% to 1 in 10 citizens, bankruptcies soaring, and re-default rates on mortgages rising. Employers shedding jobs as recession deepens , AP IMPACT: Some bailout holdings down $9 billion , Governments brace for long crisis ahead , High inventory is killing home builders; industry asks for help , It's Not a Great Time to Get Into Stocks  , Long Term Investors Should Avoid Leveraged ETFs  , Fixing the Enron Economy  , US FEDERAL RESERVE to buy US DEBT? WITH WHAT? ,  Prepare For Depression Level Unemployment  ,  Record number of Americans using food stamps: report  ,  Whether We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out Of Our Pockets  ,   Corporate Debt Protection Costs Climb Amid Depression Concern  ,  Shoppers ready to call it quits MarketWatch | More than one-third of consumers chose not to shop at all last month, except on Black Friday, according to Britt Beemer of America’s Research Group. Lawsuit claims Citigroup was running a “quasi-Ponzi scheme”  Bloomberg | Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging unmarketable collateralized debt obligations it held and re-selling them to itself in order to hide its exposure to the securities. WHERE ARE THE CRIMINAL PROSECUTIONS AND DISGORGEMENT? Previously, suckers’ bear market rally into the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:  A Bleak Outlook: Nov. Job Loss at  250,000, Economic Weakness   ,  US, China currency clash over worthless american currency... ,  61% oppose auto bailout   , Meredith Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek)  ,  Desperate Times, Desperate Policies ) . One non-Motek expert says these suckers’ bear market rallies on bad news are at best wishful thinking and not sustainable along with realistically dire outlook. Motek expert says market for speculators/traders and points to volatility index while failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than now (now we see insurmountable trade/budget deficits, lack of manufacturing base, global antipathy, etc.) disavows such heavily promoted failed strategies as dollar-cost averaging where stocks prices remain artificially (now fraudulently) high for far longer periods of time than lower prices (MBA Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie., dollar-cost averaging in declining markets, but only when analysis indicates under-valuation in prospective terms which is certainly isn’t the case now of rampant over-valuation/fraud]. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000  , Auditors Fault Oversight of Bailout Funds...

(12-03-08)  DOW 8,591.69 +172.60 +2% -5.8% for the month of November. -15% for the month of October NASDAQ 1,492.38 +42.58 +2.8% -11% for the month of November. -17% for October  S&P 870.74 +21.93 +2% 848.81 +32.60 +3.99% -7.5% for the month of November. -18% for October [CLOSE- OIL $46.79 (RECORD TRADING HIGH $147.27) GAS $1.95 (reg. gas in LAND OF FRUITS AND NUTS  $2.03 REG./ $2.65 MID-GRADE/ $2.95 PREM./ $2.58 DIESEL)/ GOLD $770.51/ SILVER $9.58/ PLATINUM $795 / DOLLAR= .79 EURO, 92 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.65% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous!  Again, suckers’ bear market rally into the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:  A Bleak Outlook: Nov. Job Loss at  250,000, Economic Weakness   ,  US, China currency clash over worthless american currency... ,  61% oppose auto bailout   , Meredith Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek)  ,  Desperate Times, Desperate Policies ) . One non-Motek expert says these suckers’ bear market rallies on bad news are at best wishful thinking and not sustainable with realistically dire outlook. Motek expert says market for speculators/traders and points to volatility index while failing to point out that there are very, very few successful traders. [Close inspection of the data in past times far better than now (now we see insurmountable trade/budget deficits, lack of manufacturing base, global antipathy, etc.) disavows such heavily promoted failed strategies as dollar-cost averaging where stocks prices remain artificially (now fraudulently) high for far longer periods of time than lower prices (MBA Thesis, Albert L. Peia, NYU GBA, 1977), limited exceptions being ie., dollar-cost averaging in declining markets, but only when analysis indicates under-valuation in prospective terms which is certainly isn’t the case now of rampant over-valuation/fraud]. (Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which MUST be examined in light of computerization and decreased costs attendant to same especially since only AN EXTREMELY Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades).  Moreover, the ballooning taxpayer bailout funds for the perpetrators of the massive securities fraud are actually going toward multibillion dollar bonus/compensation packages. . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000  , Auditors Fault Oversight of Bailout Funds... Previous suckers’ bear market rally in the last minutes of the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: GE lowers guidance but maintains dividend ,  November US auto sales drop to 26-year low  , Data signal deep global downturn  Financial Times , US manufacturing hits 26-year low: ISM . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000  

(12-02-08)  DOW 8,419.09 +270.00 +3.31% -5.8% for the month of November. -15% for the month of October NASDAQ 1,449.80 +51.73 +3.70% -11% for the month of November. -17% for October 848.81 +32.60 +3.99% -7.5% for the month of November. -18% for October [CLOSE- OIL $47.42 (RECORD TRADING HIGH $147.27) GAS $1.95 (reg. gas in LAND OF FRUITS AND NUTS  $2.03 REG./ $2.65 MID-GRADE/ $2.95 PREM./ $2.58 DIESEL)/ GOLD $776/ SILVER $9.53/ PLATINUM $809 / DOLLAR= .78 EURO, 93 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.69% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Suckers’ bear market rally in the last minutes of the close on bad news with wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away. Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad: GE lowers guidance but maintains dividend ,  November US auto sales drop to 26-year low  , Data signal deep global downturn  Financial Times , US manufacturing hits 26-year low: ISM . How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.,  so SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 848)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000  , Auditors Fault Oversight of Bailout Funds... , Governors to Seek Up to $100B in Social Aid...  ,
Feds to expand rescue; reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs 'exit strategy'...  ,  Metal prices fall further than during Great Depression...  , they’re printing and spending worthless Weimar dollars and taxpayer funds like mad because they are mad as in crazy, incompetent, etc.. Previous session sees modest drop relative to reality [SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME], particularly when you factor in the reality that the prior 5 day rally of 1,300 points into the last trading week of the month (much like the end of the prior month) based on bull s**t alone was a typical fraudulent wall street programmed trade fraud to window dress the monthly numbers and keep suckers sucked in (and besides, they’ll get their commissions again on the way down). Upon the formal announcement that we’ve been in recession since DECEMBER, 2007 I was waiting for Amy Poehler of SNL Weekend Update to say, “REALLY!” [this site has reported/predicted this (these) debacle (s) for far longer and in advance of same, including this recession/depression]. The protracted reluctance (election year expedience) for some to use the R(ecession) word, spun in the most positive way is to say it is because this scenario is far worse than even would befit the D(epression) word in light of the fact that the u.s. like never before in its relatively short history is broke in every way. If you’ve been suckered, it’s not all your fault inasmuch as the enablers (politicians, economists, financial experts, news/media, etc., in receipt of substantial largesse from and) of these vegetable garden (poison ivy league schools, these “elite” clubs/frats, etc.) products (vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and as in the case of wall street, criminal frauds) are similarly incompetent, corrupt/venal. After all, how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Motek’s expert cites retail liquidation prices (none to minimal profits, at best), inevitable GM bankruptcy, fed programs done with money out the door to little or no effect and now talking new programs…riiiiight…or, with rate at 1%, more rate cuts…riiiiight, big shake-out to come, credit-card co’s to pull back $2 trillion to survive what’s coming, retailers with big real estate exposure bust, and market will test lows then break through said lows to the downside. There was in addition to the ‘recession’ announcement more dismal news with construction down 1.2% and the supply/management manufacturing index at 26 year lows. I derive no pleasure in being a harbinger of bad but true news but reiterate SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THESE ARE GREAT OPPORTUNITIES TO SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME!

(12-01-08)  DOW 8,149.09 -679.95 -7.70% -5.8% for the month of November. -15% for the month of October NASDAQ 1,398.07 -137.50 -8.95% -11% for the month of November. -17% for October S&P 816.21 -80.03 -8.93% -7.5% for the month of November. -18% for October [CLOSE- OIL $49.29 (RECORD TRADING HIGH $147.27) GAS $1.95 (reg. gas in LAND OF FRUITS AND NUTS  $2.13 REG./ $2.65 MID-GRADE/ $2.95 PREM./ $2.58 DIESEL)/ GOLD $776.80/ SILVER $9.38/ PLATINUM $809.90/ DOLLAR= .78 EURO, 93 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.72% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Modest drop relative to reality [SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME], particularly when you factor in the reality that the prior 5 day rally of 1,300 points into the last trading week of the month (much like the end of the prior month) based on bull s**t alone was a typical fraudulent wall street programmed trade fraud to window dress the monthly numbers and keep suckers sucked in (and besides, they’ll get their commissions again on the way down). Upon the formal announcement that we’ve been in recession since DECEMBER, 2007 I was waiting for Amy Poehler of SNL Weekend Update to say, “REALLY!” [this site has reported/predicted this (these) debacle (s) for far longer and in advance of same]. The protracted reluctance for some to use the R(ecession) word, spun in the most positive way is to say it is because this scenario is far worse than even would befit the D(epression) word in light of the fact that the u.s. like never before in its relatively short history is broke in every way. If you’ve been suckered, it’s not all your fault inasmuch as the enablers (politicians, economists, financial experts, news/media, etc., in receipt of substantial largesse from and) of these vegetable garden (poison ivy league schools, these “elite” clubs/frats, etc.) products (vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and as in the case of wall street, criminal frauds) are similarly incompetent, corrupt/venal. After all, how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, especially since none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved; and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc.. Motek’s expert cites retail liquidation prices (none to minimal profits, at best), inevitable GM bankruptcy, fed programs done with money out the door to little or no effect and now talking new programs…riiiiight…or, with rate at 1%, more rate cuts…riiiiight, big shake-out to come, credit-card co’s to pull back $2 trillion to survive what’s coming, retailers with big real estate exposure bust, and market will test lows then break through said lows to the downside. There was in addition to the ‘recession’ announcement more dismal news with construction down 1.2% and the supply/management manufacturing index at 26 year lows. I derive no pleasure in being a harbinger of bad but true news but reiterate SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THESE ARE STILL GREAT OPPORTUNITIES TO SELL/TAKE PROFITS SINCE MUCH, MUCH WORSE TO COME.  Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , IT’S A DEPRESSION   , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 816)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   Dow plunges on news recession began in Dec. 2007 (AP)  , Down we go again: Fourth-worst drop ever for Dow  , Recession declared; Wall Street tanks  , Fourth-worst drop ever for Dow AP… as wall street snapped out of its daydream of a rally and once again faced the harsh reality…  Report Concludes Recession Began A Year Ago | But the White House and the corporate media consistently continued to state otherwise.

 

(11-28-08)  DOW 8,829.04 +102.43 +1.17% -5.8% for the month of November. -15% for the month of October NASDAQ 1,535.57 +3.47 +0.23% -11% for the month of November. -17% for October S&P 896.24 +8.56 +0.96% -7.5% for the month of November. -18% for October [CLOSE- OIL $51 (RECORD TRADING HIGH $147.27) GAS $2.05 (reg. gas in LAND OF FRUITS AND NUTS  $2.20 REG./ $3.05 MID-GRADE/ $3.26 PREM./ $3.05 DIESEL)/ GOLD $816.20/ SILVER $10.22/ PLATINUM $882.45/ DOLLAR= .77 EURO, 95 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 2.93% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! This suckers’ bear market ralley remains an especially great opportunity to sell/take profits while you still can since much, much worse to come (sell into purported strength which is just more bull s**t for prospective churn and earn fraud – they’ll get those commissions again on the way down) IMF economist says worst of crisis to come: paper  'Crisis Only Just Beginning': Crisis/Video  Right About the Crash, Peter Schiff Sees Much More Pain Ahead   and this suckers’ bear market rally was based upon nothing related factually to finance/economics/business. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME.  Indeed, all news still realistically and decisively (and some deceptively otherwise spun to keep suckers suckered) bad:  Biggest runnup in stock prices since 1932 and most know what happened to stock prices for over a decade thereafter (and america was not broke in every way as now), Ghost malls cropping up with retail closures/bankruptcies, as predicted by trendsresearch.com [CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.”] , Motek expert from the land of fruits and nuts, the senile wedbush (if you had listened to his prior prognostications/recommendations several months ago said suckers might be wiped out by this day) lauds the bailouts (money u.s. doesn’t really have and taxpayer money the frauds shouldn’t get) and the b.s. talking points thereby but says workout much longer, while retail expert points to liquidation prices (but fails to even mention lack of profits thereby), and poverty now spreading to suburbs. Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim. Citigroup Should Be Held Accountable Bloomberg Food Prices Will Rise, Causing Export Bans, Riots Bloomberg Rubin Clones and Other Fakers: The Obama “Dream Team”  Citigroup says gold could rise above $2,000 next year as world unravels US debt triggered global crisis ‘Encouraged by a wicked wizard, Greenspan, Bernanke toils at his Weimar dollar printing press’ . Consumer spending down (-1%), consumer sentiment down, durable goods orders down (-6%), home sales/prices down to new lows and high supplies, yet suckers’ bear market market rally of 400+ points into the close nostalgically based (which got investors burned in the past) on bull s**t alone (i.e., more bureaucrats on more painels as per President-elect, etc.) and the so-called thanksgiving holiday rally. $600 billion plan to support housing lending ultimately hyperinflationary. New unemployment claims at recession level 529,000 for the week ended Nov. 22 yet unbelievably lower than private economist estimates. October durable goods orders plunged by a larger-than-expected amount, Chicago manufacturing in November contracted the most since 1982 according to a regional survey, and consumer confidence dropped to a 28 year low in November, according to the University of Michigan. One Motek expert in a nearly senile market moment cites pleasant market surprise (reality dictates otherwise) but in a lucid moment concedes lengthy period to work out (substantial) problems, while another expert (currencies) cautions the unintended consequences of  creating/printing/flooding the markets with worthless (Weimar) dollars (a policy choice of inflation over fear of deflation) and the dollar devaluation and ultimately hyperinflationary effects thereof. FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe? (at Seeking Alpha)  ,  Consumers cut spending , Stocks on win streak amid more bad economic news ,  Cisco plans 4-day shutdown to cut costs  , October home sales fall sharply (Reuters) . The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain, will continue to remain, and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO GREAT OPPORTUNITY TO SELL/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Federal deficit could hit $1 trillion this year  ,   FDIC's list of 'problem' banks swells to 171 (AP) , Dollar falls on realistically discouraging u.s. economic data (AP) 

(11-26-08)  DOW 8,726.61 +247.14 +2.91% -5.3% for third week Nov.  -5% for second week Nov.  -4% for first week Nov. -15% for the month of October NASDAQ 1,532.10 +67.37 +4.60% -9% for third week Nov.  4.2% for second week Nov.  -4% for first week Nov.  -17% for October S&P 887.68 +30.29 +3.53% -8.3% for third week Nov.  -6% for second week Nov.  -4% for first week Nov. -18% for October [CLOSE- OIL $54.44 (RECORD TRADING HIGH $147.27) GAS $2.20 (reg. gas in LAND OF FRUITS AND NUTS  $2.22 REG./ $3.05 MID-GRADE/ $3.26 PREM./ $3.05 DIESEL)/ GOLD $808.65/ SILVER $10.22/ PLATINUM $869.65/ DOLLAR= .77 EURO, 95 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.00% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! This remains an especially great opportunity to sell/take profits since much, much worse to come IMF economist says worst of crisis to come: paper  'Crisis Only Just Beginning': Crisis/Video  Right About the Crash, Peter Schiff Sees Much More Pain Ahead   and this suckers’ bear market rally was based upon nothing related factually to finance/economics/business.  Indeed, all news decisively bad:  Consumer spending down (-1%), consumer sentiment down, durable goods orders down (-6%), home sales/prices down to new lows and high supplies, yet suckers’ bear market market rally of 400+ points into the close nostalgically based (which got investors burned in the past) on bull s**t alone (i.e., more bureaucrats on more painels as per President-elect, etc.) and the so-called thanksgiving holiday rally. $600 billion plan to support housing lending ultimately hyperinflationary. New unemployment claims at recession level 529,000 for the week ended Nov. 22 yet unbelievably lower than private economist estimates. October durable goods orders plunged by a larger-than-expected amount, Chicago manufacturing in November contracted the most since 1982 according to a regional survey, and consumer confidence dropped to a 28 year low in November, according to the University of Michigan. One Motek expert in a nearly senile market moment cites pleasant market surprise (reality dictates otherwise) but in a lucid moment concedes lengthy period to work out (substantial) problems, while another expert (currencies) cautions the unintended consequences of  creating/printing/flooding the markets with worthless (Weimar) dollars (a policy choice of inflation over fear of deflation) and the dollar devaluation and ultimately hyperinflationary effects thereof. FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe? (at Seeking Alpha)  ,  Consumers cut spending , Stocks on win streak amid more bad economic news ,  Cisco plans 4-day shutdown to cut costs  , October home sales fall sharply (Reuters) . The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain, will continue to remain, and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO GREAT OPPORTUNITY TO SELL/TAKE PROFITS WHILE YOU CAN SINCE MUCH, MUCH WORSE TO COME.  Federal deficit could hit $1 trillion this year  ,   FDIC's list of 'problem' banks swells to 171 (AP) , Dollar falls on realistically discouraging u.s. economic data (AP)  , Third quarter real GDP was revised to a 0.5% annual rate of decline from a previously reported 0.3% rate which had rallied stocks and, only in the fraudulent world of wall street, rallied stocks again though worse than expected Economy shrinks at fastest pace in seven years, Third quarter personal consumption expenditures were revised to a worse than expected -3.7% from -3.1%, which rallied stocks ….. riiiiight! ,  Consumer confidence remains at an extremely depressed state despite fake numbers ,The S&P/Case-Shiller Home Price Index of 20 US cities fell 17.4% year over year — most on record.      'Crisis Only Just Beginning': Crisis/Video  Right About the Crash, Peter Schiff Sees More Pain Ahead    Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees Much More Pain Ahead   VIDEO   Previously, from the outset the wall street frauds were again determined to keep the suckers suckered with a near 500 point rally into the close. Existing home sales down 3.1% and much worse than expected. Motek’s expert Peter Shiff correctly points out that the so-called policy-makers, economists, etc., don’t know what they’re doing, that they can’t borrow (or print worthless Weimar dollars) and spend (money they don’t have) their way out of this debacle, that the bailout funds are merely providing undue bonuses/compensation for failed (and fraudulent) performance, that crisis will be exascerbated with (unavoidable) hyperinflation (inevitable thereby owing to crashing/worthless Weimar dollar) and ultimately even deeper/worse/more protracted economic decline, that auto industry is over-paid (especially relative to competition, legacy/pension costs, etc.), and importantly, the government has no money so they either have to borrow or print same which will make the economy much worse. Cost of Bankster Bait and Switch Now $7.4 Trillion  Another expert says quick bankruptcies would have been the preferred course for optimal results, while another emphasizes quite correctly that the so-called experts/team now cheered (wall street frauds’ b.s. talking/rallying point) are those whose experience is having created the very problems they are now called upon to solve (hence, cover-ups, etc., but ineffectual). [Good management dictates that a clean sweep was warranted]. Realize that the products of the vegetable gardens (the poison ivy league schools producing these vegetables) are vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and in the case of wall street, criminal frauds enabled thereby.   Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup Bank “Nationalization” ] over the weekend. Obama’s Economic Foxes To Guard Financial Henhouse Today President elect Obama officially introduces his economic team to the world. What many may fail to recognize however is the fact that those tasked with rescuing the economy are the very people who helped create the financial crisis in the first instance. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says worst of crisis to come: paper . Previous, suckers’ bear market rally was based upon nothing whatsoever relevant to finance/economics/business , yet again the wall street frauds were determined to keep the suckers suckered through the weekend with a near 600 point rally into the close. All news was decisively bad Federal regulators shut 2 California thrifts and though looking for a reason to rally, they found none because there are none HU: World economic situation 'grim'... , based on valuation and prospective substantial deterioration in economic conditions exascerbated by their massive fraud; but the invented reason for the suckers’ rally was the appointment of Geithner, a quintessential bureaucrat ultimately dependant upon other bureaucrats who are dependant upon the very corrupt monied interests/frauds (and their lobbyists) who created (through their crimes) the current financial crisis. Moreover, as head of the N.Y. Fed he is no stranger to cover-ups/bailouts in light of the missing/unaccounted for $4+ TRILLION at the N.Y. Fed $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 852)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000  The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Leading economic indicators fall again a more than expected .8%, new claims for unemployment a high more than expected 542,000 while continuing claims at 4,000,000 a 16 year high and more than expected, Philly Fed Index down to a worse than expected –39. Jobless Claims Hit 16-Year High, Above Forecast   Congress extends jobless benefits; stocks fall 400  World stocks down amid reality of deep recession (AP) CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come.  Previous session, modest losses relative to reality to keep the suckers’ suckered especially in light of grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come.

(11-25-08)  DOW 8,479.47 +36.08 +0.43% -5.3% for third week Nov.  -5% for second week Nov.  -4% for first week Nov. -15% for the month of October NASDAQ 1,464.73 -7.29 -0.50% -9% for third week Nov.  4.2% for second week Nov.  -4% for first week Nov.  -17% for October S&P 857.39 +5.58 +0.66% -8.3% for third week Nov.  -6% for second week Nov.  -4% for first week Nov. -18% for October [CLOSE- OIL $51 (RECORD TRADING HIGH $147.27) GAS $2.20 (reg. gas in LAND OF FRUITS AND NUTS  $2.22 REG./ $3.05 MID-GRADE/ $3.26 PREM./ $3.05 DIESEL)/ GOLD $823.74/ SILVER $10.65/ PLATINUM $871.51/ DOLLAR= .76 EURO, 95 YEN, .64 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.08% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! This remains an especially great opportunity to sell/take profits since much, much worse to come IMF economist says worst of crisis to come: paper  'Crisis Only Just Beginning': Crisis/Video  Right About the Crash, Peter Schiff Sees Much More Pain Ahead   and this suckers’ bear market rally was based upon nothing related factually to finance/economics/business.  Indeed, all news decisively bad:  Federal deficit could hit $1 trillion this year  ,   FDIC's list of 'problem' banks swells to 171 (AP) , Dollar falls on realistically discouraging u.s. economic data (AP)  , Third quarter real GDP was revised to a 0.5% annual rate of decline from a previously reported 0.3% rate which had rallied stocks and, only in the fraudulent world of wall street, rallied stocks again though worse than expected Economy shrinks at fastest pace in seven years, Third quarter personal consumption expenditures were revised to a worse than expected -3.7% from -3.1%, which rallied stocks ….. riiiiight! ,  Consumer confidence remains at an extremely depressed state despite fake numbers ,The S&P/Case-Shiller Home Price Index of 20 US cities fell 17.4% year over year — most on record.      'Crisis Only Just Beginning': Crisis/Video  Right About the Crash, Peter Schiff Sees More Pain Ahead    Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees Much More Pain Ahead   VIDEO   Previously, from the outset the wall street frauds were again determined to keep the suckers suckered with a near 500 point rally into the close. Existing home sales down 3.1% and much worse than expected. Motek’s expert Peter Shiff correctly points out that the so-called policy-makers, economists, etc., don’t know what they’re doing, that they can’t borrow (or print worthless Weimar dollars) and spend (money they don’t have) their way out of this debacle, that the bailout funds are merely providing undue bonuses/compensation for failed (and fraudulent) performance, that crisis will be exascerbated with (unavoidable) hyperinflation (inevitable thereby owing to crashing/worthless Weimar dollar) and ultimately even deeper/worse/more protracted economic decline, that auto industry is over-paid (especially relative to competition, legacy/pension costs, etc.), and importantly, the government has no money so they either have to borrow or print same which will make the economy much worse. Cost of Bankster Bait and Switch Now $7.4 Trillion  Another expert says quick bankruptcies would have been the preferred course for optimal results, while another emphasizes quite correctly that the so-called experts/team now cheered (wall street frauds’ b.s. talking/rallying point) are those whose experience is having created the very problems they are now called upon to solve (hence, cover-ups, etc., but ineffectual). [Good management dictates that a clean sweep was warranted]. Realize that the products of the vegetable gardens (the poison ivy league schools producing these vegetables) are vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and in the case of wall street, criminal frauds enabled thereby.   Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup Bank “Nationalization” ] over the weekend. Obama’s Economic Foxes To Guard Financial Henhouse Today President elect Obama officially introduces his economic team to the world. What many may fail to recognize however is the fact that those tasked with rescuing the economy are the very people who helped create the financial crisis in the first instance. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME

(11-24-08)  DOW 8,443.39 +396.97 +4.93% -5.3% for third week Nov.  -5% for second week Nov.  -4% for first week Nov. -15% for the month of October NASDAQ 1,384.35 +68.23 +5.18% -9% for third week Nov.  4.2% for second week Nov.  -4% for first week Nov.  -17% for October S&P 800.03 +47.59 +6.32% -8.3% for third week Nov.  -6% for second week Nov.  -4% for first week Nov. -18% for October [CLOSE- OIL $54.51 (RECORD TRADING HIGH $147.27) GAS $2.20 (reg. gas in LAND OF FRUITS AND NUTS  $2.22 REG./ $3.05 MID-GRADE/ $3.26 PREM./ $3.05 DIESEL)/ GOLD $823.74/ SILVER $10.65/ PLATINUM $875/ DOLLAR= .77 EURO, 96 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.35% ..…     AP Business Highlights …           ...Yahoo Market Update... ]

Absolutely, Absurdly, Ridiculous! This is an especially great an opportunity to sell/take profits as you will see since much, much worse to come IMF economist says worst of crisis to come: paper and this suckers’ bear market rally was based upon nothing whatsoever relevant to finance/economics/business. 'Crisis Only Just Beginning': Crisis/Video  Right About the Crash, Peter Schiff Sees More Pain Ahead    Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees Much More Pain Ahead   VIDEO  , yet from the outset the wall street frauds were again determined to keep the suckers suckered with a near 500 point rally into the close. Existing home sales down 3.1% and much worse than expected. Motek’s expert Peter Shiff correctly points out that the so-called policy-makers, economists, etc., don’t know what they’re doing, that they can’t borrow (or print worthless Weimar dollars) and spend (money they don’t have) their way out of this debacle, that the bailout funds are merely providing undue bonuses/compensation for failed (and fraudulent) performance, that crisis will be exascerbated with (unavoidable) hyperinflation (inevitable thereby owing to crashing/worthless Weimar dollar) and ultimately even deeper/worse/more protracted economic decline, that auto industry is over-paid (especially relative to competition, legacy/pension costs, etc.), and importantly, the government has no money so they either have to borrow or print same which will make the economy much worse. Cost of Bankster Bait and Switch Now $7.4 Trillion  Another expert says quick bankruptcies would have been the preferred course for optimal results, while another emphasizes quite correctly that the so-called experts/team now cheered (wall street frauds’ b.s. talking/rallying point) are those whose experience is having created the very problems they are now called upon to solve (hence, cover-ups, etc., but ineffectual). [Good management dictates that a clean sweep was warranted]. Realize that the products of the vegetable gardens (the poison ivy league schools producing these vegetables) are vegetables who not only have never done anything requiring skills or measurable results, but merely are master bull s**t artists and in the case of wall street, criminal frauds enabled thereby.   Downey Savings taken over by regulators [ Colossal Financial Collapse: The Truth behind the Citigroup Bank “Nationalization” ] over the weekend. Obama’s Economic Foxes To Guard Financial Henhouse Today President elect Obama officially introduces his economic team to the world. What many may fail to recognize however is the fact that those tasked with rescuing the economy are the very people who helped create the financial crisis in the first instance. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., SO SELL INTO RALLIES/STRENGTH/TAKE PROFITS WHILE YOU CAN AS THIS IS AS GREAT AN OPPORTUNITY TO SELL/TAKE PROFITS AS YOU WILL SEE SINCE MUCH, MUCH WORSE TO COME. IMF economist says worst of crisis to come: paper .

(11-21-08)  DOW 8,046.42 +494.13 +6.54% -5.3% for third week Nov.  -5% for second week Nov.  -4% for first week Nov. -15% for the month of October NASDAQ 1,384.35 +68.23 +5.18% -9% for third week Nov.  4.2% for second week Nov.  -4% for first week Nov.  -17% for October S&P 800.03 +47.59 +6.32% -8.3% for third week Nov.  -6% for second week Nov.  -4% for first week Nov. -18% for October [CLOSE- OIL $49.93 (RECORD TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS  $2.38 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $748/ SILVER $9.03/ PLATINUM $803/ DOLLAR= .79 EURO, 95 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.23% ..…     AP Business Highlights …           ...Yahoo Market Update... ]
This is as great an opportunity to sell/take profits as you will see since much, much worse to come IMF economist says worst of crisis to come: paper and this suckers’ bear market rally was based upon nothing whatsoever relevant to finance/economics/business, yet from the outset the wall street frauds were determined to keep the suckers suckered through the weekend with a near 600 point rally into the close. All news was decisively bad Federal regulators shut 2 California thrifts and though looking for a reason to rally, they found none because there are none HU: World economic situation 'grim'... , based on valuation and prospective substantial deterioration in economic conditions exascerbated by their massive fraud; but the invented reason for the suckers’ rally was the appointment of Geithner, a quintessential bureaucrat ultimately dependant upon other bureaucrats who are dependant upon the very corrupt monied interests/frauds (and their lobbyists) who created (through their crimes) the current financial crisis. Moreover, as head of the N.Y. Fed he is no stranger to cover-ups/bailouts in light of the missing/unaccounted for $4+ TRILLION at the N.Y. Fed $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed. Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 852)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000  The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Leading economic indicators fall again a more than expected .8%, new claims for unemployment a high more than expected 542,000 while continuing claims at 4,000,000 a 16 year high and more than expected, Philly Fed Index down to a worse than expected –39. Jobless Claims Hit 16-Year High, Above Forecast   Congress extends jobless benefits; stocks fall 400  World stocks down amid reality of deep recession (AP) CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can but sell since much, much worse to come.

(11-20-08)  DOW 7,552.29 -444.99 -5.56% -5% for second week Nov.  -4% for first week Nov. -15% for the month of October NASDAQ 1,316.12 -70.30 -5.07% -4.2% for second week Nov.  -4% for first week Nov.  -17% for October S&P 752.44 -54.14 -6.71% -6% for second week Nov.  -4% for first week Nov. -18% for October [CLOSE- OIL $49.62 (RECORD TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS  $2.38 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $748/ SILVER $9.03/ PLATINUM $803/ DOLLAR= .80 EURO, 94 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.00% ..…     AP Business Highlights …           ...Yahoo Market Update... ]
Still modest losses relative to reality to keep the suckers’ suckered especially in light of grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. Leading economic indicators fall again a more than expected .8%, new claims for unemployment a high more than expected 542,000 while continuing claims at 4,000,000 a 16 year high and more than expected, Philly Fed Index down to a worse than expected –39. Jobless Claims Hit 16-Year High, Above Forecast   Congress extends jobless benefits; stocks fall 400  World stocks down amid reality of deep recession (AP) CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come.  Previous session, modest losses relative to reality to keep the suckers’ suckered especially in light of grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. Housing starts down a record 38%, building permits down 14.5%, and outlook grim. Motek’s expert discusses 30 reasons for Great Depression 2 by 2011 citing completion of first wave of the meltdown-dot.com bust, second wave-sub-prime debacle, and the on-going climactic financial/economic meltdown pointing to the 42,000 lobbyists, autos, etc., saying they just don’t get it, while another expert analyst says new lows across the board having broken through support levels. Motek’s p.r. expert says auto execs flying to d.c. in private jets to beg for taxpayer money bespeaks their stupidity, and his travel expert discusses the newly value-conscious consumer. Fed sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s. suckers’ bear market rallies based upon nothing at all but reality says with only a point to zero and much worse to come is just plain b**l s**t . Deflation: Here, Now I’ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation. Well, deflation is here.“Slush fund” … “Banana Republic” … “Keystone Kops.” Technical Economic Indicators Worsening Again Deflation: Here, Now I’ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation  Previous suckers’ bear market rally into the close with 300+ point swing to the upside [wall street frauds’ nirvana commissioning a huge decline then a huge incline just a program loop, button push, mouse click away] into the close to keep the suckers suckered as the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Homebuilder reality-based sentiment index plunges to record low  Economy so bad commodity prices plunge along with PPI.  Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 859)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Forecasters: U.S. in at least, unrealistically optimistically, minimum 14 month recession  The Great Depression of the 21st Century: Collapse of the Real Economy   “The Dollar Standard Is Coming To An End”  Financial Crisis Tab Already In The Trillions...   Busted in Washington  Housing starts expected to hit half-century low   Washington is Powerless to Stop the Coming Economic Depression    Whitehead sees slump worse than Depression   Dollar’s Days Numbered, Buy Commodities: Jim Rogers    America’s economic crisis is beyond the reach of traditional solutions   U.S. Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ), (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months ), (Soros says deep recession inevitable, depression likely ), CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come!

(11-19-08)  DOW 7,997.28 -427.47 -5.07% -5% for second week Nov.  -4% for first week Nov. -15% for the month of October NASDAQ 1,386.42 -96.85 -6.53% -4.2% for second week Nov.  -4% for first week Nov.  -17% for October S&P 806.58 -52.54 -6.12% -6% for second week Nov.  -4% for first week Nov. -18% for October [CLOSE- OIL $53.62 (RECORD TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS  $2.38 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $764.80/ SILVER $9.31/ PLATINUM $823.70/ DOLLAR= .79 EURO, 95 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.35% ..…     AP Business Highlights …           ...Yahoo Market Update... ]
Only modest losses relative to reality to keep the suckers’ suckered especially in light of grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. Housing starts down a record 38%, building permits down 14.5%, and outlook grim. Motek’s expert discusses 30 reasons for Great Depression 2 by 2011 citing completion of first wave of the meltdown-dot.com bust, second wave-sub-prime debacle, and the on-going climactic financial/economic meltdown pointing to the 42,000 lobbyists, autos, etc., saying they just don’t get it, while another expert analyst says new lows across the board having broken through support levels. Motek’s p.r. expert says auto execs flying to d.c. in private jets to beg for taxpayer money bespeaks their stupidity, and his travel expert discusses the newly value-conscious consumer. Fed sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s. suckers’ bear market rallies based upon nothing at all but reality says with only a point to zero and much worse to come is just plain b**l s**t . Deflation: Here, Now I’ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation. Well, deflation is here.“Slush fund” … “Banana Republic” … “Keystone Kops.” Technical Economic Indicators Worsening Again Deflation: Here, Now I’ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation  Previous suckers’ bear market rally into the close with 300+ point swing to the upside [wall street frauds’ nirvana commissioning a huge decline then a huge incline just a program loop, button push, mouse click away] into the close to keep the suckers suckered as the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Homebuilder reality-based sentiment index plunges to record low  Economy so bad commodity prices plunge along with PPI.  Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 859)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Forecasters: U.S. in at least, unrealistically optimistically, minimum 14 month recession  The Great Depression of the 21st Century: Collapse of the Real Economy   “The Dollar Standard Is Coming To An End”  Financial Crisis Tab Already In The Trillions...   Busted in Washington  Housing starts expected to hit half-century low   Washington is Powerless to Stop the Coming Economic Depression    Whitehead sees slump worse than Depression   Dollar’s Days Numbered, Buy Commodities: Jim Rogers    America’s economic crisis is beyond the reach of traditional solutions   U.S. Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ), (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months ), (Soros says deep recession inevitable, depression likely ), CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come.

(11-18-08)  DOW 8,424.75 +151.17 +1.83% -5% for second week Nov.  -4% for first week Nov. -15% for the month of October NASDAQ 1,483.27 +1.22 +0.08% -4.2% for second week Nov.  -4% for first week Nov.  -17% for October S&P 859.12 +8.37 +0.98% -6% for second week Nov.  -4% for first week Nov. -18% for October [CLOSE- OIL $54.39 (RECORD TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS  $2.38 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $738/ SILVER $9.58/ PLATINUM $844/ DOLLAR= .79 EURO, 96 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.535% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Suckers’ bear market rally with 300+ point swing to the upside [wall street frauds’ nirvana commissioning a huge decline then a huge incline just a program loop, button push, mouse click away] into the close to keep the suckers suckered as the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved and hence, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so great opportunity to sell/take profits while you can since much, much worse to come. Homebuilder reality-based sentiment index plunges to record low  Economy so bad commodity prices plunge along with PPI.  Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 859)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. , Forecasters: U.S. in at least, unrealistically optimistically, minimum 14 month recession  The Great Depression of the 21st Century: Collapse of the Real Economy   “The Dollar Standard Is Coming To An End”  Financial Crisis Tab Already In The Trillions...   Busted in Washington  Housing starts expected to hit half-century low   Washington is Powerless to Stop the Coming Economic Depression    Whitehead sees slump worse than Depression   Dollar’s Days Numbered, Buy Commodities: Jim Rogers    America’s economic crisis is beyond the reach of traditional solutions   U.S. Retail Sales Drop in October by Most on Record . (Banker Bailout Costs $5 Trillion So Far ), (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months ), (Soros says deep recession inevitable, depression likely ), 53,000 layoffs from Citigroup, and many more announced and may more to come from a multitude of companies to yield predicted 8-10% unemployment (conservative-some higher). Motek in a somewhat philosophical mood cites blue chips as cow chips (cow pies, manure, etc.), while his expert joins the metaphysical fray quoting ‘to save man from his folly is to people the world with fools’ and goes on to say everything looking bad, things are not good, how long the deep recession-don’t know, not there yet; while another expert says things have gone from bad to worse,   CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come.

(11-17-08)  DOW 8,273.58 -223.73 -2.63% -5% for second week Nov.  -4% for first week Nov. -15% for the month of October NASDAQ 1,482.05 -34.80 -2.29% -4.2% for second week Nov.  -4% for first week Nov.  -17% for October S&P 850.75 -22.54 -2.58% -6% for second week Nov.  -4% for first week Nov. -18% for October [CLOSE- OIL $54.95 (RECORD TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS  $2.53 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $742.51/ SILVER $9.33/ PLATINUM $820.60/ DOLLAR= .79 EURO, 96 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.65% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Modest drop relative to reality so still great opportunity to sell/take profits while you still can since much, much worse to come. Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 852)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000    53,000 layoffs from Citigroup, and many more announced and may more to come from a multitude of companies to yield predicted 8-10% unemployment (conservative-some higher). Motek in a somewhat philosophical mood cites blue chips as cow chips (cow pies, manure, etc.), while his expert joins the metaphysical fray quoting ‘to save man from his folly is to people the world with fools’ and goes on to say everything looking bad, things are not good, how long the deep recession-don’t know, not there yet; while another expert says things have gone from bad to worse. Forecasters: U.S. in at least, unrealistically optimistically, minimum 14 month recession  The Great Depression of the 21st Century: Collapse of the Real Economy   “The Dollar Standard Is Coming To An End”  Financial Crisis Tab Already In The Trillions...   Busted in Washington As expected, the G-20 Economic Summit in Washington turned out to be a total bust. None of the problems which have pushed the global economy to the brink of disaster were resolved and none of the main players who gamed the system with their toxic securities was held accountable. Housing starts expected to hit half-century low  G-20 Wanted Quick Action on Credit Default Swaps, But Bush Talks Them Into Toothless Regulation   Previous sessions modest drop relative to reality still great opportunity to sell/take profits while you can since much, much worse to come. Motek’s Financial Times expert cites grim outlook, another says fed policy re: interest rates won’t make any difference, and in land of fruits and nuts a foreclosure every 30-60 seconds. Washington is Powerless to Stop the Coming Economic Depression    Whitehead sees slump worse than Depression   Dollar’s Days Numbered, Buy Commodities: Jim Rogers    America’s economic crisis is beyond the reach of traditional solutions   U.S. Retail Sales Drop in October by Most on Record . Previous session has full moon, and lunatic wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away as programmed buy trades kick in at below 8,000 without regard to economic/financial fundamentals, despite much worse than expected business news, ie., the 500,000 plus new claims for unemployment (Jobless claims hit 25-year high, weak economy causes imports plunge ), worse than expected increase in budget deficit from bailouts (Banker Bailout Costs $5 Trillion So Far ), etc., with 900 point swing to the upside (to keep you suckered) based upon nothing whatsoever positive at all so this is a great opportunity to sell into these suckers’ bear market rallies/strength/take profits and preserve capital while you still can as much, much worse to come as the ultimately hyperinflationary effects of printing/creating like mad those worthless Weimar dollars (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months ), and weak business prospects (Soros says deep recession inevitable, depression likely ), virtually all problems remaining and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., and the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) having been addressed much less solved. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Previous session market decline at first blush provided fodder for the talking heads/wall street frauds/shills to say as before, buying opportunity, happy days are here again, etc., the reality is that there’s much, much worse and downside to come.

(11-14-08)  DOW 8,497.31 -337.94 -3.82% -5% for second week Nov.  -4% for first week Nov. -15% for the month of October NASDAQ 1,516.85 -79.85 -5.00% -4.2% for second week Nov.  -4% for first week Nov.  -17% for October S&P 873.29 -38.00 -4.17% -6% for second week Nov.  -4% for first week Nov. -18% for October [CLOSE- OIL $57.04 (RECORD TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS  $2.53 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $743.13/ SILVER $9.53/ PLATINUM $844/ DOLLAR= .79 EURO, 97 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.75% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Modest drop relative to reality so still great opportunity to sell/take profits while you can since much, much worse to come. Motek’s Financial Times expert cites grim outlook, another says fed policy re: interest rates won’t make any difference, and in land of fruits and nuts a foreclosure every 30-60 seconds. Washington is Powerless to Stop the Coming Economic Depression    Whitehead sees slump worse than Depression   Dollar’s Days Numbered, Buy Commodities: Jim Rogers    America’s economic crisis is beyond the reach of traditional solutions   U.S. Retail Sales Drop in October by Most on Record . Previous session has full moon, and lunatic wall street frauds’ nirvana (commissioning a huge decline then a huge incline) at just a program loop, button push, mouse click away as programmed buy trades kick in at below 8,000 without regard to economic/financial fundamentals, despite much worse than expected business news, ie., the 500,000 plus new claims for unemployment (Jobless claims hit 25-year high, weak economy causes imports plunge ), worse than expected increase in budget deficit from bailouts (Banker Bailout Costs $5 Trillion So Far ), etc., with 900 point swing to the upside (to keep you suckered) based upon nothing whatsoever positive at all so this is a great opportunity to sell into these suckers’ bear market rallies/strength/take profits and preserve capital while you still can as much, much worse to come as the ultimately hyperinflationary effects of printing/creating like mad those worthless Weimar dollars (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months ), and weak business prospects (Soros says deep recession inevitable, depression likely ), virtually all problems remaining and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., and the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) having been addressed much less solved. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Previous session market decline at first blush provided fodder for the talking heads/wall street frauds/shills to say as before, buying opportunity, happy days are here again, etc., THE REALITY IS THAT THERE’S MUCH, MUCH WORSE AND DOWNSIDE TO COME.

(11-13-08)  DOW 8,835.25 +552.59 +6.67% -4% for previous week -15% for the month of October NASDAQ 1,596.70 +97.49 +6.50% -4% for previous week -17% for October S&P 911.29 +58.99 +6.92% -4% for previous week -18% for October [CLOSE- OIL $58.24 (RECORD TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS  $2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $735/ SILVER $9.38/ PLATINUM $838/ DOLLAR= .78 EURO, 97 YEN, .67 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Full Moon, and lunatic wall street frauds’ nirvana (commissioning a huge decline then a huge incline) just a program loop, button push, mouse click away as programmed buy trades kick in at below 8,000 without regard to economic/financial fundamentals, despite much worse than expected business news, ie., the 500,000 plus new claims for unemployment (Jobless claims hit 25-year high, weak economy causes imports plunge ), worse than expected increase in budget deficit from bailouts (Banker Bailout Costs $5 Trillion So Far ), etc., with 900 point swing to the upside (to keep you suckered) based upon nothing whatsoever positive at all so this is a great opportunity to sell into these suckers’ bear market rallies/strength/take profits and preserve capital while you still can as much, much worse to come as the ultimately hyperinflationary effects of printing/creating like mad those worthless Weimar dollars (Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months ), and weak business prospects (Soros says deep recession inevitable, depression likely ), virtually all problems remaining and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., and the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) having been addressed much less solved. CELENTE CORRECTLY PREDICTS REVOLUTION, FOOD RIOTS, TAX REBELLIONS BY 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” Budget deficit hits record; jobless claims surge Foreclosure rates up 25 percent year-over-year Previous session market decline at first blush provided fodder for the talking heads/wall street frauds/shills to say as before, buying opportunity, happy days are here again, etc., the reality is that there’s much, much worse and downside to come. Indeed, one expert says US To Lose Its ‘AAA’ Rating/face default/bankruptcy,  while Motek’s expert says market poised to test new lows, points to uncertainty regarding bailout equivocation/changes and talks up, in a somewhat borderline senile fashion, some beaten down stocks on theory government will bail them out…riiiiight! Another Motek expert, actor/speculator/economist Ben Stein says hanky panky Paulsen perjured himself before congress and should be prosecuted, points to incompetence regarding bailout saying couldn’t have been handled worse and not mentally up to it.   One Aspect of the Massive (Securities) Fraud/Fraudulent Wealth Transfer is Aptly Described/Illustrated in this Comment, [how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved], Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 852)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   The immortal words of J.P.Morgan remain apposite as ’ it is not so much the return on the money as it is the return of the money’ ,  so sell/take profits while you can and preserve capital.

(11-12-08)  DOW 8,282.66 -411.30 -4.73% -4% for previous week -15% for the month of October NASDAQ 1,499.21 -81.69 -5.17% -4% for previous week -17% for October S&P 852.30 -46.65 -5.19% -4% for previous week -18% for October [CLOSE- OIL $56.16 (RECORD TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS  $2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $713/ SILVER $9.26/ PLATINUM $809/ DOLLAR= .79 EURO, 97 YEN, .66 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.665% ..…     AP Business Highlights …           ...Yahoo Market Update... ] While the market decline this day at first blush provides fodder for the talking heads/wall street frauds/shills to say as before, buying opportunity, happy days are here again, etc., the reality is that there’s much, much worse and downside to come. Indeed, one expert says US To Lose Its ‘AAA’ Rating/face default/bankruptcy,  while Motek’s expert says market poised to test new lows, points to uncertainty regarding bailout equivocation/changes and talks up, in a somewhat borderline senile fashion, some beaten down stocks on theory government will bail them out…riiiiight! Another Motek expert, actor/speculator/economist Ben Stein says hanky panky Paulsen perjured himself before congress and should be prosecuted, points to incompetence regarding bailout saying couldn’t have been handled worse and not mentally up to it.   One Aspect of the Massive (Securities) Fraud/Fraudulent Wealth Transfer is Aptly Described/Illustrated in this Comment, [how are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved], Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  , Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 852)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ,   Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   The immortal words of J.P.Morgan remain apposite as ’ it is not so much the return on the money as it is the return of the money’ ,  so sell/take profits while you can and preserve capital.

(11-11-08)  DOW 8,693.96 -176.58 -1.99% -4% for previous week -15% for the month of October NASDAQ 1,580.90 -35.84 -2.22% -4% for previous week -17% for October S&P 898.95 -20.26 -2.20% -4% for previous week -18% for October [CLOSE- OIL $59.33 (RECORD TRADING HIGH $147.27) GAS $2.22 (reg. gas in LAND OF FRUITS AND NUTS  $2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $731.58/ SILVER $9.75/ PLATINUM $813/ DOLLAR= .79 EURO, 97 YEN, .65 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.76% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Modest losses relative to reality with rally/programmed trades to the upside into the close to finish off substantially lower lows to keep the suckers’ suckered despite grim economic/business/financial news so still great opportunity to sell/take profits while you can since much, much worse to come. America is now a nation of bank holding companies (to take advantage of involuntary taxpayer bailouts), paper hanging wall street frauds (it’s the worthless multiplicity of securitized and heavily commissioned worthless paper that is the problem), and brazened ponzi’s (sic) (more, more, and more funds to keep their commission ball rolling) on wall street; and of course, their marks. Banking crisis claims more u.s. victims How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (hundreds of trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come.   Previous suckers’ bear market rally/programmed trades to the upside into the close to keep the suckers’ suckered so still great opportunity to sell/take profits while you can since much, much worse to come, as stocks finish only modestly lower relative to reality on grim economic/business news across the board, viz., b.s. talking point gives way to reality that China stimulus plan lessens availability of funds for the purchase of worthless u.s./dollar denominated securities/assets and may even require sale/redemption of same, GM shares hit 62 year low at $3.36 as analyst says said shares will go to - 0- (nil, with Ford’s shares at $1.93), Motek expert points to employment contraction for 15 months in a row and Conference Board Report regarding said job losses; while another emphasizes the futility of the bailouts which are get worse/larger in reference to what he terms slush funds, the bank tax windfall initiated in the dark of night, things will get progressively worse in the upcoming administration, u.s. spending far beyond means, and rapidly depreciating u.s. dollars and assets; DHL ending u.s. ground ops and 9,500 jobs, Security Pacific the 19th u.s. bank failure, etc., Fed's bailout for AIG swells to more than $150B , Fannie posts $29B 3Q loss, $100B may not be enough , Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” .

(11-10-08)  DOW 8,870.54 -73.27 -0.82%-4% for previous week -15% for the month of October NASDAQ 1,616.74 -30.66 -1.86%-4% for previous week -17% for October S&P 919.21 -11.78 -1.27%-4% for previous week -18% for October [CLOSE- OIL $62.41 (RECORD TRADING HIGH $147.27) GAS $2.53 (reg. gas in LAND OF FRUITS AND NUTS  $2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $746.50/ SILVER $10.22/ PLATINUM $859.90/ DOLLAR= .78 EURO, 97 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.75% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Suckers’ bear market rally/programmed trades to the upside into the close to keep the suckers’ suckered so still great opportunity to sell/take profits while you can since much, much worse to come, as stocks finish only modestly lower relative to reality on grim economic/business news across the board, viz., b.s. talking point gives way to reality that China stimulus plan lessens availability of funds for the purchase of worthless u.s./dollar denominated securities/assets and may even require sale/redemption of same, GM shares hit 62 year low at $3.36 as analyst says said shares will go to - 0- (nil, with Ford’s shares at $1.93), Motek expert points to employment contraction for 15 months in a row and Conference Board Report regarding said job losses; while another emphasizes the futility of the bailouts which are get worse/larger in reference to what he terms slush funds, the bank tax windfall initiated in the dark of night, things will get progressively worse in the upcoming administration, u.s. spending far beyond means, and rapidly depreciating u.s. dollars and assets; DHL ending u.s. ground ops and 9,500 jobs, Security Pacific the 19th u.s. bank failure, etc., Fed's bailout for AIG swells to more than $150B , Fannie posts $29B 3Q loss, $100B may not be enough , Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression” , bankruptcies, defaults, foreclosures, hyperinflation around corner on worthless Weimar dollars, etc.. Previous session, sell into these suckers’ bear market rallies/strength/take profits while you can as much, much worse to come. Much worse than expected jobs (240,000 lost, unemployment to 6.5%) and auto news (operating earnings losses of $4 billion for GM and $3 billion for Ford for 3rd quarter) rallies stocks (riiiiight!), in a largely forgettable Motek business hour even his oftimes wall street shill expert admitted to his credit that their was absolutely nothing to account for the rise in stock prices this day especially in light of the substantially bad and worse than expected news, says GM has enough cash to last to spring while Ford till summer, and says volatility for rest of the year. Economist says worse to come as very severe recession at least through 2009 and into 2010, and also there’s allusion to yet another taxpayer bailout of auto pension funds and auto co. bankruptcies. The wall street frauds must be prosecuted and disgorgement required. Jobless rate at 14-year high as above expectation losses continue    GM, Ford losses worse than expected, burning cash     Jobless ranks hit 10 million, most in 25 years   Ford announces $129M 3Q loss, burns $7.7B in cash   Jobless rate bolts to 14-year high of 6.5 percent Previous, another modest drop relative to reality [Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 904)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ], downbeat economic data, first-time claims for unemployment at 25 year high and worse to come, abysmal retail sales worst in 3 decades, unit labor costs rose at a higher than expected 3.6% annual rate as the ultimately hyperinflationary effects of printing/creating like mad those worthless Weimar dollars, and weak business prospects, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so still great opportunity to sell/take profits while you can since much, much worse to come.  

(11-7-08)  DOW 8,943.81 +248.02 +2.85% -4% for week -15% for the month of October NASDAQ 1,647.40 +38.70 +2.41% -4% for week -17% for October S&P 930.99 +26.11 +2.89% -4% for week -18% for October [CLOSE- OIL $61.04 (RECORD TRADING HIGH $147.27) GAS $2.53 (reg. gas in LAND OF FRUITS AND NUTS  $2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $734.20/ SILVER $10.03/ PLATINUM $853/ DOLLAR= .78 EURO, 98 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.78% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Sell into these suckers’ bear market rallies/strength/take profits while you can as much, much worse to come. Much worse than expected jobs (240,000 lost, unemployment to 6.5%) and auto news (operating earnings losses of $4 billion for GM and $3 billion for Ford for 3rd quarter) rallies stocks (riiiiight!), in a largely forgettable Motek business hour even his oftimes wall street shill expert admitted to his credit that their was absolutely nothing to account for the rise in stock prices this day especially in light of the substantially bad and worse than expected news, says GM has enough cash to last to spring while Ford till summer, and says volatility for rest of the year. Economist says worse to come as very severe recession at least through 2009 and into 2010, and also there’s allusion to yet another taxpayer bailout of auto pension funds and auto co. bankruptcies. The wall street frauds must be prosecuted and disgorgement required. Jobless rate at 14-year high as above expectation losses continue    GM, Ford losses worse than expected, burning cash     Jobless ranks hit 10 million, most in 25 years   Ford announces $129M 3Q loss, burns $7.7B in cash   Jobless rate bolts to 14-year high of 6.5 percent Previous, another modest drop relative to reality [Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 904)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ], downbeat economic data, first-time claims for unemployment at 25 year high and worse to come, abysmal retail sales worst in 3 decades, unit labor costs rose at a higher than expected 3.6% annual rate as the ultimately hyperinflationary effects of printing/creating like mad those worthless Weimar dollars, and weak business prospects, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so still great opportunity to sell/take profits while you can since much, much worse to come.  

(11-6-08)  DOW 8,695.79 -443.48 -4.85% -15% for the month of October NASDAQ 1,608.70  -972.94 -5.3% 17% for October S&P 904.88 –47.89 –5.6% -18% for October [CLOSE- OIL $60.77 (RECORD TRADING HIGH $147.27) GAS $2.53 (reg. gas in LAND OF FRUITS AND NUTS  $2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $732.20/ SILVER $10.05/ PLATINUM $835/ DOLLAR= .77 EURO, 97 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.69% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Another modest drop relative to reality [Grantham (who called the bubble) posits… 585 on the S&P 500 (versus today's frothy 904)  There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500. ], downbeat economic data, first-time claims for unemployment at 25 year high and worse to come, abysmal retail sales worst in 3 decades, unit labor costs rose at a higher than expected 3.6% annual rate as the ultimately hyperinflationary effects of printing/creating like mad those worthless Weimar dollars, and weak business prospects, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so still great opportunity to sell/take profits while you can since much, much worse to come.  Previous session sees modest drop relative to reality though record post-election plunge so still great opportunity to sell/take profits while you can since much, much worse to come. All news so bad (reality even worse) that even shill co. ADP can’t hide at least 157,000 lost private sector jobs where deep cuts are necessary, Challenger et als say layoffs will abound with cuts broad and deep, Motek expert says dismal market for at least next several weeks but cautious citing some oil, engineering, utilities, healthcare opportunities with caveat along with some emerging markets, service sector much weaker than expected and planned layoffs highest in three decades. Treasury wants to borrow record $550B... US-led strike kills 36 Afghan civilians U.S. as slowing economy/runaway spending balloons the budget deficit to a record level to Sell $55 Billion in Long-Term Debt Next Week  Previous session, all news decisively bad with dollar down, oil up, factory orders declining 2.5% month-over-month after dropping 4.3% in August, much worse than the 0.8% decline that was expected, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits while you can since much, much worse to come. Previous, ( Worst is yet to come for economy ) as economic/financial news so bad [ ISM index shows biggest downturn in economic activity since 1982, corrupt, scandal-scarred commerce department comes in with 40% better than expected false construction numbers though still down a hefty .3%, 90% of private economists say we’re in a recession and we’ll see much more lagging effect to the downside, realization that bad economic conditions going forward not frozen credit affecting lending despite their lies/fraud to buttress their fleecing of the treasury, Motek expert says another washout coming and we’ve not heard the last of those, ie., banks, companies, brokerages, etc., under the waves] , that lunatic frauds on wall street develop new b.s. talking point to keep suckers sucked in to this market so the wall street frauds can keep eating away at suckers’ money by commissioning same, the new talking point being ‘the election’. What total b**l s**t! They’re just a bunch of criminally insane vegetables who can’t do anything that they’re supposed to do well, ie, economics, finance, accounting, etc., and are hoping to escape accountability for their crimes. They must be prosecuted and disgorgement required because 1) It’s the law and to create a deterrent prospectively 2) Restore credibility and confidence in prosecutorial, regulatory, government/governmental bodies as opposed to their being accomplices, and the markets (which are just that; marketplaces, like fish markets, commodity markets, flea markets, etc., no big deal, particularly as the frauds operate them)  3) It’s the right thing to do because of the magnitude of the fraud (in the hundreds of trillions by some educated assessments) in the many trillions and the fraud on taxpayers (who have been damaged by their fraud and) by bailouts that are finding their way into compensation/bonus packages for the perpetrators   .

(11-5-08)  DOW 9,139.27 -486.01 -5.05% -15% for the month of October NASDAQ 1,681.64  -98.48 -5.53% 17% for the month S&P 952.77 -52.98 –5.59% -18% for the month [CLOSE- OIL $65.30 (RECORD TRADING HIGH $147.27) GAS $2.53 (reg. gas in LAND OF FRUITS AND NUTS  $2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $742.20/ SILVER $10.26/ PLATINUM $856/ DOLLAR= .77 EURO, 97 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.69% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Modest drop relative to reality though record post-election plunge so still great opportunity to sell/take profits while you can since much, much worse to come. All news so bad (reality even worse) that even shill co. ADP can’t hide at least 157,000 lost private sector jobs where deep cuts are necessary, Challenger et als say layoffs will abound with cuts broad and deep, Motek expert says dismal market for at least next several weeks but cautious citing some oil, engineering, utilities, healthcare opportunities with caveat along with some emerging markets, service sector much weaker than expected and planned layoffs highest in three decades. Treasury wants to borrow record $550B... US-led strike kills 36 Afghan civilians U.S. as slowing economy/runaway spending balloons the budget deficit to a record level to Sell $55 Billion in Long-Term Debt Next Week  Previous session, all news decisively bad with dollar down, oil up, factory orders declining 2.5% month-over-month after dropping 4.3% in August, much worse than the 0.8% decline that was expected, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits while you can since much, much worse to come.

(11-4-08)  DOW 9,625.28 +305.45 +3.28% -15% for the month of October NASDAQ 1,780.12 +53.79 +3.12% -17% for the month S&P 1,005.75 +39.45 +4.08% -18% for the month [CLOSE- OIL $70.62 (RECORD TRADING HIGH $147.27) GAS $2.53 (reg. gas in LAND OF FRUITS AND NUTS  $2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $762/ SILVER $10.17/ PLATINUM $845/ DOLLAR= .77 EURO, 98 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.76% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! All news decisively bad with dollar down, oil up, factory orders declining 2.5% month-over-month after dropping 4.3% in August, much worse than the 0.8% decline that was expected, virtually all problems remain and there is but an infinitesimally small fraction of the capital and resources necessary to solve them thanks to fraud, incompetence, lack of knowledge/ability, greed, etc., so sell into rallies/strength/take profits while you can since much, much worse to come. Previous, ( Worst is yet to come for economy ) as economic/financial news so bad [ ISM index shows biggest downturn in economic activity since 1982, corrupt, scandal-scarred commerce department comes in with 40% better than expected false construction numbers though still down a hefty .3%, 90% of private economists say we’re in a recession and we’ll see much more lagging effect to the downside, realization that bad economic conditions going forward not frozen credit affecting lending despite their lies/fraud to buttress their fleecing of the treasury, Motek expert says another washout coming and we’ve not heard the last of those, ie., banks, companies, brokerages, etc., under the waves] , that lunatic frauds on wall street develop new b.s. talking point to keep suckers sucked in to this market so the wall street frauds can keep eating away at suckers’ money by commissioning same, the new talking point being ‘the election’. What total b**l s**t! They’re just a bunch of criminally insane vegetables who can’t do anything that they’re supposed to do well, ie, economics, finance, accounting, etc., and are hoping to escape accountability for their crimes. They must be prosecuted and disgorgement required because 1) It’s the law and to create a deterrent prospectively 2) Restore credibility and confidence in prosecutorial, regulatory, government/governmental bodies as opposed to their being accomplices, and the markets (which are just that; marketplaces, like fish markets, commodity markets, flea markets, etc., no big deal, particularly as the frauds operate them)  3) It’s the right thing to do because of the magnitude of the fraud (in the hundreds of trillions by some educated assessments) in the many trillions and the fraud on taxpayers (who have been damaged by their fraud and) by bailouts that are finding their way into compensation/bonus packages for the perpetrators   .

(11-3-08)  DOW 9,319.83 -5.18 -0.06% -15% for the month NASDAQ 1,726.33 +5.38 +0.31% -17% for the month S&P 966.27 -2.48 -.3% -18% for the month [CLOSE- OIL $63.91 (RECORD TRADING HIGH $147.27) GAS $2.53 (reg. gas in LAND OF FRUITS AND NUTS  $2.65 REG./ $3.26 MID-GRADE/ $3.53 PREM./ $3.08 DIESEL)/ GOLD $726.80 / SILVER $9.75/ PLATINUM $826.58/ DOLLAR= .78 EURO, 98 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.91% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Sell into rallies/strength/take profits while you can as much, much worse to come ( Worst is yet to come for economy ) as economic/financial news so bad [ ISM index shows biggest downturn in economic activity since 1982, corrupt, scandal-scarred commerce department comes in with 40% better than expected false construction numbers though still down a hefty .3%, 90% of private economists say we’re in a recession and we’ll see much more lagging effect to the downside, realization that bad economic conditions going forward not frozen credit affecting lending despite their lies/fraud to buttress their fleecing of the treasury, Motek expert says another washout coming and we’ve not heard the last of those, ie., banks, companies, brokerages, etc., under the waves] , that lunatic frauds on wall street develop new b.s. talking point to keep suckers sucked in to this market so the wall street frauds can keep eating away at suckers’ money by commissioning same, the new talking point being ‘the election’. What total b**l s**t! They’re just a bunch of criminally insane vegetables who can’t do anything that they’re supposed to do well, ie, economics, finance, accounting, etc., and are hoping to escape accountability for their crimes. They must be prosecuted and disgorgement required because 1) It’s the law and to create a deterrent prospectively 2) Restore credibility and confidence in prosecutorial, regulatory, government/governmental bodies as opposed to their being accomplices, and the markets (which are just that; marketplaces, like fish markets, commodity markets, flea markets, etc., no big deal, particularly as the frauds operate them)  3) It’s the right thing to do because of the magnitude of the fraud (in the hundreds of trillions by some educated assessments) in the many trillions and the fraud on taxpayers (who have been damaged by their fraud and) by bailouts that are finding their way into compensation/bonus packages for the perpetrators   .

(10-31-08)  DOW  9,325.01 +144.32 +1.57% -15% for the month NASDAQ 1,720.95 +22.43 +1.32% -17% for the month S&P 968.75 +14.66 +1.54%-18% for the month [CLOSE- OIL $67.81 (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND OF FRUITS AND NUTS  $2.97 REG./ $3.35 MID-GRADE/ $3.65 PREM./ $3.41 DIESEL)/ GOLD $738.51 / SILVER $9.78/ PLATINUM $835/ DOLLAR= .78 EURO, 98 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.95% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Suckers’ bear market rally for window dressing for dismal month and quarter to keep the suckers suckered in this secular bear market. Are you a sucker? One in five homeowners owe more than homes are worth, more unemployment to come, many more defaults personal/commercial, many trillions of previously commissioned worthless paper still carried/not written down, etc.. One of Motek’s experts, to his credit, points to reality in saying retreat to cash (take profits) in rallies as these (rallies on bad news), record declines in spending, economy has lots of negatives, insurance companies have lots of negatives, hedge funds liquidating, and importantly, 60% of trades computerized so great for generating commissions but bad for real value (as this week) and very volatile; while another expert echoes bear case as spending down across the board; while another empahasizes bad month on top of bad month for autos;  while another says 2008 behind only 1929 and 1987 for bad; and another says no more room for rate cuts, more regulation, mortgage rates up; and finally, political and economic uncertainty cited. In sum, u.s. stocks over-priced and dollar will drop like a stone (excessive printing/creating/debt), Stocks: A Bear Case   so sell into rallies/strength/take profits while you can as much, much worse to come. Don’t forget, THEY NEED YOUR MONEY TO COMMISSION and the lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution . Despite another big advance on Friday, paper losses in the U.S. stock market came to $2.5 trillion for the month, according to the Dow Jones Wilshire 5000 Composite Index, which represents nearly all stocks traded in the United States. The 17.7 percent decline was the worst since the 23 percent drop in October 1987 and 1929.

(10-30-08)  DOW  9,180.69 +189.73 +2% -5.4% for the previous week   NASDAQ 1,698.52 +41.31  +2% -9.3% for the previous week   S&P 954.09 +24  +2% -6.8% for the previous week [CLOSE- OIL $65.96 (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND OF FRUITS AND NUTS  $3.18 REG./ $3.35 MID-GRADE/ $3.65 PREM./ $3.41 DIESEL)/ GOLD $738.51 / SILVER $9.78/ PLATINUM $835/ DOLLAR= .78 EURO, 97YEN, .61 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.96% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Suckers’ bear market rally on bad news. U.S. Economy: GDP Shrinks (even with fake better than expected GDP numbers from corrupt commerce department) at Fastest Pace Since 2001 The government falsely reported Thursday that the economy shrank only 0.3 percent in the July-September period, still a significant slowdown after growth of 2.8 percent in the prior quarter in the summer, sending the strongest signal yet that a deep recession has already begun. Consumer spending, which accounts for two-thirds of the economy, dropped by the largest amount in 28 years in the third quarter. One expert says multiple levels of things going wrong in u.s. recession, ie., consumer spending down and declining, housing recession, fraudulently worthless investments, worthless Weimar dollars that are being printed/created like mad, etc.. Another expert says fake GDP number in 3rd quarter does not capture slowdown which will be reflected in 4th quarter with minimum 2-4% decline. How are these frauds not being prosecuted and forced disgorgement and preposterously getting taxpayer dollars? The lunatic wall street frauds’ desperation linked to their substantial crimes and booty which must be disgorged through prosecution, none of the real problems (trillions of fraudulent/worthless securities, etc.) have been addressed much less solved so sell into rallies/strength/take profits while you can since much, much worse to come.

(10-29-08)  DOW  8,990.96 -74.16  -0.82% -5.4% for the previous week   NASDAQ 1,657.21  +7.74 +0.47% -9.3% for the previous week   S&P 930.09 -10.42 -1.11% -6.8% for the previous week [CLOSE- OIL $67.51 (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND OF FRUITS AND NUTS  $3.18 REG./ $3.35 MID-GRADE/ $3.65 PREM./ $3.41 DIESEL)/ GOLD $755 / SILVER $9.38/ PLATINUM $826/ DOLLAR= .76 EURO, 98 YEN, .60 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.87% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Government (fake) numbers on durables (130% better than private estimates…I don’t think so!) and prospectively dollar-crushing 50 basis point rate cut  (discounted b.s. talking point many times over by market in prior sucker session), 2.7% drop in the dollar, fed heads said the pace of economic activity has "markedly" slowed as consumer expenditures declined, while inflation pressures are expected (despite worthlessness of the Weimar dollar) to (temporarily) moderate due to the (temporary election year) drop in commodity prices and weaker economic prospects, so still great opportunity to sell into rallies/strength/take profits while you still can (like now) since much, much worse to come as all problems remain. Previous session, all news decisively bad with consumer sentiment far below expected 52% but realistically at 38%, personal bankruptcies/business bankruptcies up sharply (Euler Hermes ACI: Substantial Increase In Business Bankruptcies and worse in 2009 ... , Personal Bankruptcies Increase and 2009 expected to be worse ), Office Vacancy Rates Nationwide Keep Climbing; 2009 will be worse ... , US consumer debt reaches record levels , U.S. budget deficit swells to record $455 billion | Reuters , White House projects record deficit for 2009 - CNN.com , dollar down and dying, record trade deficits, (Lost growth is cumulative. Thanks to the record trade deficits accumulated over the last 10 years, the U.S. economy is about $1.5 trillion smaller.  This comes to about $10000 per worker. The damage grows larger each month, as the Bush Administration and Democratic Congress dally and ignore the corrosive consequences of the trade deficit), war crimes/profiteering and global disdain for america and all things american and preposterously based on b.s. alone ie., dollar negative talking point of interest rate decrease (hyperinflationary as will be seen post-election), etc., suckers’ bear market rally on decidedly bad news, none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience), lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution,  so sell into rallies/strength/take profits while you can since much, much worse to come.  

(10-28-08)  DOW  9,065.12  +889.35 +10.88% -5.4% for the previous week   NASDAQ 1,649.47   +143.57  +9.53% -9.3% for the previous week   S&P 940.51 +91.59  +10.79% -6.8% for the previous week [CLOSE- OIL $62.73 (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND OF FRUITS AND NUTS  $3.18 REG./ $3.35 MID-GRADE/ $3.65 PREM./ $3.41 DIESEL)/ GOLD $745 / SILVER $9.26/ PLATINUM $803/ DOLLAR= .78 EURO, 97 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.82% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! All news decisively bad with consumer sentiment far below expected 52% but realistically at 38%, personal bankruptcies/business bankruptcies up sharply (Euler Hermes ACI: Substantial Increase In Business Bankruptcies and worse in 2009 ... , Personal Bankruptcies Increase and 2009 expected to be worse ), Office Vacancy Rates Nationwide Keep Climbing; 2009 will be worse ... , US consumer debt reaches record levels , U.S. budget deficit swells to record $455 billion | Reuters , White House projects record deficit for 2009 - CNN.com , dollar down and dying, record trade deficits, (Lost growth is cumulative. Thanks to the record trade deficits accumulated over the last 10 years, the U.S. economy is about $1.5 trillion smaller.  This comes to about $10000 per worker. The damage grows larger each month, as the Bush Administration and Democratic Congress dally and ignore the corrosive consequences of the trade deficit), war crimes/profiteering and global disdain for america and all things american and preposterously based on b.s. alone ie., dollar negative talking point of interest rate decrease (hyperinflationary as will be seen post-election), etc., suckers’ bear market rally on decidedly bad news, none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience), lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution,  so sell into rallies/strength/take profits while you can since much, much worse to come.

(10-27-08)  DOW 8,175.77 -203.18 -2.42% -5.4% for the previous week   NASDAQ 1,505.90  -46.13 -2.97% -9.3% for the previous week   S&P 848.92 -27.85 -3.18% -6.8% for the previous week [CLOSE- OIL $63.22 (RECORD TRADING HIGH $147.27) GAS $2.65 (reg. gas in LAND OF FRUITS AND NUTS  $3.18 REG./ $3.35 MID-GRADE/ $3.65 PREM./ $3.41 DIESEL)/ GOLD $742.90/ SILVER $9.19 / PLATINUM $791/ DOLLAR= .79 EURO, 93 YEN, .63 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.68% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Reality from Farrell: Bottom line: You've been scammed: This is total incompetence, … unethical and criminal. If you put your hard-earned $12,000 under the mattress for the last decade, it would have been worth more than the $11,671 accumulated in a mutual fund. But actually it's far, far worse! Now if you also deduct the fund's 5.75% load (and/or commissions) and inflation of more than 30% the past decade, you see the stock market's a real loser. In short, after 10 years of blindly trusting the Wall Street's advice about stocks, it turns out that investing in the stock market is not a money-making machine, but a big fat greedy black hole that gobbles up your money.   ECONOMICS GURU: WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC...  More from Grantham: S&P to 585. He called the bubble, how could anyone doubt his valuation (although even lower is more realistic)?  Jeremy Grantham … (some) benefits to the crisis, including increasing personal savings, an end to the hedge fund era, a reminder that government officials are not to be trusted, …among others…Grantham posits… 585 on the S&P 500 (versus today's 877). Frank Motek (back from vacation to save his business hour … none too soon since his program suffered mightily in his absence) experts say: lack of liquidity, new homes and home prices downward trend to continue, expect revisions; another says other nations loaned to u.s. and getting burned, spending in Europe more difficult to ramp up, $2 TRILLION more debt, fed buying u.s. debt which is hyperinflationary, consumer maxed out, grim outlook; another, a wall street shill points to better than expected new home sales [from scandal scarred/corrupt commerce department…riiiiight …(Home sales rise according to discredited commerce department relative to revised downward prior months sales (riiiiiight…that’s the way to work the statistics…at least the prior months fake stats can still be good for something) but prices sharply fall)] but to his credit does say there are a pile of concerns including liquidation of positions, ‘n carry trades’ (sic), yen/dollar disparity; r.e. analyst says median price for homes still heading down and another says new home sales this month not sustainable, foreclosures high even with freeze; oil analyst says oil demand in China down, impacting price; finally, another analyst says temporary dollar spike because of unwinding of leveraged trades (in dollars), commodities/assets/metals decline as investors/traders/holders sell off assets (cover margin calls, redemptions, etc.), u.s. stocks still over-priced and dollar will drop like a stone (excessive printing/creating/debt), Stocks: A Bear Case   so sell into rallies/strength/take profits while you can as much, much worse to come. Previous session: you know the worst is yet to come when the so-called wizards of fraudulent wall street laud the day’s 5-9% decline as a pyrrhic victory (coulda been worse…..riiiiight!) that is neither victory nor the end of the downward adjustment to reality and the scope of their fraud, indeed one expert now points to the realization that america  has become the exporter of economic weakness/fraud as hedge funds, etc., continue to liquidate positions/assets (margin calls, redemptions, etc.) , sell into rallies/strength/take profits while you can as much worse to come,

(10-24-08)  DOW 8,378.95 -312.30 -3.59% -5.4% for the week   NASDAQ 1,552.03 -51.88 -3.23% -9.3% for the week   S&P 876.77 -31.34 -3.45%-6.8% for the week [CLOSE- OIL $64.15(RECORD TRADING HIGH $147.27) GAS $3.05 (reg. gas in LAND OF FRUITS AND NUTS  $3.20 REG./ $3.58 MID-GRADE/ $3.65 PREM./ $3.88 DIESEL)/ GOLD $734.30/ SILVER $9.37 / PLATINUM $794/ DOLLAR= .79 EURO, 94 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.69% ..…     AP Business Highlights …           ...Yahoo Market Update... ]  You know the worst is yet to come when the so-called wizards of fraudulent wall street laud the day’s 5-9% decline as a pyrrhic victory (coulda been worse…..riiiiight!) that is neither victory nor the end of the downward adjustment to reality and the scope of their fraud, indeed one expert now points to the realization that america  has become the exporter of economic weakness/fraud as hedge funds, etc., continue to liquidate positions/assets (margin calls, redemptions, etc.) , sell into rallies/strength/take profits while you can as much worse to come. , Markets Nosedive on Grim Economic News , World markets sink as recession realities spread , 79th anniversary of 1929 Wall Street Crash...  ,  previous day suckers’ bear market rally/400 point swing/programmed trades to the upside into the close on decidedly bad news …I don’t think so!… sell into rallies/strength/take profits while you can since much, much worse to come  Economist Roubini Predicts Hedge Fund Failures, Panic, Closed Markets  ,   Job losses accelerating, and the worst is ahead  , Banks borrow record amount from Fed...  , on top of previous day’s near 200 point swing to the upside into the close to keep the suckers suckered as ‘experts’ say: earnings 11% below expectations, business bad and getting worse, recession, substantial job cuts, big problems in Europe including writedowns of u.s. originated worthless fraudulent paper / another says realization source of the now global problems is u.s., fed throwing money at problems (wall street frauds) but not making it to the economy, not enough money to cover the negative (fraud) and need for flush out and adjustment of inflatede/bubble/illusory values, and another says reality implies 25% decline which is worst since 1937, sell into rallies/strength/take profits while you can since much, much worse to come.

(10-23-08)  DOW 8,691.25  +172.04  +2.02%   NASDAQ 1,603.91 -11.84  -0.73%   S&P 908.11 +11.33 +1.26% [CLOSE- OIL $67.84 (RECORD TRADING HIGH $147.27) GAS $3.05 (reg. gas in LAND OF FRUITS AND NUTS  $3.35 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $724.20/ SILVER $9.65 / PLATINUM $813/ DOLLAR= .77 EURO, 97 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.65% ..…     AP Business Highlights …           ...Yahoo Market Update... ]   Suckers’ bear market rally/400 point swing/programmed trades to the upside into the close on decidedly bad news …I don’t think so!… sell into rallies/strength/take profits while you can since much, much worse to come  Economist Roubini Predicts Hedge Fund Failures, Panic, Closed Markets  ,   Job losses accelerating, and the worst is ahead  , Banks borrow record amount from Fed...  , on top of previous day’s near 200 point swing to the upside into the close to keep the suckers suckered as ‘experts’ say: earnings 11% below expectations, business bad and getting worse, recession, substantial job cuts, big problems in Europe including writedowns of u.s. originated worthless fraudulent paper / another says realization source of the now global problems is u.s., fed throwing money at problems (wall street frauds) but not making it to the economy, not enough money to cover the negative (fraud) and need for flush out and adjustment of inflatede/bubble/illusory values, and another says reality implies 25% decline which is worst since 1937, sell into rallies/strength/take profits while you can since much, much worse to come  Recession Will Last At Least Two Years: Roubini   ,  Recession Now: It's Deep and It's Going to Last a Long Time, Sonders Says    ; previous day modest losses relative to reality as only 15% of americans believe the nation is going in the right direction (what dummies!) which is slightly more than congress’ approval rate and just slightly less than bushes’ approval rate, More banks may fail, IMF warns  ,  Weak profit picture and weak/declining economy worries and fear of being held criminally accountable for their fraud hurt Wall Street  , sell into rallies/strength/take profits while you can since much, much worse to come , previous day’s suckers’ bear market rally on bad or false news as ie., leading economic indicators up though all economists expected down since major components thereof (stock prices, manufacturing/industrial indices, employment, etc.) all down, economy so bad they’re going to print more worthless hyperinflationary Weimar dollars (that they don’t really have), gave another $12 billion to AIG on top of the other billions of taxpayer funds, yet none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come.

(10-22-08) DOW 8,519.21  -514.45 –5.69%  NASDAQ 1,615.75 –80.93 -4.08%  S&P 896.78 -58.27 –6.08% [CLOSE- OIL $66.75 (RECORD TRADING HIGH $147.27) GAS $3.05 (reg. gas in LAND OF FRUITS AND NUTS  $3.35 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $735/ SILVER $9.62 / PLATINUM $835/ DOLLAR= .77 EURO, 97 YEN, .62 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.59% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Near 200 point swing to the upside into the close to keep the suckers suckered as ‘experts’ say: earnings 11% below expectations, business bad and getting worse, recession, substantial job cuts, big problems in Europe including writedowns of u.s. originated worthless fraudulent paper / another says realization source of the now global problems is u.s., fed throwing money at problems (wall street frauds) but not making it to the economy, not enough money to cover the negative (fraud) and need for flush out and adjustment of inflatede/bubble/illusory values, and another says reality implies 25% decline which is worst since 1937, sell into rallies/strength/take profits while you can since much, much worse to come  Recession Will Last At Least Two Years: Roubini   ,  Recession Now: It's Deep and It's Going to Last a Long Time, Sonders Says    ; previous day modest losses relative to reality as only 15% of americans believe the nation is going in the right direction (what dummies!) which is slightly more than congress’ approval rate and just slightly less than bushes’ approval rate, More banks may fail, IMF warns  ,  Weak profit picture and weak/declining economy worries and fear of being held criminally accountable for their fraud hurt Wall Street  , sell into rallies/strength/take profits while you can since much, much worse to come , previous day’s suckers’ bear market rally on bad or false news as ie., leading economic indicators up though all economists expected down since major components thereof (stock prices, manufacturing/industrial indices, employment, etc.) all down, economy so bad they’re going to print more worthless hyperinflationary Weimar dollars (that they don’t really have), gave another $12 billion to AIG on top of the other billions of taxpayer funds, yet none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come.

(10-21-08) DOW 9,033.66  -231.77 -2.50%  NASDAQ 1,696.68 -73.35 -4.14%  S&P 955.05 -30.35 -3.08% [CLOSE- OIL $70.89 (RECORD TRADING HIGH $147.27) GAS $3.05 (reg. gas in LAND OF FRUITS AND NUTS  $3.35 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $769.90/ SILVER $10.03 / PLATINUM $893/ DOLLAR= .7658 EURO, 100 YEN, .58 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.89% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Modest losses relative to reality as only 15% of americans believe the nation is going in the right direction (what dummies!) which is slightly more than congress’ approval rate and just slightly less than bushes’ approval rate, More banks may fail, IMF warns  ,  Weak profit picture and weak/declining economy worries and fear of being held criminally accountable for their fraud hurt Wall Street  , sell into rallies/strength/take profits while you can since much, much worse to come , previous day’s suckers’ bear market rally on bad or false news as ie., leading economic indicators up though all economists expected down since major components thereof (stock prices, manufacturing/industrial indices, employment, etc.) all down, economy so bad they’re going to print more worthless hyperinflationary Weimar dollars (that they don’t really have), gave another $12 billion to AIG on top of the other billions of taxpayer funds, yet none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come , The Crumbling U.S. Economy, Worse is Yet to Come  ,  Worst slump since Great Depression   ,   Rapid Downward Revisions in Expected Economic Growth  

(10-20-08) 9,265.43  DOW  +413    1,711.29 NASDAQ +58    940.55 S&P +44  [CLOSE- OIL $74.25 (RECORD TRADING HIGH $147.27) GAS $3.05 (reg. gas in LAND OF FRUITS AND NUTS  $3.35 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $795/ SILVER $9.73 / PLATINUM $898/ DOLLAR= .74 EURO, 101 YEN, .58 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.89% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Suckers’ bear market rally on bad or false news as ie., leading economic indicators up though all economists expected down since major components thereof (stock prices, manufacturing/industrial indices, employment, etc.) all down, economy so bad they’re going to print more worthless hyperinflationary Weimar dollars (that they don’t really have), gave another $12 billion to AIG on top of the other billions of taxpayer funds, yet none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come , The Crumbling U.S. Economy, Worse is Yet to Come  ,  Worst slump since Great Depression   ,   Rapid Downward Revisions in Expected Economic Growth  , and all this b.s. despite reality on top of previous session suckers’ 500 point swing/programmed trades to the upside into the close to close modestly lower on much worse than expected news on top of previous suckers’ bear market rally/800 point swing/programmed trades to the upside into the close on decidedly bad news …I don’t think so!

The average investment-grade industrial company bond is yielding 4.95 percentage points over Treasuries with comparable maturities, Moody's says. That's about the long-term average for much riskier junk bonds. "It's the widest level since 1932-1933," says John Lonski, Moody's chief economist. That was during the, ahem, Great Depression.

There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500.

Searching for Mr. Goodlow  [ While you certainly want to buy low (and sell high), in light of the crushing debt, deficits both budgetary/trade, global antipathy because of war crimes/profiteering, transfer of manufacturing base, and greedy frauds on wall street, corruption at all levels, etc., this time is like no other for america in the most negative sense, particularly since the average multiples for S&P for the past 5 years were based upon a huge fraud bubble and hardly a benchmark/guideline. The saying/axiom of J.P.Morgan remains apposite as ’ it is not so much the return on the money as it is the return of the money’. ]

Building starts/permits and new home sales down 8.3% and 6.3% to worst levels in 17 years, drop in consumer sentiment highest ever recorded so great opportunity to sell/take profits while you still can since smart money (and reality) say trend is much lower Billion-Dollar Fund Manager, Dow To Sink To 5,000  ,  Roubini: Dow 7,000 Likely 'Sometime Next Year'   , Dow Jones Bloodbath Mirroring 1929 Rout  Bottom should be around 27 per cent below “bailout bounce” according to analyst , since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come, (they’re so desperate for b.s./fraudulent talking points/sizzle to sell that the rumor (Microsoft to buy/destroy Yahoo) sparks rally though denied by both companies, spin lower prices as positive when reality is that economic conditions/prospects so bad that demand has precipitously fallen, Philly fed Index down sharply indicating contraction, Real Estate/Builders’ Index lowest/Worst reading since inception, lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution, volatility index at new record, previous session reality trumps the new fraud as markets can’t hide from the plethora of bad economic news albeit sugar-coated for election year purposes as retail sales down 1.2% for month and as well, year-over-year and in all regions, beige book says economic activity down in all regions  Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000    sell into rallies/strength/take profits while you can as much worse to come.

(10-17-08) 8,852.22  DOW  -127.04  –18.1% for previous week  1,711.29  NASDAQ –6.42  –15.3% for previous week   940.55 S&P –5.88  –18.3% for previous week [CLOSE- OIL $69.85 (RECORD TRADING HIGH $147.27) GAS $3.05 (reg. gas in LAND OF FRUITS AND NUTS  $3.35 REG./ $4.22 MID-GRADE/ $4.65 PREM./ $4.53 DIESEL)/ GOLD $804.50/ SILVER $9.65 / PLATINUM $913/ DOLLAR= .74 EURO, 101 YEN, .57 POUND STERLING, ETC. (How low can you go - LOWER)/ 10 YR NOTE YIELD 3.92% ..…     AP Business Highlights …           ...Yahoo Market Update... ] Absolutely, Absurdly, Ridiculous! Suckers’ 500 point swing/programmed trades to the upside into the close to close modestly lower on much worse than expected news on top of previous suckers’ bear market rally/800 point swing/programmed trades to the upside into the close on decidedly bad news …I don’t think so! Building starts/permits and new home sales down 8.3% and 6.3% to worst levels in 17 years, drop in consumer sentiment highest ever recorded so great opportunity to sell/take profits while you still can since smart money (and reality) say trend is much lower Billion-Dollar Fund Manager, Dow To Sink To 5,000  ,  Roubini: Dow 7,000 Likely 'Sometime Next Year'   , Dow Jones Bloodbath Mirroring 1929 Rout  Bottom should be around 27 per cent below “bailout bounce” according to analyst , since none of the real problems including many trillions of worthless paper, deficits budget/trade, hyperinflationary/worthless Weimar dollars being printed like mad, have even been addressed much less solved (election-year expedience) so sell into rallies/strength/take profits while you can as much worse to come, (they’re so desperate for b.s./fraudulent talking points/sizzle to sell that the rumor (Microsoft to buy/destroy Yahoo) sparks rally though denied by both companies, spin lower prices as positive when reality is that economic conditions/prospects so bad that demand has precipitously fallen, Philly fed Index down sharply indicating contraction, Real Estate/Builders’ Index lowest/Worst reading since inception, lunatic wall street frauds desperation linked to their substantial crimes and booty which must be disgorged through prosecution, volatility index at new record, previous session reality trumps the new fraud as markets can’t hide from the plethora of bad economic news albeit sugar-coated for election year purposes as retail sales down 1.2% for month and as well, year-over-year and in all regions, beige book says economic activity down in all regions  Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000    sell into rallies/strength/take profits while you can as much worse to come and remember, fool you once, shame on the wall street frauds who should be in prison, fool you twice, shame on you and you’re screwed.

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

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

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

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

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

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

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

 

 

Today

 

NOBEL PRIZE WINNING ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE    Financial terrorism: US taxpayers bail out Wall Street criminals  $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed  RICO Summary under penalty of perjury to the FBI at their request  Reality overthrows ‘history’s actors’  Report confirms Israel’s nuclear arsenal  Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year'  Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000  The Crumbling U.S. Economy, Worse is Yet to Come   Worst slump since Great Depression   Rapid Downward Revisions in Expected Economic Growth    Recession Will Last At Least Two Years: Roubini     Recession Now: It's Deep and It's Going to Last a Long Time, Sonders Says   Economist Roubini Predicts Hedge Fund Failures, Panic, Closed Markets  Markets Nosedive on Grim Economic News Evil Wall Street Exports Boomed With `Fools’ Born to Buy Debt   More from Grantham: S&P to 585. He called the bubble, how could anyone doubt his valuation (although even lower is more realistic)?   U.S. Economy: GDP Shrinks (even with fake better than expected GDP numbers from corrupt commerce department) at Fastest Pace Since 2001  Credit-Default Swaps on US Treasuries Have Risen Nearly 40 Percent Since Bailout Law Signed; Now About the Same as on Mexican and Thai Government Debt america’s credit rating will be downgraded   Where'd the bailout money go? Shhhh, it's a secret fraud (AP)   ECONOMICS GURU: WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC...  Washington is Powerless to Stop the Coming Economic Depression    Whitehead sees slump worse than Depression   Dollar’s Days Numbered, Buy Commodities: Jim Rogers    America’s economic crisis is beyond the reach of traditional solutions  Cost Of Bailout Hits $8.5 Trillion  Worst is yet to come for economy  'Crisis Only Just Beginning': Crisis/Video  Right About the Crash, Peter Schiff Sees More Pain Ahead         The Great Depression of the 21st Century: Collapse of the Real Economy   “The Dollar Standard Is Coming To An End”   Busted in Washington   Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo   Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”  America Has No Means to Recover from a Depression US budget deficit to reach USD 1 trillion     Jim Rogers calls most big U.S. banks “bankrupt”   BILLIONS VANISH IN EPIC HEDGE FUND FRAUD     Citadel suspends redemptions from two hedge funds World faces “total” financial meltdown: Bank of Spain chief  US Depression Likely -The Truth Is Here  Video: Crash Will be Worse than Great Depression   Great Recession/Depression of 2008, et seq., Worse Than All Others  IMF warns of Great Depression  Celente Correctly Predicts Revolution, Food Riots, Tax Rebellions By 2012  December 30, 2008

 

CAROLINE KENNEDY SEEKS AND SHOULD BE GRANTED CLINTON'S SENATE SEAT

Some sour grapesers say she hasn’t paid her dues; I say - a father who stood up to the military industrial complex that President General Eisenhower warned of among other johnsonesque nefarious interests, an uncle who stood against the mob among other nefarious interests, a brother who planned to run (and win) this very seat against nefarious clintonesque interests, all of whom paid the ultimate price for doing the right thing – she has paid her dues.

For those who argue that so called “lack of experience thing”, I say, look around you, look at the nation, etc., and conclude: Thank God, that is a good thing and you don’t/can’t  blame her for what currently is.  

 

Top 2008 Predictions! Ask an Analyst! You Get This!     The Coming Depression

Neocon Mental Case Bolton Has Wet Dream and Says Gaza Conflict May Result in U.S. Attack on Iran

Why should we bail out US automobile industry JEDDAH: According to reports published in Al-Seyassah, a Kuwaiti newspaper, and some other Gulf newspapers, the United States has asked four Gulf states for financial aid close to $300 billion to face...They’d be the dumbest people in the world to do so…war criminal americans who fund and support war criminal allies the war criminal israelis

‘Israeli assault of Gaza empowers Hamas objective’

The Manipulation of Gold and Silver Prices

Cynthia McKinney on CNN via YouTube - Speaks about USS Liberty

 

‘Key Ally In The War On Terror’ Breaks With U.S., Condemns Israel For Gaza Strikes

Israeli airstrikes kill 363 in four-day campaign in Gaza

Dollar Heads for Biggest Annual Drop Against Yen in Two Decades

Crude Oil Rises After Israeli Attacks on Gaza Roil Middle East

Poll: 75% glad Bush is done

 

 

Analyst: One Third Of Banks To Collapse In 2009
U.S. Economy: Home Prices Fall At Depression Pace

Recession/depression deepens, countries boost spending

New York University sues fund executive over Madoff

Wall St Santa rally small comfort after grim year; S&P set to end year down 40%...

Consumers cut spending, job outlook bleak

 

Borrowing from Peter to Pay Paul: The Wall Street Ponzi Scheme Called Fractional Reserve Banking

Half of middle class home owners realistically fear their properties could be repossessed next year

Almost one in 10 Floridians are on food stamps

Online holiday sales fall 3 percent

Madoff liquidation trustee receives $28M for costs (AP)

Charlotte, NC, home values post record decline (AP)

Wrong Great Depression Lessons Will Haunt Equities in 2009

 

73,000 retailers to close in first half of 2009, Stocks Rally  Bloomberg | U.S. retailers face a wave of store closings, bankruptcies and takeovers starting next month as holiday sales are shaping up to be the worst in 40 years   There’s No Pain-Free Cure for Recession/Depression

 

Schiff: Government Interference Only Makes The Problem Worse Paul Joseph Watson | Establishment talking heads still pushing useless and destructive bailout.

A Ponzi Scheme Within A Ponzi Scheme Bob Chapman | Dwarfing the Madoff Ponzi scheme is the Social Security Ponzi scheme that has been looted (the iou’s) and is hopelessly insolvent.

Corporate Media Notices War College Report on Economic Crisis Kurt Nimmo | It took a while for them to come around, but the corporate media has finally taken note of the U.S. Army War College report predicting civil unrest due to the private bank engineered economic crisis.

 

As if Things Weren’t Bad Enough, Professor Correctly Predicts End of U.S.  Wall Street Journal | A polite and cheerful man with a buzz cut, Mr. Panarin insists he does not dislike Americans. But he warns that the outlook for them is dire.

CAIR says Israel has turned Gaza into a giant jail

No evidence to convict 10,000 detainees– U.S. commander

Editorial: Dismal lack of willpower The relatively muted response from the capitals of the Western world over the conflict in Gaza is a sad testament to a kind of collective failure of the will and imagination on all our parts, commented…

 

israeli rabid rabbis: Thou shalt kill civilians, the story of the self-destructive Christ-killing jews who through avarice, bloodthirst, and pure evil continue their fraud, murdering, plundering, stealing, corruption, etc., until fed up, people react in a drastic but effective and if you believe in the israeli eye-for-eye prescription, just way. Simply stated, israelis are 21st Century Nazis Press TV | Four leading Israeli rabbis have sanctioned the murder of civilian population in the Gaza Strip amid the Israeli massacre in the region.
BBC Video on Dignity, Gaza-bound Humanitarian Ship Rammed by Israelis BBC | An Israeli foreign ministry spokesman admitted there was “physical contact” with the boat but the Free Gaza Movement claims the boat was rammed.

Slaughter in Gaza: Another Chapter in the Global Master Plan

Israel warns america-funded Gaza blitz could last weeks

Kucinich: UN should investigate Israeli Gaza strikes

Obama adviser preposterously aligns with White House in criticism of rocket attacks on israel

israel: Don’t even speak about peace israel’s envoy to the United Nations says that there will be no negotiations about peace, as Tel Aviv attacks Gazan civilians for a third day leaving the complete elimination of Israel as the rational, civilized solution.

 

BLAGO STRIKES BACK!

RNC accuses Bush of going socialist...

Iran sets up court to try Israelis...
Widening range, rockets hit kindergarten...
Israeli army launches YOUTUBE channel...
Cynthia McKinney 'relief boat' rammed by Israeli navy...

Bankruptcies, Store Closings Loom at Retailers Amid Holiday Debacle...
CHANEL lays off staff as crunch hits lux brands...

 

Pros Say: Employment Collapse is Coming

Holiday Sales Slump to Force U.S. Store Closings, Bankruptcies

Manufacturing, Home Prices Sank: U.S. Economy Preview

israel declares 'all-out war'

US dumb bomb comes handy

Don’t fall for Israeli propaganda ONCE again Israel seeks to defend the indefensible in an attempt to cloak its crimes against humanity with the mantle of self-defense. As its American-manufactured bombs and missiles pound a virtually unarmed starving population, Israeli officials appear on just about every satellite news network singing from the same propagandist song sheet.

CHINA: USA LOST STRENGTH IN 2008; RUSSIA GAINED

REDS: China, Russia military chiefs hold first phone call...
UPDATE: Professor Predicts End of USA...

Congress pay raise protested...

 

FINAL WEEK: Wall St. faces record losses in 2008...
Sales Plummet; Discounts Don't Revive Holiday Spending; High-End Walloped...

Cash-strapped states weigh selling roads, parks (AP)

Holiday report: E-commerce dips, electronics plummet

 

OIC, GCC denounce massacre in Gaza

Gaza toll passes 350 in 3rd day of Israeli strikes

Israel rains death on Gaza

Israel set for ground invasion
Slaughter in Gaza: Another Chapter in the Global Elite Master Plan Kurt Nimmo | Bombing Gaza with deadly U.S. GBU-39 missiles is but a small detail in a larger plan to decimate Arab and Muslim societies.

Israel Accused Of Massive War Crime Atrocities

Israeli Troops Mass Along Border; Arab Anger Rises

World protests Israeli massacre in Gaza

 

Crude Oil Rises After Israeli Attacks on Gaza Roil Middle East

 

YouTube Places CIA Recruitment Ads on Alex Jones Search Results Kurt Nimmo | It is likely a psychological operation designed to discredit Alex Jones or a brazen attempt to recruit agents.

School Children Put in Solitary Confinement Cells, Practice Common

 

AIR STRIKES ON GAZA...
MORE THAN 1000 WOUNDED...
REACTION…THE REACTION SHOULD BE THE OVERWHELMING CONDEMNATION OF DEFACTO OEDIPAL EFFECT; THAT IS, ISRAEL CREATING EXACTLY WHAT THEY PURPORT TO BE DETERRING/AVOIDING/PREVENTING, A PLAY OUT OF AMERICA’S FAILED PLAYBOOK WHICH HAS BANKRUPTED THE NATION FINANCIALLY, ECONOMICALLY, AND GEOPOLITICALLY…DO THE PEACE…THEY TALK ABOUT SEPARATE STATE AND SEPARATE WOULD BE JUST FINE…BUT OF COURSE, THEY ARE NOT ABOUT PEACE AT ALL, BUT NEOCONS/ZIONISM/FOOLISHLY FLAWED STRATEGY…FORCE THE PEACE…LIKE AMERICA, THE COWARDLY MILITANT BULLY ISRAEL CHOOSES WEAKER/DEFENSELESS FOES INCLUDING INNOCENT CHILDREN, WOMEN, MEN…FORCE THE PEACE …..
Iran orders Muslims to defend Palestinians... 
Islamic university bombed...
100 targets....
Escalate?
Israeli troops mobilize...
Fear of rockets sends hospital underground...
London: Violent protesters 'try to force their way in' to Embassy...

Israel mounts third day of Gaza raids, 307 killed

 

AIR STRIKES ON GAZA...
MORE THAN 700 WOUNDED...
REACTION...
Arab world slams Israel...
Mosque hit...
100 targets....
Panic...
Escalate?
Israel reinforces troops at border...

Russia braced for unrest; Moscow continues rouble devaluations...

 

 

Holiday Sales Tumble as US Consumers Reduce Luxury Purchases

Bleak economic picture emerges from new data

Retail Sales Plummet

Holiday Sales Tumble as US Consumers Reduce Luxury Purchases

Bleak economic picture emerges from new data

 

Wages, It all gets down to wages

Conflict Between Pakistan and India: Realizing RAND’s Plan for World War Three. Could people be so stupid as to be so self-destructively duped? Lamentably the answer is yes.

Israel attacks Gaza, more than 155 reported killed

 

Barack Obama: The Naked Emperor  Shocking but true revelations from David Icke (a must read) | Vast numbers of people across the world, including many who should know better, have been duped by the mind-game called Operation Obama.…. (excerpts) Obama has been the chosen one for a long time, a fact known only to a few in the deep inner circle, and his relationship with Brzezinski almost certainly goes back to the start of the 1980s when he attended the Ivy League, and big-time Illuminati, Columbia University where Brzezinski was head of the Institute for Communist Affairs. Obama simply will not talk in any detail about this period. He has been covertly funded and supported ever since by the Trilateral Commission and its network of foundations connecting into the Ford Foundation, for whom Obama’s mother worked. And a question: Does anyone really believe that someone, a ‘man of the people’, would simply appear from apparently nowhere to run the slickest and best-funded presidential campaign in American history? He was chosen long ago by those who wish to enslave the very people that Obama says he wants to ’set free’. The sources of Obama funding read like a Wall Street Who’s Who - Goldman Sachs, UBS, Citigroup, Credit Suisse, Deutsche Bank, J.P. Morgan Chase, Morgan Stanley, and so on. No wonder he went back on his pledge to accept the limitations of public funding for his campaign and instead took the no-limit option of ‘private’ funding…Then there is the Jewish financier, George Soros, the multi-billionaire associate of Brzezinski and closely involved with the funding and marketing of Obama. Soros is a former board member of the Illuminati’s Council on Foreign Relations and funds the European Council on Foreign Relations. In short, he is a major insider… You can certainly see the Soros/Brzezinski techniques in the Obama ‘revolution’ in the United States. It was the complex and secretive network of Soros foundations and organisations, connected to the intelligence agencies of the US and Israel, that trained and funded students in the Ukraine, Georgia and elsewhere in the art of mass protest and overthrowing governments. These manufactured protests were sold to the world as ‘peoples’ revolutions’, but it just so happened that when they were over and the old regime was removed the new leaders were those waiting in the wings all along - the puppets of Soros, Brzezinski and their associated networks. Obama is just more of the same, a big smile with strings attached, and controlled completely by the Illuminati networks that chose him, trained him, sold him and provided his record funding. It was they who kept his many skeletons under wraps, like the gay sex and crack cocaine allegations of Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?…), and they will continue to do so as long as he jumps to their bidding. Obama is just another Banksters’ moll prostituting himself for fame and power, and that’s why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street ‘A’ list, including Paul Adolph Volker (Trilateral Commission, Council on Foreign Relations, Bilderberg Group), the head of the Federal Reserve from 1979 to 1987 and Illuminati to his fingertips.  Obama has made him head of the Economic Recovery Advisory Board, which is dominated by insiders, including its staff director and chief economist, Austan Goolsbee, a close Obama associate from the University of Chicago. Goolsbee is an initiate of the infamous Illuminati Skull and Bones Society at Yale University, which also includes Boy and Father Bush.  It was Goolsbee who told the Canadian government not to worry about Obama’s attacks on the economic effects of ‘free trade’ agreements because his words were just to win votes in the election campaign. Another Wall Street insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was appointed by Obama to be his Treasury Secretary. Geithner was the President of the New York Federal Reserve Bank, the most powerful in the private ‘Federal’ Reserve cartel that masquerades as America’s ‘central bank’, and he is a former employee of both the Council on Foreign Relations and the appalling Kissinger Associates.  Obama’s Treasury team locks into the inner circle around the Zionist Robert Rubin, the Director and Senior Counselor of Citigroup, co-chairman of the Council on Foreign Relations, and economic advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the man behind Citigroup’s strategy of expanding its risk in debt markets which forced it to be rescued by taxpayers’ money. The very people who caused the financial crisis are being appointed by Obama to decide how to respond to it (more taxpayers’ money for them and their friends)…

 

Angry Government Employees Protest Lay Offs

U.S. Army Ready If The Downturn Gets Out Of Hand

Russia to raise nuclear missile output fourfold

Russian probe accuses Georgia of genocide in conflict

Russia orders 70 strategic nuclear missiles by 2011: report

Russia, China warn of dire economic straits in 2009...
Russia to raise nuclear missile output fourfold; More tanks, ships and planes...
Beijing Considers Upgrades to Navy...

Existing home sales plunged to a rate of 4.49 million last month, down 8.6 percent from October, and worse than economists predicted. Total sales, not calculated as an annual rate, fell 17 percent in November from a year earlier to 322,000, sales of newly built homes fell 2.9 percent from October to a pace of 407,000 units, the slowest rate in nearly 18 years. Madoff investor found dead of suicide. Standard & Poor's lowered the unsecured debt rating of General Motors (GM 3.01, -0.51) to C from CC, even though the government plans to provide GM with financing and Moody's lowered Ford's (F 2.19, -0.40) credit rating to Caa3. Final third quarter GDP data showed economy contracted at an annualized rate of 0.5%, unchanged from the prior reading though personal consumption component was down 3.8%.

IMF warns of Great Depression
100% chance of depression in US
Depression Hits Detroit: Average home price $18,513 - Unemployment rate 21%
U.S. Home Resales Fall; Prices Drop by Record 13.2%
Congressman: “If We’re Not Very Lucky Or If We Don’t Do Everything Right, We Could Easily Have A Ten- Or Fifteen-Year Depression”

French Madoff investor found dead in NY office
No Christmas cheer as recession/depression gathers steam
Wall Street stumbles on economic data, retail anxiety (Reuters)
Dow falls for 5th straight session on grim data
Economy and housing sales post declines

FDNY Lieutenant Admitted Plan To ‘Take Down’ WTC 7
International criminals  There is pressure building on the incoming Obama Justice Department to somehow adjudicate the war crimes committed by the George W. Bush administration, starting at the top. The political problem is that these crimes also implicate leading Democrats, thereby rendering true justice nearly impossible.

CIA warned Condi on Niger claim A high-ranking CIA official warned Condoleezza Rice in September 2002 that allegations about Iraq seeking yellowcake uranium from Niger were untrue and that she, as national security adviser, should stop President George W. Bush from citing the claim in making his case against Saddam Hussein’s regime, according to new evidence released by a House committee.

Credit crunch Britain must learn the lessons of Nazi Germany, warns Archbishop The Archbishop of Canterbury has risked new controversy after he appeared to draw parallels between Gordon Brown’s Government and the Nazis.

One-state solution gains supporters

Obama wants Bush war team to stay...
...Gates to keep most Bush appointees

Barney Frank: Obama 'Overestimates' Ability to Charm ...

 

Housing crisis worsens as economy weakens

Japan recession deepens, China cuts rates

Great Recession/Depression of 2008, et seq., Worse Than All Others

After Hours: GM, Ford ratings cut; CIT Group shares jump on more wall street bailout hype with hopes for taxpayer funds for nothing up nearly 8%

 

AP Impact: Wall Street still flying corporate jets; indeed, with all the bashing of auto rank and file employee pay, the reality is that american executives, among the least able, least talented in the world, along with fraudulent wall street are grossly overpaid and far exceeding that of their far more able foreign counterparts (AP)

Where'd the bailout money go? Shhhh, it's a secret (AP)  AP - It's something any bank would demand to know before handing out a loan: Where's the money going? But after receiving billions in aid from U.S. taxpayers, the nation's largest banks say they can't track exactly how they're spending the money or they simply refuse to discuss it.

AP study finds $1.6B went to bailed-out bank execs

 

Ratings Agencies Play Reality With Multiple Downgrades in Banking Sector (at Seeking Alpha)
Archbishop warns of dangers with economic dogma...
Sees parallels in new politics and Nazi Germany...

 

Cheney: We Asked If We Needed Approval For Wiretapping, Congress Told Us ‘Absolutely Not’

Obama & Biden Make Big Mistake in Protecting Bush Administration Criminals

Mike Connell was warned not to fly before plane crash WMR | WMR has learned from our Ohio sources that five threats against Connell were conveyed to the election fraud plaintiff attorneys with the last tip being “Connell is in danger.”

Where’d the bailout money go? Shhhh, it’s a secret AP | After receiving billions in aid, the nation’s largest banks say they can’t track exactly how they’re spending the money or they simply refuse to discuss it.

World faces “total” financial meltdown: Bank of Spain chief AFP | The governor of the Bank of Spain issued a bleak assessment of the economic crisis, warning that the world faced a “total” financial meltdown unseen since the Great Depression.

IMF warns of ‘disturbing’ UK debt BBC | Public debt has risen to £650bn, 44.2% of UK gross domestic product. Consumer debt is more than £1.4 trillion.

Hedge funds gain access to $200bn Fed aid Financial Times | Hedge funds will be allowed to borrow from the Federal Reserve for the first time under a landmark $200bn programme intended to support consumer credit.

Obama will not prosecute Bush and Cheney for 9/11, war crimes Joseph Lopisi | Mark my words. Obama will not hold the Bush administration liable for violating the Constitution or for crimes including treason, 9/11, financial fraud, mass murder and war crimes.

US military ‘to defy’ Iraqi pact  Gareth Porter | U.S. military leaders and Pentagon officials have made it clear that they plan to violate a central provision of the withdrawal agreement by reclassifying combat troops as support troops.

Madoff: “I’m very close with the regulators.”

Ex-Israeli Gen.: war criminal nation israel can’t defeat Iran

Mike Connell was warned not to fly before plane crash

Video: Crash Will be Worse than Great Depression Infowars | Interview with economist Nassim Nicholas Taleb and mathematician Dr. Mandelbrot who predict a depression far worse than anything we have ever seen.

Banks Keep Mum on What they Did with Bailout Cash

Rice: Obama will likely continue Bush’s failed approach to foreign policy despite promised change. Could he be that dumb? If so, then wobama y

Bush Insider Who Planned To Tell All Killed In Plane Crash, Non-Profit Demands Full Federal Investigation

 

cheney, Mr. Dead-Man-Walking, along with dumbya bush are at once the biggest jokes and the most destructive (of america and other nations, globally) purveyors of incompetence, decline, war crimes, etc., in american history and who should be in jail, is in no position to mock Biden or anyone else for that matter...

China blocks Internet access to New York Times

 

Senate-for-sale case threatens new chief of staff jewmanuel f

Gaza violence: israel at it again

Israel threatens major offensive against Gaza...
Egypt warns...

 

Closely Watched Hedge Fund Seen Cutting Back on Stocks

Get Ready to Scrimp and Save, Says Economist Shilling

Nazi Economics LewRockwell.com | Nearly every day brings new reports of the collapse of a large financial institution or the impending bankruptcy of a major company.  Ron Paul: Fear Based Bailouts Constitute Economic Terrorism Steve Watson | Rep. Ron Paul has warned that fear-based politics are being used to promote the bailout culture in the same way they were used to sell the Iraq war.

He Saw the Crash Coming: What Gary Shilling Sees for 2009    Yes, he’s using  the d for depression word so If video unavailable, here for avi rendering.

Rogers: The Incompetent Senile and Vegetables Have Turned A Recession Into A Depression

 

SCROOGE BIDEN: ECONOMY IS 'ABSOLUTELY TANKING'

SWINDLER'S LIST: Gov't Toughens Bail Conditions For Madoff...

CONGRESS GIVES ITSELF RAISE FOR JOBS POORLY DONE AND CAUSING NATIONAL AND GLOBAL DISASTER...
 

kissinger is Clearly Senile and Calls For New International System Out Of World Crises

Lebanon says israeli provocateurs invade Southern Lebanon and Take as hostages two
Lebanese men (AFP)

SWINDLER'S LIST: Gov't Toughens Bail Conditions For Madoff...

Anti-Semitism floods Internet...

 

JP Morgan CEO and Citi's Rubin won't seek bonuses; figure why press their luck/fraud/incompetence; they’ve stolen enough: report (Reuters)

A Most Desperate Move by the Fed

Dollar’s Slump Erases Months Of Solid Gains

“The Biggest Bubble Of All . . . U.S. Government Debt”

Video: Crash Will be Worse than Great Depression

U.S. Stocks Fall on Concern Fed Is Running Out of Ammunition

 

Career Army Officer Sues Cheney, Rumsfeld For 9/11 Complicity

Olbermann: ‘The president is just full of crap’

Book: Tenet drunkenly mocked Bush neocons, right-wing Israelis

Dick Cheney’s fantasy world

Cheney Lauds Obama Security Team; thats not a good thing

Psy-Ops in the Nick of Time

Assaults on border agents increase

PAPER: Rham Emanuel talked directly to Blago... Developing...

 

Pakistanis stage massive anti-US rally

Barak backs purposeful US-Iran dialogue

 

Gaza militants fire rockets after deadly Israeli raids (AFP)

Israel launches two more air strikes on Gaza: witnesses (AFP)

 

CAROLINE KENNEDY SEEKS AND SHOULD BE GRANTED CLINTON'S SENATE SEAT

 

Fed unleashes greatest bubble of all John Kemp | Like the sorcerer’s apprentice, Federal Reserve Chairman Ben Bernanke and his predecessor Alan Greenspan have unleashed a series of ever-larger asset bubbles they cannot control.
U.S. Records Huge Current Account Deficit
Canadian Prime Minister Stephen Harper believes a depression is COMING

Peter Schiff new VIDEO on the Coming Collapse Dec 16 We will follow in the footsteps of ARGENTINA not JAPAN.

 

Scholar: Cheney confessed to war crime

Russian treason bill, Neocon/bushesque and a throwback to the old failed soviet union (how regressive and pathetic), targets Kremlin critics Associated Press | New legislation backed by Putin would allow Russian authorities to label any government critic a traitor — a move that rights activists say is a chilling throwback to times of Soviet dictator Josef Stalin.

Blasts kill 18 and wound 53 in Baghdad

Swiss gold bullion in huge demand as trust in banks dives

Goldmine Sachs: Bank’s bonuses cut to a ‘mere’ £142,000 EACH Investment bank /taxpayer bailout funds recipient Goldman Sachs is to pay £4.3billion in bonuses to its City workers.

Dollar Falls Most Against Euro Since 1999 Debut on Fed’s Rate

Dollar Declines to 13-Year Low Against Yen After Fed Rate Cut

Federal spending soars 25% -- even before bailout...

Editorial: What ails global financial system ‘The $50 billion investment fraud to which the respected New York financier and former NASDAQ Chairman Bernard L. Madoff has allegedly confessed, may prove to be the paradigm for all that has gone wrong with the international financial system. It points up the greed, incompetence and woeful wishful thinking that have all combined to produce economic meltdown and plunge the world into recession. Most staggering is the stupidity of both regulators (and government corruption/venality vis-à-vis wall street) and professional investors in failing to spot that for at least a decade, at the heart of his hedge fund operations, Madoff was running a pyramid scheme. This relied on new investment funds to pay out market-beating returns to existing investors…..’ This is wall street every day with their eating away at other peoples money to the tune of hundreds of millions of dollars a day based on nothing but bull s**t and fraud!

Arizona Police Trained for Economic Civil Unrest
IMF Chief Warns Of Riots In Response To Economic Crisis

Neocon Gaffney: 4000 US Troops ‘Had To Die’ In Iraq Steve Watson | Renowned neocon says he is “delighted” the illegal invasion went ahead regardless of fabricated intelligence.

 

CAROLINE KENNEDY SEEKS AND SHOULD BE GRANTED CLINTON'S SENATE SEAT

Not just super rich caught up in $50B Madoff case

More banks reveal Madoff exposure
Army ‘Strategic Shock’ Report Says Troops May Be Needed To Quell U.S. Civil Unrest

Police State War Against Photojournalism

The Purpose of the Economic Meltdown Carolyn Harris | We all know economic depression here, and some of us have an inkling about what is coming.

U.S. Turns on the Printing Presses to Churn Out Worthless Weimar Dollars To Save Debtors While at the Same Time Destroy Creditors and Debtors

 

Federal Reserve sets stage for Weimar-style Hyperinflation , etc., so sell into these suckers bear market rallies/strength/take profits while you can since much, much worse to come. Economist Brusca “the economy is sinking fast”, FOMC states that “data indicate deteriorating labor conditions and declining consumer spending, business investment, and industrial production, and the outlook for economic activity has weakened further”,  F. William Engdahl “The US economy is in a depression free-fall of a scale not seen since the 1930’s”, BILLIONS VANISH IN EPIC HEDGE FUND FRAUD Downturn Spurs “Survival Panic” for Some in the U.S.

Israel shuts Gaza again as freedom fight escalates

 

NY BUDGET BLOWOUT: 88 NEW FEES, TAXES

Bernard Madoff arrested over alleged $50 billion fraud Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," with estimated investor losses of about $50 billion, according to the U.S. Attorney's criminal complaint against him. Bernard Madoff arrested over alleged $50 billion fraud (Reuters)

 

Report: Bush masked cost of wars that could top $1.7 trillion    Bush Tries To Rewrite History: ‘I Never Said The Taliban Was Eliminated (LIE!)’

The Two Trillion Dollar Black Hole Pam Martens | The U.S. taxpayer is funding little more than Ponzi schemes…   Financial Crisis Tab Already In The Trillions...
Celente Correctly Predicts Revolution, Food Riots, Tax Rebellions By 2012 Paul Joseph Watson | Trend forecaster, renowned for being accurate in the past, says that America will cease to be a developed nation within 4 years, crisis will be “worse than the great depression.” The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than buying Christmas gifts by 2012.
Layoffs mount, economic crisis deepens in the US | Mass layoffs, bankruptcies and negative labor market data — all indicate the US is entering a deep economic crisis.
Foreclosure rates up 25 percent year-over-year

Washington is Powerless to Stop the Coming Economic Depression    Whitehead sees slump worse than Depression   Dollar’s Days Numbered, Buy Commodities: Jim Rogers    America’s economic crisis is beyond the reach of traditional solutions

Cost Of Bailout Hits $8.5 Trillion Paul Joseph Watson | Total sum represents 60 per cent of GDP and yet is but a small fraction of the hundreds of trillions of dollars “worth” of worthless securitized paper at the core of the problems which they are afraid to address.

FDIC Troubled Bank List Grows to 46% - Is Your Bank Safe? (at Seeking Alpha)

October home sales and inventories fall

Consumers cut spending

Stocks on win streak amid more bad economic news
Cisco plans 4-day shutdown to cut costs

October home sales fall sharply (Reuters)

Sacrifice We Can Believe In Kurt Nimmo | Sacrifice for you and me, of course, not for Obama or Hank Paulson and not for their global elite bosses.
As mortgages went bad, executives cashed out

U. S. auto bailout tip of iceberg, analysts warn

Economy shrinks at fastest pace in seven years

 

Beck: States should secede from America to protest bailouts.  Today on his radio show, conservative talker and future Fox News personality Glenn Beck suggested that states should “secede” from the union to protest the recent string of Wall Street bailouts.

 

Financial Disaster Will Lead to Civil Disorder in 2009 or 2010, Says Secret Citibank Memo An internal memo from a top Citibank analyst reveals what the banks really think about the global financial situation, and the outlook is grim.

 

Home values to lose well over $2 trillion during 2008 and more losses in 2009: Zillow (Reuters)

More banks reveal Madoff exposure

Banks hit worldwide by US 'fraud'

As Rates Race to Zero, Printing Presses Gear Up When the Federal Reserve policymakers decide on interest rates Tuesday, investors will probably look one step beyond their decision, to gauge how much money will the Fed be willing to print once it is out of rate ammunition.

Farrell’s 15 Ghosts of wallstreet/economic Past/Present/Future

 

CAROLINE KENNEDY SEEKS AND SHOULD BE GRANTED CLINTON'S SENATE SEAT

 

Iraqi reporter throws shoes at Bush, calls him dog – That shoe fits! (Reuters)   Arab world hails shoe attack as Bush’s farewell gift

Fund Fraud Hits Big Names; Madoff's Clients Included Mets Owner, GMAC Chairman, Country-Club Recruits...
...HSBC FALLS VICTIM
PALM BEACH ENCLAVE, STUNNED BY AN INSIDE JOB...

RAHM IN THE MIDDLE...  On Tape...     'Aides Discussed Senate Seat'...

BOX: 'EARTH STOOD STILL' TOP...

 

Not just super rich caught up in $50B Madoff case

Tokyo full moon lunacy pace gains, ignoring bad news, data

UK house prices 'to fall by 30%'

 

Israel warned against halting cash flow to Gaza (AP)

More banks reveal Madoff exposure
How Much Coverage Do We Get?

Customers of a failed brokerage firm get back all securities (such as stocks and bonds) that already are registered in their name or are in the process of being registered. After this first step, the firm?s remaining customer assets are then divided on a pro rata basis with funds shared in proportion to the size of claims. If sufficient funds are not available in the firm?s customer accounts to satisfy claims within these limits, the reserve funds of SIPC are used to supplement the distribution, up to a ceiling of $500,000 per customer, including a maximum of $100,000 for cash claims. Additional funds may be available to satisfy the remainder of customer claims after the cost of liquidating the brokerage firm is taken into account.

What Happens After A Failure

• Best case scenario: Your shares are quickly transferred to another broker-dealer, and you can resume selling or buying as needed.
• Worst case scenario: Your brokerage firm has poor records, is put into liquidation, and the court-appointed trustee will notify you and send a claim form and instructions. You send it in, and you could wait months to receive your stock certificates back.

Report: Google Seeking To Cut Net Censorship Deals What hypocrites!
Update: Marine “Military Presence” Confirmed in San Bernardino County

Trends Forecaster Celente: Greece-Style Riots Coming To U.S.  Paul Joseph Watson | Troops and mercenaries will be used to detain Americans in prison camps, warns deadly accurate trends forecaster. Frighteningly accurate trends forecaster Gerald Celente says that America will see riots similar to those currently ongoing in Greece and that the cause will be a hyper-inflationary depression, leading to the inevitable use of troops and mercenaries to deal with the crisis as Americans are incarcerated in internment camps.

Radical US Federal Reserve action expected with rate cut

jewmanuel the adviser on gov tape

Obama’s Economic Team Planning for Global Economic Collapse

Bush on the invasion of Iraq leading to al-Qaeda presence: ‘So what says the war criminal, burnt out drunk, murderer of innocent men, women, children, destroyer of his own and that nation among others’

Dollar Staggers as U.S. Unleashes Cash Flood, Deficit

Home values to lose well over $2 trillion during 2008: Zillow Homes in the United States have lost trillions of dollars in value during 2008, with nearly 11.7 million American households now owing more on their mortgage than their homes are worth, real estate website Zillow.com said on Monday.

 

USA Excluded From Latin American Summit as China, Russia, Iran Loom Large...

 

Iraq Approves U.S. Security Pact as Violence Flares - NY Times
Iraq-USA, Politics, 12/9/2008
Iraqis comment on US troop deal - BBC
Iraq-USA, Politics, 12/9/2008
Anger as Egypt sheikh meets Peres - BBC
Egypt-Israel, Politics, 12/9/2008
How a murder investigation could snarl Mideast peace - CS Monitor
Lebanon-Syria, Politics, 12/9/2008
Syria inches in from the cold - BBC
Syria, Politics, 12/9/2008
Sadr Movement Seeks Its Way As Others Gain Power in Iraq - WashingtonPost.com
Iraq, Politics, 12/9/2008
Out by June: UK plans Iraq withdrawal - Guardian Unlimited
Iraq-UK, Politics, 12/9/2008
Basra vote aims to benefit from Iraq oil wealth: planner - Yahoo! News
Iraq, Politics, 12/9/2008
In Iraq, 'a Prison Full of Innocent Men' - WashingtonPost.com
Iraq, Politics, 12/9/2008
Iraq outlines regional plan for security, development - Yahoo! News
Iraq, Politics, 12/9/2008
Attorneys for Indicted Blackwater Guards Lash Out at Justice Dept. - WashingtonPost.com
Iraq-USA, Politics, 12/9/2008
U.S. declines to free Reuters photographer in Iraq - WashingtonPost.com
Iraq-USA, Politics, 12/9/2008   
New Tensions in Jerusalem’s Arab Neighborhoods - NY Times
Palestine-Israel, Politics, 12/9/2008
 US criticized at UN session on terrorism - WashingtonPost.com
Regional-USA, Politics, 12/9/2008

 

THE TYPICAL WALL STREET JEW WHO COANNED THE WORLD...
Madoff fallout spreads; Banks report potential losses of $10B...
Investors May Get Protection From Government...
Charities hit hard...

 

Geneva banks lost more than $4 billon to Madoff: report

Citadel suspends redemptions from two hedge funds

Madoff fraud case raises questions about SEC (AP)

Fed regulators shut 2 banks in Georgia, Texas (AP)

Bernard Madoff arrested over alleged $50 billion fraud Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," with estimated investor losses of about $50 billion, according to the U.S. Attorney's criminal complaint against him. Bernard Madoff arrested over alleged $50 billion fraud (Reuters)

 

“New Rules” for Obama’s National Civilian Security Force

Collapse of Pension Funds: The End of Retirement?

Congressman: Fed “Bamboozling” Americans

Top socialites face ruin...
Wall Street's biggest scheme...

BILLIONS VANISH IN EPIC HEDGE FUND FRAUD

Obama Team Interest Encourages Paulson Treasury Mortgage Plan of new fraudulent securities to generate wall street fraud commissions. How dumb can they be? Very!

8 really, really scary predictions  Nouriel Roubini | Known as Dr. Doom, the NYU economics professor saw the mortgage-related meltdown coming. We are in the middle of a very severe recession that’s going to continue through all of 2009 - the worst U.S. recession in the past 50 years. It’s the bursting of a huge leveraged-up credit bubble. There’s no going back, and there is no bottom to it. It was excessive in everything from subprime to prime, from credit cards to student loans, from corporate bonds to muni bonds. You name it. And it’s all reversing right now in a very, very massive way. At this point it’s not just a U.S. recession. All of the advanced economies are at the beginning of a hard landing. And emerging markets, beginning with China, are in a severe slowdown. So we’re having a global recession and it’s becoming worse. Things are going to be awful for everyday people. U.S. GDP growth is going to be negative through the end of 2009. And the recovery in 2010 and 2011, if there is one, is going to be so weak - with a growth rate of 1% to 1.5% - that it’s going to feel like a recession. I see the unemployment rate peaking at around 9% by 2010. The value of homes has already fallen 25%. In my view, home prices are going to fall by another 15% before bottoming out in 2010.

BANK OF AMERICA to cut 35,000 jobs...
...final could be higher
Shocking but true claim: Most big banks 'bankrupt'...

 

Greek-inspired demonstrations spread

Gates Memo Announces Final Assimilation of National Guard and Reserve Carolyn Harris | The recommendations that are so disturbing are those involving the assimilation the National Guard and Reserves into the regular US military, under control and management of the DoD.

Top Homeland Security Official Arrested After Allegedly Hiring Illegal Aliens to Clean Her Home

U.S., Mexico Mostly Silent About Deaths of American Tourists South of the Border

Obama will nuke Iran if Israel nuked, official says

Settlements blocking agreement, says Qorei

CHICAGOLAND: RAHM REFUSES QUESTIONS
Case Confirms Rezko Talking With Prosecutors...

 

New unemployment claims surge unexpectedly

Ron Paul: Printing Money Only Prolongs The Pain Amidst the hand-wringing of the automaker bailout debate, Ron Paul took the opportunity on the House floor yesterday to remind Congress that the real culprit behind the financial crisis is the Federal Reserve, and that allowing the Fed to continue to print money without audit will only prolong the pain.   

US budget deficit to reach USD 1 trillion

Jim Rogers calls most big U.S. banks “bankrupt”  Jim Rogers, one of the world’s most prominent international investors, on Thursday called most of the largest U.S. banks “totally bankrupt,” and said government efforts to fix the sector are wrongheaded.

CORRECTED - CORRECTED-(OFFICIAL)-UPDATE - Wells Fargo to take $40 bln Q4 charge

German FM criticises Britain’s ‘crass Keynesian’ policies: report The German finance minister has launched a highly unusual attack on Britain’s economic stimulus package, saying it will not fend off recession but will leave the next generation saddled with debt.

 

Bernard Madoff arrested over alleged $50 billion fraud Madoff told senior employees of his firm on Wednesday that "it's all just one big lie" and that it was "basically, a giant Ponzi scheme," with estimated investor losses of about $50 billion, according to the U.S. Attorney's criminal complaint against him. Bernard Madoff arrested over alleged $50 billion fraud (Reuters)

Gates Memo Announces Final Assimilation of National Guard and Reserve Carolyn Harris | The recommendations that are so disturbing are those involving the assimilation the National Guard and Reserves into the regular US military, under control and management of the DoD.

Top Homeland Security Official Arrested After Allegedly Hiring Illegal Aliens to Clean Her Home

U.S., Mexico Mostly Silent About Deaths of American Tourists South of the Border

Obama will nuke Iran if Israel nuked, official says

CHICAGOLAND: RAHM REFUSES QUESTIONS
Case Confirms Rezko Talking With Prosecutors...
Feds subpoena TRIBUNE...
BLAGOSPHERE: 'OPEN GOVERNMENT' SITE CENSORS QUESTIONS...
Jackson Jr. denies wrongdoing...

GOP Senator Warns of ‘Riots’ if Automakers Are Bailed Out

BANK OF AMERICA to cut 35,000 jobs...
...final could be higher
Shocking but true claim: Most big banks 'bankrupt'...

 

Foreclosure Storm Will Hit US in 2009 as Loan Changes Fail Bloomberg

Retail sales post big drop in November

Lawmakers rap Treasury on bailout plan

Whitney: Banks On Life Support Next 18 Months Influential bank analyst Meredith Whitney remains bearish about the economy, and her outlook for the banks that “lubricate the economy” is grim.

Worsening Spending Slump Paces ‘Scary’ U.S. Recession The biggest slump in U.S. consumer spending since 1942 will extend the recession and push the jobless rate to the highest level in a quarter century, according to economists surveyed by Bloomberg News.

Treasury Bills Trade at Negative Rates

Is the Fed Taking the First Steps to Selective Default and Devaluation?  ABOLISH THE FED; THEY’RE PROVEN F**K UPS! Jesse’s Cafe Americain | The Fed is asking Congress about permission to issue their own debt directly, not tied to Treasuries. Fed Hides Destination Of $2 Trillion In Bailout Money

Obama Lies About Meeting Blagojevich

Countdown: Comment on the Bush Legacy Keith debunks the talking points memo put out by the Bush administration trying to rewrite his legacy of abject failure.

Real Cost Of Bailout So Far: $5 TRILLION - $7.4 TRILLION - $8.5 TRILLION!

 

Wall Street stung by risk-aversion and realistically  bleak outlooks

Point of no return: Interest on T-bills hits zero

Tightening Budgets Mean a Rough Ride for IT

Economic crisis: US, China and the coming monetary storm

FIRST TIME: Treasury Bills Trade at Negative Rates...

 

Tortured Patsies “Confess” To 9/11 Paul Joseph Watson | And it has nothing to do with the waterboarding, cattle prods or sleep deprivation — they just wanted to get it off their chest.

Blagojevich Arrested On Corruption Charges After Going Up Against Bank of America

Zbigniew Brzezinski: Israel’s push for Iran strike may hurt U.S. ties Haaretz | Zbigniew Brzezinski, former national security adviser to Carter, told Haaretz that Israel will do harm to its relations with the U.S. if it insists on lobbying Washington for an American military strike on Iran.

 

Illinois Governor Arrested By Federal Agents...
Probe widens to vacant senate seat...

'A fu**ing valuable thing, you just don't give it away for nothing'...

'The breadth of corruption laid out in these charges is staggering'...

CROOK COUNTY

 

US Depression Likely -The Truth Is Here

Coming soon to U.S., 1 million jobs lost every month: Report

America Has No Means to Recover from a Depression Dustin Ensinger | Economist Peter Morici, a professor at the University of Maryland, said the job loss experienced in November “was much worse than was expected … The threat of a widespread depression is now real and present.”

Unemployed and hungry in the U.S.

Feeble-minded feds Could Take Stakes in Big 3...   N A T I O N A L I Z A T I O N     'And now for a world government'...  

'IT'S GOING TO GET WORSE'

NEWS IS BROKE: TRIBUNE, Others Prepare for Bankruptcy Filings...

NEWS IS BROKE: NYT MORTGAGES HQ IN CASH CRUNCH...
TRIBUNE FILES FOR BANKRUPTCY...
ZELL MEMO...
ZUCKER: NBC MAY SCALE DOWN PROGRAMMING HOURS...

Bag the Failed fed!

 

Filibuster Al Qaeda Founder Robert Gates Webster Griffin Tarpley | The nomination of Robert Gates to be Secretary of Defense must be rejected. Gates is deeply implicated in three decades of crimes by the intelligence community.

Former ISI Chief: Mumbai And 9/11 Both “Inside Jobs”  

Bush Regime Declares Itself Above the Law The US government does not have a monopoly on hypocrisy, but no other government can match the hypocrisy of the US government.

 

New York governor shock: 'Once you go black, you don't go back'… I don’t think so!…..

Clinton builds loyalist empire

 

Israel's West Bank system like apartheid: rights group (AFP)

Jewish settlers set fire to Palestinian home (Reuters)

Israeli cops block aid boat bound for Gaza

‘Mossad fails in top anti-Iran agenda’

 

Chinese whistleblowers 'sent to mental wards'...

 

Don't Buy the 'Stocks Are Cheap' Hype: Weak Earnings Means a 'Washout' in '09  Mauldin predicts valuations will eventually fall to record low levels — meaning low single-digits price-to-earnings ratios… This is going to be a longer recession we've had in a long time [and] earnings are going to be impacted a lot more than people are currently thinking…..

3 Tell Tale Signs Of This Sucker Rally

Half-million jobs vanish as economy deteriorates (AP)

Job losses worst since 1974  Employers cut 533K jobs in Nov., most in 34 years

Late mortgage payments and foreclosures hit record

1 in 10 homeowners behind on mortgage payments, or in foreclosure...

Wall St financiers party like there's no tomorrow -- literally

Obama Doesn’t Plan to End Occupation of Iraq  The New York Times is reporting about an “apparent evolution” in president-elect Barack Obama’s thinking on Iraq, citing his recent statements about his plan to keep a “residual force” in the country, despite campaign promises that helped get him elected to the contrary.

Bush reported to be drinking heavily  With less than two months remaining in office, George W. Bush, witnessing a devastating defeat for the Republican Party, worse favorability ratings than those of Richard Nixon at the height of the Watergate scandal, and the most devastating economic situation since the Great Depression, is reported by a number of well-placed sources in Washington as drinking heavily.

 

Employers shedding jobs as recession deepens

AP IMPACT: Some bailout holdings down $9 billion

Governments brace for long crisis ahead

High inventory is killing home builders; industry asks for help

It's Not a Great Time to Get Into Stocks

Long Term Investors Should Avoid Leveraged ETFs

Fixing the Enron Economy

US FEDERAL RESERVE to buy US DEBT? WITH WHAT?

Prepare For Depression Level Unemployment

Record number of Americans using food stamps: report

Whether We End Up Paying For It Through Taxes Or Hyperinflation, It Will Still Come Out Of Our Pockets

Corporate Debt Protection Costs Climb Amid Depression Concern

Shoppers ready to call it quits MarketWatch | More than one-third of consumers chose not to shop at all last month, except on Black Friday, according to Britt Beemer of America’s Research Group.

Lawsuit claims Citigroup was running a “quasi-Ponzi scheme”  Bloomberg | Citigroup Inc., the second-biggest U.S. bank by assets, was accused in a lawsuit of repackaging unmarketable collateralized debt obligations it held and re-selling them to itself in order to hide its exposure to the securities. Where are the criminal prosecutions and disgorgement?

 

Flashback: U.S. Counterinsurgency Manual Leaked, Calls for False Flag Operations, Suspension of Human Rights

Leaked Memos Reveal Holder’s Involvement In OKC Murder Cover-Up

The World View: U.S. ‘infected’ the world with the crisis – Putin

CNN Censors Sound Critique of Federal Reserve?

Pentagon: Obama to fire majority of 600 Bush appointees…A wise move!..

St. Louis City Leader Says Police Ineffective to Stem Rising Crime, Tells Residents to Get Armed

CFR-Brookings to Dominate Obama “Strategy”  Kurt Nimmo | Meet the new boss, same as the old boss — and that boss is the Council on Foreign Relations.

 

A Bleak Outlook: Nov. Job Loss, Economic Weakness Housing Wire | Private sector employment decreased by 250,000 in November, according to a monthly National Employment Report released Wednesday by Automatic Data Processing Inc.

US, China currency clash over worthless american currency...

IT SEEMS ALMOST TOO INCREDIBLE FOR WORDS THAT BUSH MAN JEB BUSH LEAGUE OF CRIMINALS IS TALKING ABOUT RUNNING WHEN PRIOR SIMILARLY TALENTLESS BUSHES HAVE LITERALLY LEFT THIS AND OTHER NATIONS IN SHAMBLES (LOOK AT FLORIDA). CAN FLORIDIANS PARTICULARLY AND AMERICANS GENERALLY BE SO INCREDIBLY STUPID? THE ANSWER, SADLY, IS QUITE POSSIBLY INASMUCH AS OUTRAGE SHOULD BE THE APPROPRIATE RESPONSE. INDEED, SOUND MANAGEMENT PRINCIPLES WARRANTING A CLEAN SWEEP FOR THE INCOMING ADMINISTRATION SEEM TO HAVE BEEN TOTALLY IGNORED WHICH DOES NOT AUGUR WELL FOR THE ALREADY DISMAL FUTURE IN STORE FOR THE NATION. PARTICULARLY TROUBLING IS THE CLINTON APPOINTMENT IN LIGHT OF THEIR SQUANDERING THE PEACE DIVIDEND FOLLOWING THE END OF THE COLD WAR, FURTHER DECIMATED BY MORON WAR CRIMINAL BUSH, AND CLINTONS’ ROLE IN NAFTA, ‘UNPROTECTED’  PHONE (WHAT A PERVERT) AND OTHER SEX IN THE WHITE HOUSE, DEALS, CRIMES, ETC..  HOWEVER, TRUTH BE TOLD, HAVING DONE MY COLLEGIATE EDUCATION IN NEW YORK (BS, MBA, JD) I DO SHARE THE PREPONDERANT NEW YORK VIEW VIS-À-VIS THE CLINTONS; VIZ., GOOD RIDDANCE. 

GM, Chrysler considering bankruptcy to get bailout: report

Stocks irrationally finish higher despite dismal economic data to keep fraud ball rolling and suckers sucked in (AP)

Meredith Whitney Sees Plenty of Pain Ahead for Consumers (at BusinessWeek)

Desperate Times, Desperate Policies )

 

61% oppose auto bailout CNNMoney | Survey shows that Americans think federal aid for the Big Three is unfair and won’t help the economy.

Credit Suisse posts $2.5 billion loss

 

Pakistani Security Consultant Calls Mumbai Attacks A “Botched” False Flag Steve Watson | Says Hindu zionists and Mossad behind attacks meant to imitate 9/11. Hemant Karkare - False Flag Investigator Killed in Mumbai Attack  Homeland Security Council Warns of Preposterous Anthrax Attack Kurt Nimmo | An anthrax attack scenario envisioned by the Homeland Security Council is nothing but a transparent scare tactic. 100 nations sign treaty banning cluster bombs, US refuses

Libya complains of Israeli high sea 'piracy' to UN council (AFP)

 

November US auto sales drop to 26-year low

Fed said owing to things being so bad and strains in the financial markets it will extend three liquidity facilities through April 30, 2009, as they keep printing/creating more worthless Weimar dollars and spending money the government doesn’t really have.
US manufacturing hits 26-year low: ISM
November sales fall despite Friday's liquidation sale buying

GAO finds 'critical issues' in US Treasury's financial bailout

Auto sales plunge, slowdown spreads (Reuters)

The Cost of Hegemony is Beyond Reach  Paul Craig Roberts | The “peace dividend” that the Reagan-Gorbachev accord provided has been squandered by an arrogant American government seeking world hegemony.
Alex Jones on Coast to Coast AM: Domestic Security Force
U.S. bailout monitor sees lack of a coherent plan  International Herald Tribune | The head of a new congressional panel set up to monitor the gigantic U.S. government bailout says the government still does not seem to have a coherent strategy for easing the financial crisis, despite the billions it has already spent in that effort.

Data signal deep global downturn  Financial Times | Evidence of a global slide towards a deep recession mounted on Monday with severe strain reported by manufacturing companies around the world, large falls in car sales across Europe and bad construction figures in the US.
Auditors Fault Oversight of Bailout Funds...
Governors to Seek Up to $100B in Social Aid...
Feds to expand rescue; reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs 'exit strategy'...
Metal prices fall further than during Great Depression...

 

Dow plunges on news recession began in Dec. 2007 (AP)
Down we go again: Fourth-worst drop ever for Dow

Recession declared; Wall Street tanks

JPMorgan cutting 9,200 jobs at Washington Mutual

Official Recession Drags Down ETFs

These Mutual Funds Are the Real Turkeys

Where Did the Fed’s Bailout Money Really Go? Chart Shows Illegal Money Trail

Fourth-worst drop ever for Dow Associated Press | The stock market suffered one of its worst days since the financial meltdown Monday, slicing 680 points off the Dow Jones industrial average as Wall Street snapped out of its daydream of a rally and once again faced the harsh reality of a recession.

Report Concludes Recession Began A Year Ago Steve Watson | But the White House and the corporate media consistently continued to state otherwise.
It’s a depression

 

Another Russian “expert” claims the US will break apart

Washington Post: 20,000 More U.S. Troops To Be Deployed For “Domestic Security”  Paul Joseph Watson | As part of long term agenda to establish “military form of government,” combat likely with unrest following total economic collapse.

Mumbai attacks part of ‘blowback’ for CIA double-cross

Clinton staffers make up nearly two- thirds of Obama transition team

The New Obama Administration: A Lot of “More of the Same”
Barack Obama’s security team delights the war hawks    Neocons Heart Obama

Obama’s National Security Team: Minions of the New World Failed Failures Order

 

American teens lie, steal, cheat at 'alarming' rates just like americans generally, inherent criminals that they are: study...

Opening/Closing/Holiday Bell: 11.28.08 - Worker Killed In Wal-Mart Stampede (NYP) You don't have to vacation to Mumbai to be savagely murdered, just position yourself in front of a throng of sale-crazed animals in Anytown America.
Rubin's Teflon Finally Wears Off (at Seeking Alpha)
Bank sues Trump over Chicago tower loan...
Trump misses $53M interest payment...
Trump casino to miss interest payment...

 

Jewish settlers in violent Hebron protest (AFP)

Bush wants history to falsely see him as a liberator of million instead of reality of plunderer destroyer of a nation, war criminal, destroyer of his own country, and murderer of civilian men, women, and children in the millions

Mumbai attackers ‘non-state actors,’ says Pak president
Mossad role in Turkey coup plot revealed

 

BAILOUT MONITOR DECRIES LACK OF COHERENT PLAN...
PELOSI EYES $500B MORE...
Data signal deep global downturn...
Manufacturing hits 26-year low...
Schwarzenegger declares fiscal emergency in the land of fruits and nuts...
Bush: 'I'm sorry' for causing this crisis which is occurring...
Oil plunges below $50 because economy is so bad...
Treasury Yields Plunge to Lowest on Record...
Bernanke: 'No comparison' to Great Depression…and he is right because it is much worse,  particularly in light of the fact that now, unlike then, america is broke in every way  ...
Bank stocks suffer biggest one-day decline since crisis began...

 

Food Prices Will Rise, Causing Export Bans, Riots Bloomberg | Food prices will rise next year, prompting a revival of protectionism from food-growing nations and risking a renewed bout of rioting, according to Jochen Hitzfeld, an analyst at UniCredit SpA in Munich.

Citigroup Should Be Held Accountable Bloomberg | The U.S. government should demand accountability and changes at Citigroup Inc., as well as from automakers, in exchange for any financial assistance.

Rubin Clones and Other Fakers: The Obama “Dream Team”  Things are getting crazier by the day. On Tuesday, Treasury Secretary Henry Paulson announced that the Fed would commit another $800 billion to fight the financial crisis which has spread to the broader economy and is causing sharp declines in consumer spending.

Citigroup says gold could rise above $2,000 next year as world unravels

US debt triggered global crisis

‘Encouraged by a wicked wizard, Greenspan, Bernanke toils at his Weimar dollar printing press’

 

Wal-Mart worker dies in rush; two killed at toy store CNN International (CNN) -- Three violent deaths in two stores marred the opening of the Christmas shopping season Friday. Two people were killed in a shooting at a Palm Desert, California, Toys "R" Us store on Friday. 2 men dead after shots fired in SoCal Toys 'R' Us The Associated Press

HOW TYPICALLY UNCIVILIZED THE INHERENTLY CRIMINAL AMERICAN ANIMALS/CATTLE ARE AS THEY STAMPEDE AND TRAMPLE AN EMPLOYEE RUSHING TO GET LIQUIDATION PRICE BARGAINS. HOW PATHETIC!

MALL MADNESS! MAN KILLED...
...throng of shoppers physically broke down doors
Video...

Microsoft Corporation government shill/censor/propagandistCensors 9/11 among other Dissent

Media Forced To Backtrack On Al-Qaeda Link To Mumbai Attacks

India’s Leaders Need to Look Closer to Home: The Assault on Mumbai

 

Americans’ Food Stamp Use Nears All-Time High

For stores, the holiday season may already be over

Meltdown far from over, new mortgage crisis looms

Experts Warn of Food Shortages One of the top experts on derivatives warns that supermarkets may not be able to borrow against their inventory and will thus be forced to shut down.

 

Experts doubt Al Qaeda link in Mumbai attacks

Evidence Mumbai Attackers were Anglo-American Intel Operatives

Mumbai Attacks Blamed On Al-Qaeda As Pretext For U.S. Military Response

FM: No Israelis in Mumbai Hospitals Foreign Ministry Spokesman Yossi Levi said, mid-morning Thursday, that according to the data received by Israel’s control center for the Mombai terrorist attacks there are no Israelis among the wounded or dead in Mombai hospitals, the mossad/cia, israel/u.s. connection

India, Corporate Media Moves To Frame Pakistan For Suspicious Attacks As we predicted would happen in our early report yesterday, Indian government authorities are now blaming Pakistan for being behind the ongoing attacks in Mumbai, providing a perfect pretext for expanded U.S. military aggression against a country that is also a target for President elect Barack Obama.

Microsoft Corporation Censors 9/11 Among Other Dissent as government shill which suppression has brought u.s. unequivocal decline  
Merkel finally, though better late than never, criticises US over crises

Merkel criticises USA over crisis; hits out at use of 'cheap money'...

U.S. eyes “surge” of over 20,000 for Afghanistan

Iraq told: Keep US troops or face martial law

UPDATE: TERROR AT THE TAJ...
Mumbai gunmen besiege hotels, kill 119 in 2 days...
'Still not under control'...

Mexican Interpol Official Involved with Narcotics Trafficking    Former Mexican President Calls Border Fence ‘Offensive’

Hillary of State Wall Street Journal - By KIMBERLEY A. STRASSEL One rule of employee relations? Never hire someone you can't afford to fire.   The Obama-Clinton soap opera is set to run for another few years Economist

 

u.s. will not balance budget by 2012: white house DAAAAAH!

More Proof That Uncle Sam Is In Trouble PhD economist Marc Faber thinks the U.S. will go bankrupt. He’s not alone. Glass-Steagall and other Depression-era legislation was repealed based upon the claim that the modern financial system was totally stable.

Column: Impeach before Bush leaves office

Take away the president's power to grant pardons

Editorial: Implications of Citibank bailout   CITIGROUP bailout slammed by New Yorkers...
U.S., Mexico Mostly Silent About Deaths of American Tourists South of the Border CNSNews | According to the U.S. Department of State, more than 1,300 Americans have died in Mexico in the past six years.

A look at Obama’s “economic team”  President-elect Barack Obama’s choices for top economic positions underscore the fact that his administration’s overriding priority will be to cover up the crimes of and to secure the interests of the financial elite.  Obama beats record for press conferences/jawbone/bull s**t  sessions to give wall street frauds b.s. talking/fraud points...

Federal deficit could hit $1 trillion this year

FDIC's list of 'problem' banks swells to 171 (AP)
Dollar falls on realistically discouraging u.s. economic data (AP)

Third quarter real GDP was revised to a 0.5% annual rate of decline from a previously reported 0.3% rate which had rallied stocks and, only in the fraudulent world of wall street, rallied stocks again though worse than expected

Third quarter personal consumption expenditures were revised to a worse than expected -3.7% from -3.1%, which rallied stocks…..riiiiight!.

Consumer confidence remains at an extremely depressed state despite fake numbers.

Rogers Says Dollar to Be `Devalued,’ Buys Commodities
The S&P/Case-Shiller Home Price Index of 20 US cities fell 17.4% year over year — most on record.

Economy shrinks at fastest pace in seven years Reuters | The economy contracted at its fastest pace in seven years in the third quarter as consumer spending plunged to a 28-year low, data showed on Tuesday, raising the reality of a deeper recession.

Citigroup collapses! Banking Shutdown Probable Dr. Martin D. Weiss | It pains me deeply to announce that, despite the massive government rescue, yesterday’s collapse of Citigroup could ultimately lead to a shutdown of the global banking system if they get sucked into america’s black hole.

Russian Analyst Correctly Predicts Decline and Defacto, and Quite Possibly Dejure, Breakup of U.S.A.

The Fed and Its Lies

Home Prices for 20 U.S. Cities Decline Most on Record

Bush: Give More Money to the Bankers

The Citigroup Deal is Lousy for America The verdict on the Citigroup bailout is pretty much unanimous: its a terrible deal for America.

Peter Schiff - Was Right Again and Again

Russian “Infowar” Analyst Says U.S. Will Break Apart A renowned Russian political analyst has repeated a prediction he made ten years ago that the economic and political turmoil in the U.S. will lead the country to collapse and divide into separate parts

Bush Hands Over Reins of U.S. Economy to EU

Attorney general nominee Holder represented firm that hired right-wing paramilitaries who killed union activists

Russia says U.S. mercenaries, others fought for Georgia

China Scrambles to Stave Off Economic Meltdown
Israel seals off Gaza crossings again

FED PUMPS $800B MORE TAXPAYER MONEY TO THE RICH AND INFAMOUS, COMPOUNDING THE WASTE/FRAUD/CRIME...

WOODWARD: Obama must be 'smoking something'...
Federal deficit could hit $1 trillion this year...
FDIC adds 54 more banks to its 'problem list'...

Struggling Banks Paid Clinton $2.1 million for Speeches/hillary favors/bull s**t; CITI, GOLDMAN, LEHMAN, MERRILL...

Cynthia McKinney Prevented From Leaving U.S.  Former Congresswoman and presidential candidate Cynthia McKinney has been prevented from leaving the country after she planned to give a speech in Damascus Syria at a Conference being held to commemorate the 60th Anniversary of the Universal Declaration of Human Rights.
Sovereign wealth funds flee the West...  Sovereign wealth funds in the Gulf are switching their focus away from Western stock markets to shore up ailing economies in the Middle East and protect themselves from losses in the City and on Wall Street.

Dow falls below 8,000, S&P at 5-year low
Fed sharply lowers forecasts, hints of rate cut which ploy previously sparked b.s. suckers’ bear market rallies based upon nothing at all but reality says with only a point to zero and much worse to come is just plain b**l s**t
Now Buffett the senile in stock slump!
Conditions so bad that consumer prices drop record 1 percent in October
[$$] Mall Owner Lines Up Bankruptcy Law Firm as ghost malls predict by Celente of trendsresearch.com over a year ago begin (at The Wall Street Journal Online)
[$$] Stocks, Bonds Tumble to New Crisis Lows (at The Wall Street Journal Online)
Deflation: Here, Now I’ve been warning of deflation for some time. Specifically, I predicted 1 1/2 to 2 years of deflation, followed by hyperinflation. Well, deflation is here.
“Slush fund” … “Banana Republic” … “Keystone Kops.”
Technical Economic Indicators Worsening Again Even after the trillions spent by the feds, the technical economic indicators are getting worse

 'Crisis Only Just Beginning': Crisis/Video  Right About the Crash, Peter Schiff Sees More Pain Ahead      Crisis Only Just Beginning': Right About the Crash, Peter Schiff Sees Much More Pain Ahead

Cost of Bankster Bait and Switch Now $7.4 Trillion  Kurt Nimmo | Congress critters are wary of the wrath of their constituents as the bankster giveaway rockets through the stratosphere.

Colossal Financial Collapse: The Truth behind the Citigroup Bank “Nationalization”  F. William Engdahl | The 2009 year will be one of titanic shocks.

Rubin Protégé Selected to Head Obama’s Council of Economic Advisers

Obama’s jobs plan: A band-aid for an economic catastrophe

Will The US Government Accept Responsibility For The Slaughter Of Over 1,000,000 Iraqis.

Obama’s Economic Foxes To Guard Financial Henhouse Today President elect Obama officially introduces his economic team to the world. What many may fail to recognize however is the fact that those tasked with rescuing the economy are the very people who helped create the financial crisis in the first instance.  WOODWARD: Obama must be 'smoking something'...

All US Financials Will be Nationalized in a Year: Manager

US to Inject $20 Billion into Citigroup, Back Assets The U.S. government has agreed to guarantee over $300 billion of Citigroup’s troubled assets — loans and securities backed by residential and commercial real estate and other such assets — with conditions attached. These conditions are being hammered out.

 

Bush: A disgraceful legacy

Bumbling, bungling, war criminal bush consulting Obama on bailouts Now we can all breathe a sigh of relief…..riiiiight! This Is Change?  ...tax hike for the rich may be delayed  Another $700 billion?

Bush pleased with Iraq war outcome The Age | Bush apparently pleased with over a million dead Iraqis and millions more suffering due to a decimated civilian infrastructure based on lies.

US is on the decline, report says

US National Intelligence Council Predicts Further and Complete Decline of America  ...

Worst of financial crisis yet to come: IMF chief economist...

 

FBI arrests eight New York mafia men: prosecutor

POLL: Most Correctly Consider Web Most Reliable Source of News in light of propaganda, censorships, veiled bribes, etc...

 

UK TOP INCOME TAX RATES COULD HIT 61%...
FED PLEDGES TOP $7.4 TRILLION...
London, Midtown Manhattan, Tokyo Office Rents Post First Drop Since 2002...

 

Mugabe bars door to top-level humanitarian mission

 

NewsWatch: Stocks look cheap, but that doesn't mean you should buy

Economic Preview: Harsh economic data expected for coming week

 

OBAMA: 'MILLIONS OF JOBS' IN DANGER NEXT YEAR

Downey Seized, Sold to US Bancorp as Mortgage Fallout Spreads

IMF economist says worst of crisis to come: paper

Robert Gates: As Bad as Rumsfeld?

Federal regulators shut 2 California thrifts

This Is Not A Normal Recession, Rome is burning. It’s time to stop tinkering with a failed system  : Moving on to Plan B
Use of nuclear weapons more likely in future: us unintelligence

Paulson’s Cascade of Lies

US to see end of an ‘aura’ by or before 2025

The Third Clinton Administration

WOODWARD: Obama must be 'smoking something'...

Antiwar groups fear Barack Obama is creating hawkish Cabinet Activists note that most of the candidates for top security posts voted for the 2002 resolution authorizing President Bush to invade Iraq or otherwise supported launching the war.

Zimbabwe refuses Annan group visa

U.S. economic and military dominance ’set to wane’, warns spy agency through corruption, greed, fraud, incompetence, etc.
Mobsters seize control of Israeli public's imagination...
HU: World economic situation 'grim'...

ROMNEY: 'Let Detroit Go Bankrupt'...
Finger-pointing begins as Senate nixes auto vote...  
CEOs Flew Private Jets to Plead for Public Funds...

World stocks down amid reality of deep recession (AP)

Congress extends jobless benefits; stocks fall 400

Aids: Obama on track to nominate Clinton (AP)

Attorney general collapses

Sharp decline seen in holiday shoppers

Bank of America Bailout Recipient Buys Stake in China Construction

China to Buy 4,000 Tons of Gold Jason Hommel | China wants 4000 tons of gold, to help “diversify” their $1.9 trillion in U.S. bonds.

Massachusetts Foreclosures Up Nearly 70-Percent This Year

The Imperialism You Can Believe In While naive, giddy and myopic establishment leftists have been celebrating the great “change” heralded by the election of Barack Obama, the President elect has been busy appointing people to key positions who advocate the same Neo-Con imperialist foreign policy crafted during eight years of the Bush administration.

Ron Paul Warns That U.S. Will Support Israeli Attack On Iran

Army shreds documents on friendly fire deaths

Paulson Was Behind Bailout Martial Law Threat Senator James Inhofe has revealed that Henry Paulson was behind the threats of martial law and a new great depression prior to the passage of the bailout bill, having made such warnings during a conference call on September 19th, around two weeks before the legislation was eventually approved by both the Senate and Congress.

Head of Interpol Mexico arrested for drug ties Mexico arrested its head of Interpol on Tuesday for allegedly working for a powerful drug cartel and sent the military to take over police duties in the city of Tijuana in another step to flush out corrupt law enforcement.

Jobless Claims Hit 16-Year High, Above Forecast

Fed Signals Ready to Cut Rates with only a point to zero, calls urgent extended December meeting by a day Amid Glum Outlook

Obama and the Great Depression

President-elect promised change, picking insiders...

Iran Censors, Cracks Down On Internet

Jewish settlers desecrate Hebron mosque, graves

SUN SETS ON USA POWER: REPORT PREDICTS END OF DOMINANCE...

Raw: Attorney General Michael Mukasey Collapses During Speech in Washington   AG COLLAPSE ON STAGE IN DC

America’s Moronic Iraqi Policy
Israel refuses to ease blockade
Will The US Government Accept Responsibility For The Slaughter Of Over 1,000,000 Iraqis.
America’s moronic hegemonic policy spells disaster
ENDGAME Economic Predictions - 2006 Bilderberg
Inside Home Affairs: The recession – and the crime wave that goes with it
Naomi Klein: Bailout is ‘multi-trillion-dollar crime scene’
Head of Interpol Mexico arrested for drug ties
Crimes by air marshals raise questions about hiring
Port of Los Angeles security under control of Chinese President’s son
Former CIA Employee Zawahri Threatens America
Al Zawahiri is used to counter Obama’s growing unpopularity Al Zawahiri has sent a new message. (1) to gain sympathy for Obama, (and his various billionaire cronies.) (2) to gain sympathy for US military action (in the event of any false flag terror operations by the CIA and Mossad). (3) to gain sympathy for a US takeover, or destruction, of Pakistan. (4) to turn world opinion against Moslems.

Arraignment set for Cheney, Gonzales in Texas (AP)

Ron Paul Confronts Bernanke On Global Currency Plans
Congressman Ron Paul confronted Federal Reserve chairman Ben Bernanke this morning about plans to replace the dollar with a new global currency during the House Financial Services Committee meeting on Capitol Hill.
Banker Manipulation Of Gold And Silver Prices Further Exposed
US planning Velvet Revolution in Iran?
Russia warns Georgia against military build-up
‘US not after Taliban leaders under Bush’
Uranium at Syria site come from Israeli missiles: FM
No Signs of Change in Obama’s Middle East Policies
China Passes Japan as Biggest U.S. Treasuries Holder

Israeli forces launch fresh Gaza incursion

CHENEY INDICTMENT: Vice president, former AG, state senator indicted [in Texas]...     Willacy County Grand Jury...    Arraignment set for Cheney, Gonzales in Texas (AP)

The G-20 Economic Summit Won’t Change the “Financial Crime Scene”  Richard C. Cook | For the immediate future people could fight back by doing everything possible to get out of debt, convert their cash reserves to tangible holdings, and start their own local currency and barter systems.
Inhofe: Billions Given Away to Bankers and Their “Friends”  Kurt Nimmo | Senator Inhofe admits Congress was told lies about the bailout and says Congress should take back what is left of the “blank check” it gave the Treasury and its coterie of ex-Goldman Sachs manipulators.
Forecasters: U.S. in 14 month recession
Fed has done "as much as it can": Fed's Hoenig
Stocks finish lower as recession worries deepen
The Great Depression of the 21st Century: Collapse of the Real Economy

Japan's Economy Shrinks 0.4%, Confirming Recession (Update2)
Ken Clarke warns Britain is on the brink of ‘meltdown’
Japan's economy shrinks in 3Q; enters recession
Europe in recession, U.S. in pain as world leaders meet
ECRI: Economy Falling At Fastest Pace in 60 Years
Rep. Neugebauer: American People May “Rise Up and Stop Us”
DOWNTURN DRAGS MORE CONSUMERS INTO BANKRUPTCY...
Unremitting gloom and capital flight

Four Palestinians killed in Israeli air strike (AFP)
Israeli minister openly calls for assassinating Hamas leaders
Gaza: No respite from suffering
Ahmadinejad aide: Obama must ‘replace Bush’s war-mongering approach’
Neocon John Bolton Grilled on BBC EVTV1 | Bolton’s neocon explanations for the mass murder of more than a million Iraqis are dismissed for what they are — criminal lies.

Los Angeles ringed by wildfires...
STATE OF EMERGENCY...
LIVE FEED... SHARP KNIVES: STATE BUDGETS IN SHORTFALL; CUT SERVICES OR RAISE TAXES?...drudge DEVELOPING...
600 mobile homes burned...
Updates, Maps, Details...
Wildfire chases patients from hospital...
CALIFORNIA DREAMIN’ A NIGHTMARE: THOUSANDS EVACUATE

Record numbers of American students are studying abroad...
Libertarian Talk Radio Activist Jailed For 100 Days For Having A Couch In His Yard
“The Dollar Standard Is Coming To An End”
Busted in Washington As expected, the G-20 Economic Summit in Washington turned out to be a total bust. None of the problems which have pushed the global economy to the brink of disaster were resolved and none of the main players who gamed the system with their toxic securities was held accountable.

Obama’s Intelligence Agenda: More of the Same from the so-called “Change Administration” as names as clinton (some have dismissed her owing to her’s and bill’s deals on the come which voters foiled) and as well, jokin joe lieberman, the independent who is not independent at all but rather a bush administration/israeli shill. Could he be so foolish as to relinquish his mandate?  ”

Housing starts expected to hit half-century low
G-20 Wants Quick Action on Credit Default Swaps, But Bush Talks Them Into Toothless Regulation   

Washington is Powerless to Stop the Coming Economic Depression Barbara L. Minton | The unwinding of the Great Depression took 10 years and the debt overhang was nothing like it is today.
Whitehead sees slump worse than Depression The economy faces a slump deeper than the Great Depression and a growing deficit threatens the credit of the United States itself, former Goldman Sachs chairman John Whitehead, said at the Reuters Global Finance Summit on Wednesday.
Dollar’s Days Numbered, Buy Commodities: Jim Rogers Commodities are one of the only viable investment opportunities left and are set to rebound as demand problems take hold, while the outlook for the dollar is bleak, famed investor Jim Rogers said Friday.
U.S. cities seek federal help to ease economic crisis
America’s economic crisis is beyond the reach of traditional solutions By most accounts the US economy is in serious trouble. Robert Reich, an adviser to President-elect Obama, calls it a “mini-depression,”and that designation might be optimistic. The Russian economist, Mikhail Khazin says that the “U.S. will soon face a second ‘Great Depression’.” It is possible that even Khazin is optimistic.
U.S. Retail Sales Drop in October by Most on Record
With Its Failed Policies, Government Triggers “A Return of Systematic Risk to Credit Markets”
Retail sales fall by record amount in October...
CITIGROUP to cut 10% of jobs...
110 banks have asked for $170B under bailout plan
FACE SLUMP...
New alarm over economy as retail sales plummet
Freddie seeks gov't aid after $25.3B loss (AP)
Wall Street ends turbulent week sharply lower

Kashkari Accused Of Bailout “Bait and Switch” During Angry Hearing
A Ticket to The Hague for Dick Cheney?  I now believe that some international human rights organization ought to open an investigation of the Bush Administration.
Sarkozy to Putin: ‘Do you want to end up like Bush?’
A Dumbed Down Society is What the New World Order Wants
Lawmaker Joins Fight To Outlaw Human Microchip Implants
Liberals Start Supporting War After Obama Is Elected
Italian police officers convicted of violence at 2001 G8 Genoa Summit
Switzerland says Israel breaking international law (AP)
U.N. agency says runs out of Gaza food supplies (Reuters)
French, Palestinians call US Mideast role crucial (AP)
Israel shuts down Gaza border crossing

Iraq - US security agreement initial approval
The Iraqi cabinet yesterday approved a security agreement with the USA that calls for a full withdrawal of the American forces from the country by the end of 2011.
Iraq-USA, Politics, 11/17/2008
Abbas: No partial peace agreements to be made
Palestinian President Mahmoud Abbas said today that Israel had decided to release 250 Palestinian prisoners before Al-Adha Holiday and affirmed the necessity of a continued ceasefire between the Gaza Strip and Israel, to help ease the suffering of Palestinian citizens in Gaza Strip.
Palestine-Israel, Politics, 11/17/2008
Palestinians denied press freedom, official
Representative of Palestinian Islamic Resistance Movement (Hamas) today said that Palestinian newspapers are prevented from publishing the truth.
Palestine-Israel, Politics, 11/17/2008
Israel kills four Palestinians, Gaza humanitarian crisis
Hamas said that Israel is violating the ceasefire. Aid agencies say Gaza faces a humanitarian crisis if Israel's blockade continues.
Palestine-Israel, Politics, 11/17/2008
Israel forbid Muslims to enter the Ibrahimi Mosque
Hebron Rehabilitation Committee (HRC) denounced today the Israeli Occupation Authorities decision to forbid Muslims from entering Al-Ibrahimi Mosque in the city of Hebron on Friday and Saturday, November 21-22 2008 to enable Jewish settlers to perform their rituals on the
Palestine-Israel, Politics, 11/17/2008
Iran's new missile is for deterrence: minister
Iran's Commander of the Islamic Revolution Guards Corps (IRGC) Navy Force Rear Admiral Morteza Saffari said today that forces under his command are ready to repel any threat in the Persian Gulf.
Iran-Regional-USA, Politics, 11/17/2008
Ahmadi-Nejad's letter to Obama covers key issues
As for the establishment of a US interest section in Iran, Hosseini said, "If the request comes from official channels in the US, Iranian officials will follow it up."
Iran-USA, Politics, 11/17/2008
Ahmadi-Nejad meets with Israeli-freed Lebanese
Iran's President Mahmoud Ahmadi-Nejad said yesterday that Lebanon was a source of honor and respect for regional states for its victory over the Israeli forces during their 33-day war against Lebanon in 2006.
Lebanon-Israel, Politics, 11/17/2008
Saudi-UN interfaith conference condemned for presence of Israelis
Elham reiterated that the "Zionist regime" has a secular nature.
The issue of Judaism is completely different from Zionism, he said
Saudi Arabia-Iran, Politics, 11/17/2008
Iraq Head, Top Cleric Back 2011 Exit by U.S.:  Agreement Gives Pact Better Odds of Passing - WashingtonPost.com
Iraq-USA, Politics, 11/17/2008
Iran judiciary chief lauds US-Iraqi security pact - WashingtonPost.com
Iraq-Iran-USA, Politics, 11/17/2008
Cleric Calls for Resistance to U.S. Presence in Iraq - NY Times
Iraq-USA, Politics, 11/17/2008
Iraqi Soldier Reportedly Kills 2 G.I.’s - NY Times
Iraq-USA, Politics, 11/17/2008
Iraq Signs $3.5 Billion Deal for China to Develop Oil Field - NY Times
Iraq-China, Politics, 11/17/2008
Mideast Negotiators Vow Talks Will Go On:  Transitions in Israel, U.S. Spur Concerns - WashingtonPost.com
Palestine-Israel, Politics, 11/17/2008
Israeli troops face abuse trial - BBC
Palestine-Israel, Politics, 11/17/2008

Rick Biggs KERRY KILLINGER CAN’T SAY HE WASN’T WARNED. From my hometown Seattle Times:

Two months before Washington Mutual failed, Treasury Secretary Henry Paulson warned then-CEO Kerry Killinger that he ought to sell the Seattle-based thrift before it deteriorated further.

"Paulson said, 'You should have sold to JPMorgan Chase in the spring, and you should do so now. Things could get a lot more difficult for you,' " said one of several current and former high-ranking WaMu executives familiar with details of the call.

"Sopranos" flashbacks, anyone?  Good lord. Here’s today’s lesson for bank and thrift CEOs: When the Secretary of the Treasury tells you point blank that “things could get a lot more difficult for you,” you should take it to the bank (sorry) that things will in fact get more difficult. That should be easy to remember. . .

I have refrained thus far from commenting on Sarah Palin who aside from breathing new life into Saturday Night Live, seems to serve no useful purpose whatsoever. Indeed, she is so pathetically and embarrassingly dumb that it should come as no surprise to hear her sing paeans of praise to kindred dimwit criminal dumbya bush, certainly a failed president and the worst of modern times, the absurdity of her assertion being evidenced by the current disaster of a nation he leaves in his wake, economically, politically, and geopolitically. She is a dope and, like the bushes, is done.

Turley: Late bush move ‘almost sign of contempt’ for election results

Wall Street rally defies rationality, odds, economic indicators but is explainable in terms of full moon and lunatic wall street frauds The Miami Herald 
Dow sees 911-point swing to close on third-biggest point gain on ... MarketWatch
MARKET SLAPCRAPSHOT: US Stocks Close Crazed Session With Large Surge ... CNNMoney.com
Jobless claims hit 25-year high, weak economy causes imports plunge
Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months Economic experts have predicted that rampant inflation caused by government stimulus packages will soon take hold of the economy and force precious commodity prices to all time highs.
Sarkozy Pushes for Abandonment of Dollar as World Reserve Currency There have been many previous indications that the dollar would not remain the world’s reserve currency for long. But this is a dramatic statement by a close American ally.

Banker Bailout Costs $5 Trillion So Far
Bailout Lacks Oversight Despite Billions Pledged
Soros says deep recession inevitable, depression likely

Foreclosures up 25 percent: RealtyTrac
Foreclosure Filings Rose 25 Percent in October as Prices Fell
Alabama foreclosures rise 15 percent in October

Germany falls into recession, Japan to boost IMF
Asian shares hit as grim news abounds
Oil falls to $55 on grim US economic outlook

Australia the former and apparently present penal colony uses web filter to block 10,000 internet sites
Rahmn Emanuel’s Compulsory “Circle of Love”  Kurt Nimmo | Is it possible the ruling elite will need a legion of inducted slaves to stand against their fellow citizens as the economy further disintegrates and social chaos unfolds?
What Wayne Madsen Said About Rahm The Truth Will Set You Free | WMR has learned from US intelligence sources that Emanuel was discovered to be part of a political intelligence and blackmail operation directed against the very blackmailable and compromised criminal clinton by Israel.
Israeli Blockade Creates Food Shortages in Gaza

 

The Insanity of the $700 Billion Giveaway       
Stock Market Has Fallen Steadily Since Bailout Bill Signed

The Wall Street Coup and the Bailout Scam
Paulson Doles Out $125 Billion to Wall Street Elite
Treasury Blacks Out Key Parts of Private Bailout Contracts
The Evil of Bailout One of the burning questions regarding the recently passed bailout, and the one that almost no one has bothered to answer, is how the government intends to pay for it. Bailout $700 billion yet national debt increased by over $1 trillion.
They socialize their losses and privatize their gains ….. How is this happening? What a total fraud/scam!
Roubini Sees Worst Recession in 40 Years, Rally’s End
Government of Thieves: When Greed is Rewarded

EDITORIAL ON BUSH’S FAILED PRESIDENCY
Thanks for the Depression

Renowned economist Mikhail Khazin : U.S. will soon face second “Great Depression”
Fannie Mae Posts Record $29 Billion Quarterly Loss
Fannie posts $29B 3Q loss, $100B may not be enough
China Blames Wall Street Meltdown On Fraud and Fed Overissuance Of Currency
Government to Grant AIG New, Larger Bailout
Real Cost Of Bailout So Far With Much More To Come: $5 TRILLION+
Fed's bailout for AIG swells to more than $150B
GM says GM may not survive (AP)
...US to assume toxic mortgage assets
Wall Street Should Slash 70,000 Jobs, Be Prosecuted for Securities Fraud, Disgorgement Mandated: Report
Buffett's senility showing as government/wall street shill, BERKSHIRE HATHAWAY Net Falls 77%...
U.S. Weekly Leading Index Now at Six Decade Low

3rd UPDATE: Intel Cuts 4Q View; Stock At 12-Year Low CNNMoney.com Intel Cuts $1 Billion From Sales Forecast Amid Slump    Intel slashes 4Q outlook on dimming PC demand   Technology stocks hit after Intel warns of sales shortfall
Fed Covers Up Financial Crisis
Federal Reserve Seeks Oversight of CDS Clearinghouse The Federal Reserve is seeking to become the lead regulator for clearing trades in the $33 trillion credit-default swap market, according to people with knowledge of the proposal.
U.S. Slump May Be Longest in Decades as Growth Fell Off `Cliff’ The U.S. downturn will be the longest in three decades, and the drought in consumer spending may be the worst ever, according to economists surveyed by Bloomberg News.
AmEx Said to Request $3.5 Billion in U.S. Aid
Lobbyists Swarm the Treasury for Piece of the Dwindling Bailout Pie  When the government said it would spend $700 billion to rescue the nation’s financial industry, it seemed to be an ocean of money. But after one of the biggest lobbying free-for-alls in memory, it suddenly looks like a dwindling pool.
Dimon: Recession could be worse than market crisis (AP)
Intel's shock warning sounds alarm for tech sector

One Aspect of the Massive (Securities) Fraud/Fraudulent Wealth Transfer is Aptly Described/Illustrated in this Comment

Obama Won’t Be Able to Stop the Collapse of the Fallen american Empire
Paulson Says Troubled Assets Will Not Be Purchased Associated Press | Hank Paulson really didn’t mean it when he promised the $700 billion government rescue program would be used to purchase troubled assets.    U.S. backs away from plan to buy bad assets
US To Lose Its ‘AAA’ Rating CNBC | The United States is on course to lose its ‘AAA’ rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche. "The U.S. might really have to look at a default on the bankruptcy reorganization of the present financial system" and the bankruptcy of the government is not out of the realm of possibility, Hennecke said. "In the United States there is already a funding crisis, and they will have to sell a lot more bonds next year to fund the bailout packages that have already been signed off," Hennecke told CNBC. In order to solve or stem the economic slowdown, Hennecke suggested the US would have to radically reduce spending across all sectors and recall all its troops from around the world. As for a stimulus package, there is not much of an industry left to stimulate back into life, Hennecke said.

Obama’s Bailout Bunch Brings Us More of the Same
Editorial: End the scandal of Guantanamo
Obama’s pick for White House chief unsettles Arabs
What is Obama thinking?  Barack, my brother. Mr. President-elect, what is going through your head? Rahm Israel Emmanuel for White House Chief of Staff? Rahm, who fought with the Israeli Army in the Gulf war, whose father Benjamin fought with the Irgun gang, the Zionist terror bombers of the King David Hotel; Rahm, the 2001 Freddie Mac board member involved with campaign scandals and contributions, personally raking in $231,655. I mean, just look in that guy’s eyes, scary. And that’s just the tip of the iceberg.
We can’t defeat Taleban, says Brigadier Mark Carleton-Smith

MAG: WASHINGTON'S $5 TRILLION TAB...
STOCKS IN FREEFALL; DOW SHEDS ANOTHER 400...
NEAR FIVE-YEAR LOWS...
RUSSIAN TRADING HALTED AFTER 12% DROP...
ECONOMIC WOES INCREASE, CRISIS DEALS IN TROUBLE...
AS MORE COMPANIES SEEK AID, 'WHERE DO YOU STOP?'...
EMBATTLED BANKS STILL PLANNING BIG BONUSES...
FLU: GOOGLE SHARES BELOW $300 FOR FIRST TIME SINCE '05...
GE SAYS FEDS WILL GUARANTEE UP TO $139 BILLION IN DEBT...
Bank of England: We'll slash interest rates to ZERO...
WANT SOME GOVERNMENT MONEY? APPLY NOW!
Boehner Demands Fed Identify Recipients of Loans...
Democrats prepare to move forward with investigations of the Bush administration... drudge Developing...
ALL SWIPED OUT: AMEX SEEKS BILLIONS FROM TAXPAYERS...

Consumer spending worries send stocks lower (AP)

GM shares hit 65-year low amid liquidity concerns

Banking crisis claims more U.S. victims Financial Times | The credit storm swept through Wall Street and Main Street with renewed virulence on Monday as AIG and Fannie Mae reported huge losses, a leading US retailer filed for bankruptcy and multinationals such as DHL cut thousands of jobs.

Worries about housing, consumers send stocks lower Associated Press | Homebuilder Toll Brothers Inc. and coffee chain Starbucks Corp. helped send Wall Street sharply but modestly relative to reality lower Tuesday after giving investors more evidence that the housing market and consumer spending are getting weaker.

Goldman urged bets against California bonds it helped sell Los Angeles Times | Goldman, Sachs & Co. urged some of its big clients to place investment bets against California bonds this year despite having collected millions of dollars in fees to help the state sell some of those same bonds. California faces $28 billion deficit...

Government To Confiscate 401(k)s and IRAs For Mandatory Savings Tax?  Paul Joseph Watson | Proposals to implement additional form of income tax while seizing private pensions raised in Congress.

Chinese activists tell UN of communist state torture

Blogger jailed for 20 years for cheeky poem that mocked Burma's leader...

Obama plans Gitmo closure
Georgia Rep. Issues Warning on National Security Force, Gun Ban
Government To Confiscate 401(k)s and IRAs For Mandatory Savings Tax?  Under the pretext of combating the financial crisis, Democrats in Congress have been conducting hearings on proposals to confiscate private retirement accounts and turn them into government-controlled accounts managed by the Social Security Administration, by implementing a new tax in the guise of mandatory savings scheme.
Ex-KGB general cautions US against Iran war A former KGB general and Russian prime minister says a war on Iran would produce a question mark over the Republican Party’s sanity.
Fed Hides Destination Of $2 Trillion In Bailout Money The Federal Reserve is facing a lawsuit after it failed to comply with congressional demands for transparency and disclose the destination of at least $2 trillion dollars in bailout funds, underscoring once again the failure of top down socialism and the folly of trusting the foxes to guard the henhouse.
Obama, Rahm-bo and the End of the New American Century: Conned Again?  If the change President-elect Obama has promised includes a halt to America’s wars of aggression and an end to the rip-off of taxpayers by powerful financial interests, what explains Obama’s choice of foreign and economic policy advisors?
Biden told not to change Iran policy Israeli Foreign Minister Tzipi Livni has warned the US vice president-elect against changing the Bush White House policies toward Iran.
Documents linking Iran to nuclear weapons push may have been fabricated
Obama’s Afghan War Plans May Run Into Weary Public, Deficits
Project for No American Century The Project for a New American Century cut America’s stability short by almost a century.
Ruble Devaluation Concern Triggers 13% Plunge in Russian Stocks
US Banks Will Lose $450 Billion More in 2 Years: Analyst
Asian economists warn Barack Obama policies could make downturn worse
$150 billion more for AIG: US gov’t
Government Soaks Up AIG’s Toxic Credit Default Swaps On Our Dime

World business leaders see more fiscal pain
Credit Suisse reportedly shuts down bond fund
Top hedge fund managers 'funereal' in midst of financial crisis
Worst retail sales trend since 1974 expected
Cisco warning signals trouble ahead in tech sector
Stocks Slump as Earnings Concern Overshadows Stimulus...
Growing credit crisis claims more victims...
STARBUCKS profit drops 97%...
GM needs federal aid in coming weeks...
BAILOUT? Fed gives AMERICAN EXPRESS full bank status...

Blackouts in Gaza as fuel supply cut off
NYT: SECRET ORDER LETS U.S. RAID AL-QAIDA IN MANY COUNTRIES...
Gorbachev calls on Obama to carry out 'perestroika' in USA...
NYC To Toll Every Major Bridge Into Manhattan...
Bloomberg: Spending cuts, layoffs...
Obama Consigliere “Rahmbo” Emanuel Sent Dead Fish to Foe Kurt Nimmo | Rahmbo’s services may be required after the economy crashes and new total war fronts open in Pakistan and Iran.
A quiet windfall for U.S. banks MSNBC | Corporate tax lawyers quickly realized the enormous implications of the document: Administration officials had just given American banks a windfall of as much as $140 billion
Fed Defies Transparency Aim in Refusal to Disclose Bloomberg | The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.

 

Jobless rate at 14-year high as above expectation losses continue

GM, Ford losses worse than expected, burning cash

Jobless ranks hit 10 million, most in 25 years

Ford announces $129M 3Q loss, burns $7.7B in cash

Jobless rate bolts to 14-year high of 6.5 percent

Wells Fargo Earnings-diluting Offering Disappoints Street (at TheStreet.com)

Dollar falls after U.S. job losses top forecasts

Holiday Outlook Gloomier After Weak October Sales

Unemployed Nation: America’s Shrinking Payroll ABC News | In the first ten months of this year, the nation’s employers have cut nearly 1.2 million jobs and the unemployment rate is now at 6.5 percent

GM reports $2.5B 3Q loss, says running out of cash (AP) General Motors Corp. reported a $2.5 billion loss in the third quarter and warned Friday that it could run out of cash in 2009.

GM operating loss $4 billion, Ford operating loss $3 billiion

 

Obama’s Council On Foreign Relations Crew Steve Watson | Out with the old regime, in with the old regime.

14 more civilians die in US strike in Waziristan

Barack Obama: Brought to you by the New World Order

Obama’s Anti-Gun Agenda Spurs Record Firearms Sales

No “Change” In Israeli Manipulation Of U.S. Foreign Policy Under Obama President elect Barack Obama’s first act of “change” upon winning the Democratic presidential nomination back in June was to don a joint US-Israeli label pin, head on over to AIPAC and prostrate himself in front of the Israeli lobby, vowing to keep military action in mind for Iran and promising to hand over another $30 billion of American taxpayers’ money in military assistance to the Zionist state.

Obama’s American Dream: Servitude Kurt Nimmo | Obama’s American dream includes forced labor and mandatory servitude for all Americans, including the elderly.

Emanuel’s father: His son will not “clean the floors of the White House” like an Arab Jerusalem Post | Dr. Benjamin Emanuel said he was convinced that his son’s appointment would be good for Israel. “Obviously he will influence the president to be pro-Israel,” he was quoted as saying. “Why wouldn’t he be? What is he, an Arab? He’s not going to clean the floors of the White House.”

 

GM Reports $2.5B Loss...     ...May Not Have Enough Cash to Finish Year      Stock Rocked...

Wall St. has worst week of a presidential election... ...

Bloomberg wants more taxes; would raise millions for cash-strapped NYC...

Schwarzenegger: $4.4B in tax hikes...
States consider billions in cuts...

 

Holiday Outlook Gloomier After Weak October Sales

World markets tumble on renewed economic fears

Who’s going to Finance the rising US National Debt?

Troops hope Obama brings them home as ‘Commander in Chief’

Wall St extends losses on economic gloom Stocks extended their sell-off on Thursday as concerns of a worsening economic downturn were fueled by a disappointing revenue outlook from Cisco Systems and bleak sales from  major U.S. retailers.
STOCKS CONTINUE POST-ELECTION PLUNGE...
Dow, S&P 500 Post Worst Two-Day Decline Since 1987...

 

Editorial: Don’t pin much hope on Obama 7 November 2008  …..But a president whose deputy is Joe Biden, a man who last year said that israel is “the single greatest strength america has in the Middle East (oh yes…suuuure…can’t you see the economic and geopolitical benefits america has derived from following israeli policy in the middle east)” and who is proud to call himself a Zionist, is not going to turn his back on the Israelis. His appointment of Rahm Emanual as his chief of staff makes that doubly certain. Emanual is an even more convinced Zionist (his father was a member of the Zionist terror organization Irgun), not to mention a prominent figure in the US Jewish lobby. Far from challenging Israel, the new team may turn out to be as pro-Israeli as the one it is replacing….. Barack Obama, Neocon

Obama’s Treasury Candidates: Old Guard Of The Corporate Elite

Obama Supporter Waves Communist Flag at Victory Celebration Outside White House

Ron Paul: Republicans Have Lost All Credibility; But Obama’s Core Policies Mirror Bush

Will Obama Keep His Promise To Reverse Bush Executive Orders?
VOTER TURN-OUT SAME AS 2004...
Day One: Obama faces Cold War threat and warning from Israel...

Rahm Emanuel and Obama’s Civilian Security Force Kurt Nimmo | If Obama’s soon-to-be chief of staff stabs a knife into a table while denouncing the enemies of his former boss, Bill Clinton, it does not take a lot of imagination to predict how Obama’s Civilian Security Force will be used.

Obama’s First Appointment Is Son Of Zionist Terrorist Buckling to terrorist israeli pressure President elect Barack Obama’s first appointment, Rahm Emanuel, who is set to become chief-of-staff, is the son of a member of the Zionist terrorist group Irgun, which was responsible for bombing hotels, marketplaces as well as the infamous Deir Yassin massacre, in which hundreds of Palestinian villagers including women, children, and babies were slaughtered.

 

U.S. to Sell $55 Billion in Long-Term Debt Next Week The U.S. Treasury said it plans to sell $55 billion in long-term government debt this quarter and bring back auctions of three-year notes, as a slowing economy/runaway spending balloons the budget deficit to a record level.

Treasury wants to borrow record $550B...

U.S. Stocks Drop on Economic Concern

Fresh U.S. air raid kills Afghan civilians: officials

Stocks Have Biggest Post-Election Slump....   History List...

U.S. border police arrest Mexican troops

Mexican officials held for selling intel to drug cartels

US-led strike kills 36 Afghan civilians

 

General Motors Bankruptcy? An Economic Nightmare

Ex-Bear Stearns exec now at Fed (AP) The former chief risk officer at investment bank Bear Stearns Cos., which nearly collapsed in March, is now a senior official of the Federal Reserve division that supervises U.S. banks. Brilliant….riiiiight!

Some owners deserting factories in China

UPDATE - Japan seen slipping into recession in Q3

Czech opposition demands top court examine U.S. missile deal

 

EXIT POLLS CLAIM 'OBAMA +15' IN PA... drudge DEVELOPING...
TOO CLOSE TO CALL AT CLOSE: FL, IN, OH...
MCCAIN KEEPING AZ... drudge DEVELOPING...
DEM EARTHQUAKE...
'LANDSLIDE'
1 President, 35 Senate Seats, 435 House, 11 Govs... drudge DEVELOPING...
SENATE: DEMS SEE 58 SEATS; EXIT POLLS SHOW OBAMA BIG

US defense secretary insanely and incompetently expands pre-emptive war doctrine to include nuclear strikes

Israeli troops kill civilian in Gaza raid: Hamas (Reuters)

US military raid inside Syria's border

 

Flashback: Max Keiser Calls Paulson and the Bankers “Financial Terrorists”

They Made a Killing: The Use of Knowledge of Covert Operations in the Stock Market

Worst is yet to come for economy

Uses for $700 billion bailout money ever shifting

Alan Greenspan’s 18 year crime spree was “a mistake”

Thousands of hedge funds, banks, companies on brink of failure

Americans Don’t Want a Corporate Bailout U.S. News & World Report | Americans want the free market and not Washington to decide which companies live or die.

Medvedev: US to blame for global financial crisis

Debt linked to huge buyouts is tightening the vise

Inflation, Stagflation, Are Looming Threat

Evidence of a recession piles higher with new data

 

Ex-CIA Man Warned Top Executives To Leave New York On 9/11

AP IMPACT: Flood of wounded GIs swamps care units (AP)

Prince Turki accuses US government of doublespeak

Israeli security chief warns of assassination by israelis to thwart peace...

Pakistan warns US over missile strikes Pakistan’s Defense Minister Chaudhry Ahmad Mukhtar has warned the US General David Petraeus of growing anti-American sentiments in the country.

 

RAND (think stink tank with new plan based upon the Iraq plan debacle that worked so well for the u.s. and the deficit laden economy) Lobbies Pentagon: Start War To Save U.S. Economy Paul Joseph Watson | EXCLUSIVE: Shocking proposal urges military leaders to attack major foreign power.

Lies and Audiotape: Morgan Chase Exec Brags Bailout Is for Compensation/Bonuses, Takeovers, Restructuring, Not Lending Boston Globe | Congressional investigators demanded State Street Corp., Citigroup Inc., and seven other banks justify billions of dollars in pay and bonuses after they accepted $125 billion as part of a taxpayer-funded bailout.
U.S. Economy: GDP Shrinks (even with fake better than expected GDP numbers from corrupt commerce department) at Fastest Pace Since 2001 The government falsely reported Thursday that the economy shrank only 0.3 percent in the July-September period, still a significant slowdown after growth of 2.8 percent in the prior quarter in the summer, sending the strongest signal yet that a deep recession has already begun. Consumer spending, which accounts for two-thirds of the economy, dropped by the largest amount in 28 years in the third quarter. One expert says multiple levels of things going wrong in u.s. recession, ie., consumer spending down and declining, housing recession, fraudulently worthless investments, worthless Weimar dollars that are being printed/created like mad, etc.. Another expert says fake GDP number in 3rd quarter does not capture slowdown which will be reflected in 4th quarter with minimum 2-4% decline.
Asian shares fall, to post worst month ever

 

Consumer Confidence and Dollar Plunge; Oil Prices Soar

Georgia accused of targeting civilians

The 2008 land grab for food and financial security
Israel demolishes dozens of West Bank shacks (AP)
Spector killed actress in fit of rage: prosecutor

 

11-06-08 Barack Obama wins american presidency (by what is close to but dare not be called landslide) ….. Congratulations! … (dated 10-31-08)

 

October auto sales may have hit two-decade low (Reuters)

Worst Month Since 1987: With the Worst Yet to Come, Investors Say Good Riddance to October
China And Russia Hint At Dropping US Dollar

FDIC takes over Freedom Bank, 17th failure this year

 

Credit-Default Swaps on US Treasuries Have Risen Nearly 40 Percent Since Bailout Law Signed; Now About the Same as on Mexican and Thai Government Debt One way or the other, america’s credit rating will be downgraded, which will only add to America’s financial problems.
Intel chief sees growing potential for conflict Reuters | The risk of international conflict will increase in the next two decades as China, India and Russia become major powers and competition for resources grows.

“A Second 9/11″: An Integral Part of US Military Doctrine Michel Chossudovsky | For several years now, senior officials of the Bush administration have intimated that there will be “a Second 9/11″.

Occupiers attack Palestinians

Maliki: Don’t call it a ‘security pact’; it’s ‘an agreement to withdraw’ U.S. troops

Nasa first ever moon rocket Ares ‘could kill astronauts’ A rocket at the centre of Nasa’s plans to go to the moon for the first time is so “dangerously flawed” it could kill its crew, agency engineers have said, which should be expected from a first time endeavor as opposed to the fake moon landing that supposedly occurred almost 40 years ago.

Ex-Italian President: Provocateur Riots Then “Beat The Shit Out Of Protesters”

Cindy Sheehan's Campaign HQ Heavily Damaged in Attack by typical guinea ‘i love my godfather bush’ pelosi facistas ...  Cindy Sheehan’s Campaign Headquarters Heavily Damaged in Late Night Attack

World Tires of Rule by Dollar

‘US strike’ kills 20 civilians in Pakistan

12 Israeli warplanes have again violated Lebanese airspace and Lebanon

Syrians rally against US aggression

 

US military raid inside Syria's border
An American helicopter-borne troops from Iraq on Sunday launched an assault on a residential area in the Syrian village of al-Sukkiraya which lies just eight kilometres from the border. Eight civilians were reportedly killed in the attack. Former Lebanese president Emile Lahoud said today that only Iran and Syria have supported Lebanese resistance against Israeli aggression
Syria-USA, Politics, 10/28/2008
Germany stresses mounting global foreign policy role of Persian Gulf countries
Talking to the press after her meeting with the king of Bahrain, Hamad bin Isa al-Khalifa, Merkel hailed the readiness of Persian Gulf countries to find a solution for the international financial crisis.
Bahrain-Germany, Politics, 10/28/2008

Lukits: Our Goal is to help building Palestinian state
He explained "looking into any functioning penal system, we find that the rule of law, law and order, criminal justice are a continuum, which we are increasingly concerned about, because the system is still not working, despite all investments."
Palestine-European Union, Politics, 10/28/2008

Poland removes all its military from Iraq
At the start of the Iraq military operation, around 2,500 Polish soldiers were deployed in Iraq, however that number dwindled recently to 900.
Iraq-Poland, Politics, 10/28/2008

Israel's occupation arrests 8 citizens including child in West Bank
Meantime, American Consul General in Jerusalem, Jake Walles said on Monday that settler attacks against innocent Palestinian Farmers during the Olive Harvesting Season are unacceptable.
Palestine-Israel, Politics, 10/28/2008

US hawk alliance breaking down, says former President Nixon aide
Professor Robert Crane, national security advisor to former US president Richard Nixon, also said America's ambition to dominate the world is reaching its end as the country and its European allies are strictly grappling with financial woes resulting from the so-called war on terror.
Regional-USA, Politics, 10/28/2008

Hamas says W. Bank arrests could harm unity talks - WashingtonPost.com
Palestine-Israel, Politics, 10/28/2008
Britain urges Israel to halt settlements - Yahoo! News
Palestine-Israel-UK, Politics, 10/28/2008

Australia To Enforce Mandatory Chinese-Style (what can you expect from a former penal colony) Internet Censorship
CIA Led Terrorist Attack Against Syria Related to “Security Pact” in Iraq

Israeli troops kill unarmed Palestinian shepherd
Waxman (the smoke blower from the land of fruits and nuts – he seldom does anything at all-he does get face time – doesn’t he look like a hedge-hog) tells banks to justify  (the unjustifiable) bonuses  Boston Globe | Congressional investigators demanded State Street Corp., Citigroup Inc., and seven other banks justify billions of dollars in pay and bonuses after they accepted $125 billion as part of a taxpayer-funded bailout.
Beginning of Hyperinflation
Reality overthrows ‘history’s actors’ The New American Century lasted a decade. Financial crisis and defeated objectives in Iraq, Afghanistan, and Georgia brought the neoconservative project for American world hegemony crashing to a close in the autumn of 2008.

Inflation, Deflation or New Nation?  Smart people like PhD economist Krassimir Petrov argue that we will have stagflation - inflation plus stagnant growth.

Brrr-ball Title: Phillies win World Series...

Stocks: A Bear Case
Bumbling incompetent and war criminal bush urges more patients in his looney bin until he’s out of office for the economic crisis
Paul B. Farrell: King Henry's bank edict will trigger 'greatest ever depression' (at MarketWatch) …"An investor who put $100 a month into the American Funds Growth Fund of America for a decade, for example, would have had $14,562 in his account at the end of September. By Thursday [10 days ago], that would have shrunk to $11,671, not including the fund's upfront sales charge. An investor who had put $100 a month into his mattress for a decade would have $12,000." Bottom line: You've been scammed: This is total incompetence, … unethical and criminal. If you put your hard-earned $12,000 under the mattress for the last decade, it would have been worth more than the $11,671 accumulated in a mutual fund. But actually it's far, far worse! Now if you also deduct the fund's 5.75% load and inflation of more than 30% the past decade, you see the stock market's a real loser. In short, after 10 years of blindly trusting the Wall Street's advice about stocks, it turns out that investing in the stock market is not a money-making machine, but a big fat greedy black hole that gobbles up your money.
Home sales rise according to discredited commerce department relative to revised downward prior months sales (riiiiiight…that’s the way to work the statistics…at least the prior months fake stats can still be good for something) but prices sharply fall
ECONOMICS GURU: WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC... the world economy was “at a breaking point” (now broken). He believes the stock markets are now “essentially in free fall”… national banks go bust, investment banks and hedge funds collapse… panic…banking sector has been destroyed, Freddie and Fannie have collapsed, stock markets have gone mad and the economy has entered a frightening/ever deepening recession/depression…What does his objectivity tell him now? No end is yet in sight to the crisis. “Every time there has been a severe crisis in the last six months, people have said this is the catastrophic event that signals the bottom. They said it after Bear Stearns, after Fannie and Freddie, after AIG [the giant US insurer that had to be rescued], and after [the $700 billion bailout plan]. Each time they have called the bottom, and the bottom has not been reached.”
More from Grantham: S&P to 585. He called the bubble, how could anyone doubt his valuation (although even lower is more realistic)?  Jeremy Grantham at GMO has out Part II of his "Reaping the Whirlwind" two-part series on the credit crisis' aftermath(s). Among other things, he argues that there are benefits to the crisis, including increasing personal savings, an end to the hedge fund era, a reminder that government officials are not to be trusted,  and an opportunity for a cleantech Marshall Plan, among others…Grantham posits… 585 on the S&P 500 (versus today's 877).
Down for the count: The whole system is contracting Mike Whitney | The Fed now faces the daunting task of trying to maintain America’s dominant place in the global system while the economy contracts, deficits skyrocket and the pillars of US-style capitalism come crashing to earth.
Stock Market Has Fallen Steadily Since Bailout Bill Signed
COST OF THE CRASH SO FAR BUT MUCH FURTHER TO GO: $2,800,000,000,000...
China: U.S. Plundered World Wealth
Japan markets plummet to 26-year low
Eastern European economies face bankruptcy
How to Bankrupt a Nation
Evil Wall Street Exports Boomed With `Fools’ Born to Buy Debt
ECONOMICS GURU: WORST IS YET TO COME; MARKETS WILL CLOSE FOR UP TO WEEK FROM PANIC...

The New Neo-Con Reality Paul Craig Roberts | The ongoing financial crisis has put an end to the pretensions of American financial hegemony and free-market illusions that deregulation and offshoring had brought prosperity to America.

The Bailout Lie Exposed: Financial “Big Boys” Never Intended To Lend Out Their Windfall Prof. Alan Nasser | Don’t be surprised if Wall Street’s new main man soon becomes the guy Main Street loves to hate.
Down for the count: The whole system is contracting

 

Syrian diplomat says U.S. raid "outrageous crime": report
Syrian minister accuses U.S. of “terrorist aggression”
Editorial: Acts reminiscent of Bourbons EVEN a dying scorpion has a sting in its tail and can use it. That is one of the lessons to be drawn from the american cross-border attacks in Pakistan and Syria. …time after time, strong on action but short on judgment. These two attacks fit in with its arrogant policy of rushing in with guns ablaze where it does not belong, taking the law into its own hands while telling everyone that it is for their good - as if that somehow justifies it.
Syria’s fury is justified — Who can blame Damascus for getting cosy with Moscow?

Christians in India face attacks
Jewish occupiers attack Palestinians
Editoral: Livni’s failure to form coalition government a blow to peace

 

Fallout from financial crisis hammers housing (AP)

The average investment-grade industrial company bond is yielding 4.95 percentage points over Treasuries with comparable maturities, Moody's says. That's about the long-term average for much riskier junk bonds. "It's the widest level since 1932-1933," says John Lonski, Moody's chief economist. That was during the, ahem, Great Depression.

There is more hurt in store for the U.S. equity markets. If you are still thinking of riding this one out, consider Japan. Japan's Nikkei 225 is our window into the future. From its 1990 high of 40,000 it fell as low as 7,800, an 80% drop. A similar correction in the U.S. would translate into Dow 2,500.

Searching for Mr. Goodlow  [ While you certainly want to buy low (and sell high), in light of the crushing debt, deficits both budgetary/trade, global antipathy because of war crimes/profiteering, transfer of manufacturing base, and greedy frauds on wall street, corruption at all levels, etc., this time is like no other for america in the most negative sense, particularly since the average multiples for S&P for the past 5 years were based upon a huge fraud bubble and hardly a benchmark/guideline. The saying/axiom of J.P.Morgan remains apposite as ’ it is not so much the return on the money as it is the return of the money’. ]
The Crumbling U.S. Economy, Worse is Yet to Come Money and Markets | But when future history books are written on the twenty-first century, they will probably show that this time — right now — was the most dangerous for investors in decades.
Worst slump since Great Depression Telegraph | Major industrialized economies will suffer the worst slump since the 1930s, according to new research from Deutsche Bank.
Bubbles Are Bursting Worldwide George Washington’s Blog | A housing bubble has burst not only in the U.S., but in France, Spain, Ireland and the United Kingdom, Eastern Europe, and many other regions.
Kucinich calls for probe of bonuses for Wall Street aid recipients
U.S., Cuomo Open Credit Default Swap Investigation
Rapid Downward Revisions in Expected Economic Growth

Political Corruption Major Factor in Financial Crisis

Upcoming wave of layoffs won’t discriminate

Dow Sinks 514 Points

THE BLOOD CONTINUES...
Dow Tumbles More Than 500 Pts...
...stocks at fresh five-year low

Recession Will Last At Least Two Years: Roubini

Recession Now: It's Deep and It's Going to Last a Long Time, Sonders Says

 

Rogers Slams “Zombification” Of Economy, Warns Of Hyperinflation
Roubini Says `Panic’ May Force Market Shutdown, Fund Failures
Economist Roubini Predicts Hedge Fund Failures, Panic, Closed Markets  Bloomberg | Respected economist says we have “reached a situation of sheer panic” and don’t be surprised if policy makers need to close down markets for a week or two in coming days.”
Job cuts, carmaker woes, deepening global recession reality and prosecution/disgorgement fears
Job losses accelerating, and the worst is ahead Slower growth expectations also have many companies cutting jobs. Jobless claims for the week ending Oct. 18 rose 15,000 to 478,000, surpassing 468,000 claims that were expected.
Analysts' Forward-Looking Estimates: Just Plain Nuts
Warren Buffett, Senile Government Propagandist
Gonzo greenspan, the senile, myopic, hindsighter (or just plain hind/ass), and co-architect of the current fiscal, economic, financial debacle while denying responsibility/accountability and failing to get to the real problem, the massive securities fraud, says : ‘Credit tsunami’ to have severe impact DAAAAAH!

Global recession reality intensify, markets dive
Wall Street drops on reality of deep slowdown
September existing home foreclosure sales up 5.5 percent
Stocks fall on belief global recession is at hand (AP)
Recession alarm rings around the world
79th anniversary of 1929 Wall Street Crash...
Markets Nosedive on Grim Economic News
The Myth that Laissez Faire Is Responsible for Our Financial Crisis When Reality is that Crisis Caused by Inherently Criminal americans
Britain in recession as economy shrinks by 0.5% - the worst figures for 18 years
Markets in tailspin Reuters | Wall Street joined a global market rout on Friday that kicked off in Japan, led Russia to suspend trading and sent oil and other commodities tumbling on reality of a deep worldwide recession.
World markets sink as recession realities spread Associated Press | World stock markets fell sharply Friday on growing reality that the sharp global recession will ravage corporate profits and push smaller developing economies to the brink of collapse.
They Did It On Purpose: The Housing Bubble & Its Crash were Engineered by the US Government, the Fed & Wall Street During the Clinton administration, the government required the financial industry to start expanding the frequency of mortgage loans to consumers who might not have qualified in the past, and then there was/is the blind eye to the huge fraud. 

Gonzo greenspan's Fall: Mistakes and Frauds Were Made, But Not Just by 'the Maestro'
Dr. Alan Greenspan - Mr. Bubbles
Gonzo greenspan says 'credit tsunami' to wipe out spending, jobs DAAAAAH!
Ron Paul Hits Out At “Arrogant” Greenspan

Iraqi MPs wary of US-planned coup
Rep. Barney Frank calls for 25% cut in military spending...
Israeli-US ties: Shocking truths At an international conference in London dubbed “Terrorism: Alternative global perspectives”, Alan Hart, the author of “Zionism: the Real Enemy of the Jews”, stated, “The United States is supporting Israeli-sponsored terrorism in the Middle East.”…..

 

Nelson: How About A Bailout For America’s Family Farms?
‘US missiles’ hit Pakistan school
Mentally ill McCain supporter from bushland Texas bears mark of ‘B’ for bush the beast in fabricating tall tale of attack, beating, robbery and false report.
Video...     Buchanan: What if 'SNL' mocked Michelle Obama? What if Buchanan’s wife had wheels…..she’d be a trolley car, of course.

Police: McCain volunteer made up robbery story The Associated Press - PITTSBURGH (AP) - A McCain campaign volunteer made up a story of being robbed, pinned to the ground and having the letter "B" scratched on her face in what she had said was a politically inspired attack, police said Friday.
Woman admits making up McCain sticker attack, police say CNN International
One Texan's tall tale debunked: McCain volunteer admits making up ... Dallas Morning News

Global Stocks Decline on Recession Concern; Euro, Oil Retreat
ASIA PLUNGE THURSDAY...
Brazilian stock market suspended...

House prices ‘to plummet by 35%’ - the biggest ever fall in Britain

Too Big to Fail?     Four More Years!     Unstoppable changes in the post crash world
NETWORK NEWS SLUMP; VIEWERSHIP FADES as they realize network news is cooked, controlled, censored...

The ABCs of Paulson’s Bailout Michael Hudson | The bailout terms suggest that what Wall Street wants pretty much what colonialist Britain achieved for so many years in India and Africa: puppet leaders with an imperial political advisor.

Afghan soldiers killed in Nato air strike

E. Howard Hunt: JFK Assassination Revelations

What Will Obama’s “International Crisis” Be?

Police Prepare For Election Day Riots

Porton Down Biowarfare - Top Brass Admits to ‘Increased Civilian Resilience’

White House aide says 48 parts of nation (excluding Hawaii and Alaska) in recession
Bruised economy likely to limp into next year (AP) AP - Beaten down by housing, credit and financial crises, the bruised economy is likely to drag into next year, leaving more people out of work and more businesses wary of making big investments.
Wall Street eyes earnings, looking for the elusive and ever more distant bottom (AP)

More banks may fail, IMF warns

Homeless numbers ‘alarming’

Sector Snap: BlackRock misses, asset managers fall (AP)

US Bancorp 3Q profit falls 47 percent

Weak profit picture and economy worries hurt Wall Street

 

Mongols motorcycle gang arrested in federal sweep (AP)

Human heads sent to Mexico police
Colin Powell, that font of credibility (UN talk of Iraq WMD’s will never be forgotten or forgiven) and token republican negroe, Warns Of Coming Crisis “We Don’t Even Know About Right Now”

Report: U.S. Navy Warship On Fire In Persian Gulf A U.S. Navy warship stationed in the Persian Gulf has reportedly caught fire, with officials not ruling out that a “blast” was the cause of the blaze. Fears of a Gulf of Tonkin style provocation to grease the skids for an invasion of Iran have repeatedly surfaced in the media.
Private Military Contractors Writing the News? The Pentagon’s Propaganda at Its Worst
Biden Predicts “International Crisis” Within First 6 Months Of An Obama Presidency
Occupiers attack Palestinians
US official: Mexican cartels murder, kidnap in US (AP)
Top advisor says US already in recession
Globalists Exploit Financial Meltdown In Move Towards One World Currency
The Panic of 2008 and Financial Socialization
How sad to see the devolution of Buffet into senility; of course, he has already said he was giving his fortune to charity…..Is that so, as Ted Turner gave $9 billion as per pledge to the U.N.,NOT (low on lithium). While Buffet can afford to lose money, most americans cannot and while you certainly want to buy low (and sell high), in light of the crushing debt, deficits both budgetary/trade, global antipathy because of war crimes/profiteering, transfer of manufacturing base, and greedy frauds on wall street, corruption at all levels, etc., this time is like no other for america in the most negative sense and the message misguided, particularly since the average multiples for S&P for the past 5 years were based upon a huge fraud bubble and hardly a benchmark/guideline. The saying/axiom of J.P.Morgan remains apposite as ’ it is not so much the return on the money as it is the return of the money’.
Housing market and consumers on the ropes

EU Leaders Call for Global Currency

Additional Thoughts on the Bailout Paul Craig Roberts | Congress needs to restore financial regulation, not reward those who caused the crisis.

U.S. policies may have contributed to Iran revolution, study says
US-led strike kills 25 Afghan civilians

Stocks plunge anew as data points to conveniently belated realization we’re in a recession

The stock market plunged the most since the crash of 1987 as disappointing retail sales data and credit concerns renewed economic fears. Specifically, the S&P 500 plunged 9.0%, settling near session lows.

Constant parallels are drawn between today's financial meltdown and the Great Depression of the 1930s.
Recession looms despite global interventions

Banks borrow record $437.5 billion per day from Fed

McCain vs. Obama: They Can Debate All Night, But Neither Can Save the Economy

‘The global economy is going through a "profound shift" as it deals with the unwinding of debt leverage, which Todd Harrison, CEO of Minyanville.com calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and hedge funds were all made bigger because of the unfettered use of leverage. The unwinding process is going to result in a "prolonged period of socioeconomic malaise," he says, predicting unemployment will rise will into double-digits before the cycle turns.
The most recent batch of economic data certain support a grim outlook:

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

 

Dow Jones Bloodbath Mirroring 1929 Rout  Paul Joseph Watson | Bottom should be around 27 per cent below “bailout bounce” according to analyst.
Calls For New Global Financial Order Increase
Banks Hoard Cash as Credit Card Defaults Rise
Not Enough Money in the World: The Real Monster in the Meltdown Closet
Criminals in u.s. criminalizing dissent
Officials: FBI investigates ACORN for voter fraud (AP)
Don’t Blame Capitalism This crisis resulted from government reluctance to regulate the unbridled greed of Wall Street.
Financial crisis: The brighter side One of the more intriguing aspects of the current financial chaos is its effect on political reputations. In the US, it has finished off president bush’s et als, although there wasn’t much there anyway. He is seen as deeply tainted by events/crises of his or his making.
Hypocrisy and humbug from the White House
Ahmadinejad slams US for Iraq ‘oil theft’

Senator says White House withheld CIA interrogation information

Economic activity weak across U.S.: Fed Beige Book  …..      Bernanke’s dour assessment says credit crisis menacing U.S. economy…..daaaaah!

JP Morgan raises 2008-09 gold price forecast

US confronts probability of long, deep recession/depression

Dow Loses 8%

NOT AGAIN!
Biggest % Drop Since 1987...
Dismal...
Feds investigate WASHINGTON MUTUAL failure...
U.S. Stocks Plunge Most Since Crash of `87 on Recession Concern

Total Bailout Cost Heads Towards $5 TRILLION The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure.

Feds Give Hundreds of Billions to Banks, But Get Only NON-VOTING Shares in Return

U.S. mood plummets as crisis deepens: Reuters poll

U.S. Economy: Retail Sales Slide Signals Deepening Recession

 

Gunmen Open Fire on U.S. Consulate in Mexico

Journalists targeted in latest Mexico drug violence

Economy sheds most jobs since 2003, more cuts seen (AP)
This is a secular bear market – check out the cycles.
Stocks Dive After Vote ...

It's Not You, It's the Market - Now Officially the Worst S&P Decline in History

Betrayed by the Bailout  On this date, October 3, 2008, the American people were betrayed by those whom they had elected to represent them. The grassroots rebellion that led to the House’s rejection of the Bush Administration’s Wall Street bailout bill on Monday flamed out on Friday, overwhelmed by a massive lobbying campaign by Wall Street and by a propaganda push in the corporate media in favor of passage.

The New American Century; Cut short by 92 years They call it the Oedipal Effect. By obsessive neo-con/israeli attempts to create their desired outcomes, they actually accomplished the opposite. I warned of this. Global Research | The era of Superpower America is coming to an end. The financial crisis was the last straw.
DON'T BREAK OUT THE BUBBLY JUST YET    IRWIN KELLNER
Commentary: Dow's Monday jump doesn't mean happy days are here again…..sometimes it pays to look before you leap. The Dow is still nearly 4,800 points below its all-time high set just over a year ago. And the U.S. economy is in a recession.
Glenn Beck Highlights Threat Of Martial Law Following Economic Crisis
Chicago To Shut Down Government To Save Cash...
33% 'Parking Tax'...
A Trillion Dollar Bait and Switch: The Bailout and the Smell Test The explanation that has been given for the financial crisis does not match up with the solution that has been devised. Moreover, the windows into the crisis offered by the authorities are opaque rather than transparent.
Bailout Like Treating Junkie With Shots Of Heroin Investment analyst Puru Saxena told a CNBC audience this morning that the Wall Street bailout was akin to treating a drug addict with shots of heroin, and warned that flooding the financial system with overprinted currency would lead to poverty, raging inflation and eventually a total collapse of the U.S. economy and the dollar.
Banks dictate conditions of US financial bailout Alex Lantier | The result of this bailout — a major consolidation and restructuring of the US banking industry — will be quite harmful to the interests of the population.
The t_rump: Feels Like Socialism … But I Like It …..Want to buy some real estate? Or watches, swampland in jersey, etc.  CNBC | “We were headed for Great Depression No. 2,” admitted trump.
Gold Rebounds on U.S. Fed Decision to Flood System With Worthless Weimar Dollars

 

AIG hits up Fed for more money CNNMoney.com

U.S. Trade Deficit at $59.1B; Job Losses Mount

US Missteps Are Evident, but Europe Is Implicated New York Times - By NELSON D. SCHWARTZ PARIS - A week ago, European leaders said they knew who was responsible for the global credit crisis. Silvio Berlusconi, Italy’s prime minister, blamed the United States… Stocks are on track for their worst year since 1937

Decades of Negative Returns: A Long-Term Look at the Dow

Dollar, Euro, Sterling May Be Destroyed Zimbabwe-Style Paul Joseph Watson | Hennecke says hyperinflation will cause gold price explosion.

The October Surprise: Global Panic

Blatant Banker Manipulation Of Gold Prices

Rescue for the Few, Debt Slavery for the Many

FILL YOUR BOOTS: DOW CLIMBS 936...

Treasury plan to inject $125B Weimar dollars in top 9 US banks...

Two More U.S. Banks Fail (at TheStreet.com)

U.S. works on bank plan, IMF warns of further market fall

[$$] Two Banks in Midwest Fail (at The Wall Street Journal Online)

PAKISTAN: FIVE KILLED IN MISSILE ATTACK BY DRONES... DEVELOPING...

US seeks more military budget for war?

FOOD RATIONS IN CUBA AS CRISIS GROWS...

NKorea off US blacklist after nuke inspection deal (AP)

Missile fired by US drone kills five in PakistanISLAMABAD: Despite Islamabad's repeated assertion it will not allow violation of its airspace by foreign planes, a barrage of suspected US missile strikes in the country’s northwest killed scores of people recently. The latest missile strike by an unmanned drone killed five people late Saturday. Not a single victim was believed to be a foreign Al-Qaeda fighter, officials said yesterday.

Official: Gunmen shoot at US consulate in Mexico (AP)

Synagogue opened near Al-Aqsa Mosque

THE WAR IN UNWINNABLE AFGHANISTAN

America’s Financial Apocalypse Economists Need to Sit Down and Shut Up Mike Stathis | I can make a very strong case that the U.S. has been in the early stages of a silent, modest depression for at least two years.

Bankers Want World Economic Government To Solve Financial Crisis They Created Paul Joseph Watson | The culprits who caused the problem offer their solution - more power for themselves.

Rogers: Global Bankers Have Unleashed Inflationary Holocaust Legendary investor Jim Rogers warned during a CNBC interview this morning that global central banks are creating the environment for an inflationary holocaust by their ceaseless overprinting of currency, a measure that isn’t even successful in stabilizing the stock market.
Paul Joseph Watson | CNBC hosts unable to grasp basic economic principles.
Mike Whitney | The prevailing wisdom is that Wall Street will continue to suffer historic losses and that this will mark the end of America’s dominance as the lone superpower.
Richard C. Cook | The problem is the oncoming recession/depression caused by the absence of an economic engine to generate new producing power.

Banks Hoarding Cash to Pay Derivatives Liabilities

Japan suffers biggest single-day stock drop for 20 years

Dow Plunges Below 8,000

Stocks are on track for their worst year since 1937

Global Stocks Tumble, Driving S&P 500 to Worst Week on Record

Swagger turns to shudder a year after market high...
'MAY DROP 50% FROM TOP'...

Stocks Drop in Rollercoaster Session; Dow Average Swings 1,000 Points...
Bush says anxiety feeding market instability...  Carter slams Bush on market crisis...
EUROPE STOCK ROUT...
Carter slams Bush on market crisis...
London shares bloodbath...

DOW LOSES 18%... THE WORST WEEK
Crisis becomes global crash...

 

I survived the Georgian war. Here’s what I saw.  Lira Tskhovrebova | Do americans realize that a military trained and equipped by the US government and israel attacked a civilian population as they slept in their beds?

U.S. Army prepares to invade U.S.

Is the Federal Reserve Engaged in Acts of Economic Warfare Against America?  Federal Reserve extends reach with 1930s powers  Associated Press | Dusting off Depression-era emergency powers, the Federal Reserve is extending its reach over the economy as never before, pushing the limits of its authority, if not exceeding them.

China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds

Putin’s step toward redemption as he gets tiger cub and greater wisdom for his birthday...

 

Recession reality plunders Wall Street, Dow dives 678.91 (Reuters)

Dow plunges 679 for 6th triple-digit loss in a row (AP)

GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low

Banks borrow record amount from Fed

Gold expected to rally above $1000 in Q1 2009

Dow plunges 679 for 6th triple-digit loss in a row (AP)
Prudential becomes latest insurer to warn (Reuters)

What the Pros Say: All that Glitters is Gold

Obama/McCain Sheeple Cheer Police Violation Of Free Speech

Thousands of Troops Are Deployed on U.S. Streets Ready to Carry Out “Crowd Control”

ABC: NSA agents admit spying on Americans’ private calls

US report says Afghanistan conflict rapidly worsening

How To Solve the Financial Crisis: Get Rid of the Liars and require term limits After 7 years of lies from Bush, Cheney, Pelosi and the gang, people have stopped believing them.

Israeli cops violate Al-Aqsa sanctity

Poetic justice in US meltdown

DOW LOSES ANOTHER 7%

Asian Stocks Plunge, Set for Worst Week on Record...
Live Chart...
GM Shares Fall to Lowest Level Since 1950...

No bottom in sight on Wall St...

Banks borrow record amount from Fed...

Aussies joke - and hope - that Communist China can save capitalism…riiiiight...

NYC National Debt Clock runs out of digits...

Stocks retreat again despite emergency rate cut Associated Press | The Dow Jones industrials, already down 875 points this week, fell another 200, and all the major indexes were down sharply.

Retirement accounts have lost $2 trillion so far

Russia’s RTS, Micex Stock Markets Closed Down

Chavez: “Comrade Bush” a Socialist

China state paper lashes US monetary policy

‘Economic 9/11′ exacting grim psychological toll in US

You Saw It Here First; Economic Crash, Banker Stick-Up Predicted Long Ago While mainstream corporate media lied to Americans claiming economy was strong, we were warning about a “global crash” and a faux solution of “predatory globalism” nearly two years in advance.

The next burden: hyperinflation

30 Civilians Died in Afghan Raid, U.S. Inquiry Finds

Rate cuts boost gold, silver, higher prices imminent

Asian stocks battered on fears for global economy

The Government got you into this mess so don’t trust them to get you out of it, says rogue trader Nick Leeson

Bailout Has Already Been Proven Worthless (Can We Cancel It Now?) We just had a $700 billion bailout bill that was signed into law and done in defiance of the American people at large. This money is on top of many more billions that have already been spent bailing out Wall Street.

Stocks tumble as Wall Street worries about financials

Retirement accounts have lost $2 trillion (AP) AP - Americans' retirement plans have lost as much as $2 trillion in the past 15 months, Congress' top budget analyst estimated Tuesday, and they wanted social security to a part of the wall street fraud/debacle…riiiiight!

Bernanke: Crisis could prolong economic pain (AP) Daaaaah!

BofA shares fall on worse-than-expected profit (AP) Shares of Bank of America Corp. fell sharply Tuesday afternoon, a day after the banking giant reported much worse-than-expected earnings, announced plans to raise $10 billion in capital by diluting share offering and slashed its dividend in half.

Fed to buy massive amounts of short-term debt creating/printing worthless Weimar dollars like mad with hyperinflationary depression to come as consequence.

Bernanke: More economic pain ahead Daaaaah!

Congress scolds former AIG executives breaking their hearts forever, but not too much promising to take their campaign contributions, over crisis. Term limits are necessary! Tax revolts are a coming (AP)

Wall Street sinks again on crisis fears (Reuters)

Bernanke signals readiness to cut rates in crushing blow to dollar in desperation (Reuters)

The End of American Hegemony

Kiener: Gold Prices To Double On Paper Market Default

It’s America that’s bankrupt

Panic as Russian stock market falls by almost 20%

Japan falls nearly 10%.

MORE PAIN...

Alcoa trims forecast along with bad results while Bank of america reports much lower (down 68%), cuts dividend in half, and announces a dilutingly wopping $10 billion in new stock offerings
S&P, Dow Average Post Worst Annual Retreat Since 1937...

Asian markets plunge on reality that crisis is spreading...

Evans-Pritchard: Germany takes hot seat as Europe falls into the abyss...

The Downturn Worsens: Would Ed Leamer Concede the Reality that We're in and Have Been in a Recession or Worse?

Dow dives below 10,000 on credit, recession fears
Those needful things on wall street say MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU cooperation for their past, present and future frauds, etc., how about prosecution, prison, fines,  and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits)

Crisis hammers stocks, U.S. urges unified response

Czar Paulson Picks Neel Kashkari to Head Banker Takeover  Associated Press | The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion “rescue” effort for financial institutions.

Fed May See Companies, States as Next Crisis Fronts

Dow plunges below 10,000

Financial crisis pummels stocks Arab News

Hyperinflation Catalyst For $2,000 Gold

Cramer says Get Out Of The Market  Cramer urges viewers to get any capital they are going to need for the next five years out of the stock market.

Pope says world financial system is 'built on sand'...
STAMPEDE AT NBC: Jim Cramer warns investments could lose 20% of value...
FLOOD AT FED: Doubles Cash Sales to $900 Billion...
MARKET MAYHEM: London suffers sharpest fall since '87...
Gunman kills self, five kin over financial woes in L.A....

Editorial: Olmert’s belated truths on peace

British commander says war in Afghanistan cannot be won

The end of America? Latin America, long regarded as America’s backyard, has recently hoisted the flag of defiance to its northern neighbor. In recent weeks, America’s ambassadors have been expelled by Venezuela and Bolivia
ASIA: TUESDAY...

'Human evolution is over'...

One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.

 

A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies.

 

"Despite days of negotiating, this is still the same bailout bill, written by a Wall Street guy with a Wall Street solution to a problem created on Wall Street," said Rep. Mike Rogers, R-Mich. "This bill was still a blank check to Henry Paulson."

 

This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. 

Saudi investors suffer losses due to US crisis JEDDAH: Many Saudi and Gulf investors suffered heavy losses after some American and Gulf banks used their funds to buy risky mortgage bonds just before the subprime mortgage crisis erupted in the US....

Democratic Congressman: Representatives Were Threatened With Martial Law In America Over Bailout Bill A Democratic Congressman has warned that a panic atmosphere is being intentionally created in order to get the financial bailout billed passed, further stating that several members of Congress were told before Monday’s vote that martial law will be instigated in America if the legislation fails.

Job Losses: Worst in 5 years CNNMoney.com

The Bailout Is A Fraud

Israel fears new radar will reveal army secrets

Settlers attack Palestinians

O.J. Simpson convicted, jailed in Las Vegas  Simpson guilty on all charges in robbery trial (AP)

McCain: “I Always Aspire To Be A Dictator”

Financial Swindle: Blame It On Testosterone

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

Wealthy investors hoard bullion

U.S. Sept. ISM manufacturing index plunges to 43.5%

America Loses Its Dominant Economic Role

Lessons from America's economic failings

Iraqi military deaths up

Pakistan accuses US of terrorism

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Figures Reveal Corporate Cronyism At Work In Bailout Vote

Bailout Would Only Prolong Crisis: Jim Rogers

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Regulators Ease Securities-Valuation Rules WASHINGTON -- The Securities and Exchange Commission and the U.S. accounting-standard setter issued guidance that will allow companies to use more flexibility when valuing securities in a market that has dried up, a move the banking industry hopes will relieve pressure on company balance sheets…..[sounds like a plan…..riiiiight!]

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

If You’re Looting the Treasury, Give it To US If the government is looting the treasury to the tune of of $700 billion plus, give the American people the money, not the con artists who got us into trouble in the first place.

Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Billion dollar fund manager Mark Tice says that the Federal Reserve’s ceaseless printing of dollars will cause gold to surge past $2,000 an ounce, while the Dow will fall below 5,000.

 

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

SENATE BAILS THEM OUT!

Auto sales plunge as credit crunch hits...

 

Indeed, one wall street expert commented that assuming passage, at best, the frauds would have cheered their coup with a rally which would be short-lived owing to economic/financial  fundamentals/reality.

Dem Congressman: 'We put thieves in jail, we don't bail them out'...
EYE OF THE STORM: House Republicans Blame Pelosi's Speech...
Pence: 'American people rejected this bailout and now Congress did likewise'...

 

Not so much bail-out as rip-off

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

Calls For New EU Financial Order Increase As Total Meltdown Becomes Likely With major European banks now failing, calls have increased for an entire restructuring of the financial system under a centralized EU supervisory body.

Congresswoman: Criminal Insiders Behind Bailout Bill Paul Joseph Watson | Rep. Kaptur: Normal legislative process has been shut down, high financial crimes committed, Republican Michael Burgess says “martial law” has been announced.

Rep. Burgess: Congress “under Martial Law” to pass banker bailout bill D. H. Williams | Burgess asks the Speaker of the House to post the bailout bill on the internet for at least 24 hours.

 

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST...
WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump and now the so-called supreme court (he should have gone to jail) justice] how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) and he further says let the ceo’s go and some of the failed institutions fail,  and the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so  great opportunity to sell/take profits while you still can.

Bailout marks Karl Marx’s comeback  Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him….. 

Not One Dime!  Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

“Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It?  In the post-bubble era there will be no more economic engines for the American economy. A long term recession and depression are inevitable, and they are expected by those in the know.

Bailout Bill Loaded with ‘Pork’

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Congress' Economic Literacy (Or Lack Thereof)

Bailout Bill: Second Verse, Same as the First

PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...
Bank Limits Fund Access by Colleges, Inciting Fears...

Olmert calls for Golan Heights pullout

Western world will become significantly less wealthy...
WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...
Harvard economist: Bankruptcy is right answer...

PAPER: 'Bailout marks Karl Marx's comeback'...
Talk radio holds firm over 'socialist' bailout...
EU Bank rescues spread...
FDIC asks for temporary hike in $100,000 cap on insured deposits...

Olmert says Israel must withdraw from West Bank for peace - LA Times
Palestine-Israel, Politics, 9/30/2008
Olmert: Israel has to return lands - Guardian Unlimited
Palestine-Israel, Politics, 9/30/2008
Olmert Steps Down As Premier Of Israel - WashingtonPost.com
Palestine-Israel, Politics, 9/30/2008
Rice and Syria FM hold talks on regional peace efforts - Yahoo! News
Syria-USA, Politics, 9/30/2008
Blast Injures Israeli Academic Critical of Jewish Settlements - WashingtonPost.com
Palestine-Israel, Politics, 9/30/2008

Israeli occupation closes the West Bank
Israeli Occupation Forces (IOF) imposed a closure of the West Bank and the Gaza Strip today, ahead of the Jewish New Year holiday.
Palestine-Israel, Politics, 9/30/2008
International Solidarity Movement to reestablish presence in Gaza
The International Solidarity Movement (ISM) announced that they will soon re-establish their presence in the Gaza Strip to support non-violent direct action against the Israeli Occupation.
Palestine-Israel, Politics, 9/30/2008

 

Sold to US taxpayers for $700B: banks' bad assets (AP)

Wall Street Bailout: Making a Deal With the Devil

The ‘just trust us’ (riiiiight) bailout

Sentiment Overview: Cash is King

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Gotti arrest recalls Fla. mob history (AP)

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

Blacks, whites show prejudices along racial divide (AP)….."They can't blame the white man," he says of blacks. "Their own color sold them into slavery."…..
Gingrich: Paulson Should Resign...
WARNING: STOCKS COULD LOSE 1/3... Officials close to paulson are privately painting a far bleaker portrait of the fragility of the global economy than that advanced by president george w bush in his televised address last week. One Republican said that the message from government officials is that “the economy is dropping into the john.” He added: “We could see falls of 3,000 or 4,000 points on the Dow [the New York market that currently trades at around 11,000]. That could happen in just a couple of days. “What’s being put around behind the scenes is that we’re looking at 1930s stuff. We’re looking at catastrophe, huge, amazing catastrophe. Everybody is extraordinarily scared. It’s going to be really, really nasty.” …..
CREDIT CRUNCH BANKER KILLS HIMSELF...

All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments.  Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market,  New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper0]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump and now the so-called supreme court (he should have gone to jail) justice] how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) and he further says let the ceo’s go and some of the failed institutions fail,  and the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so  great opportunity to sell/take profits while you still can.
Rogers: Dollar To Lose World Reserve Status  

The United States of America is the Next Argentina  Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy  Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

SEC ends program to oversee investment banks The U.S. Securities and Exchange Commission is ending its program to supervise large independent investment banks now that the five participants have collapsed or reorganized.

WaMu becomes biggest bank to fail in US history (AP)

Bailout Talks Lose Sight of the Cost Question

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

Bailing Out Wall Street Won’t Save Main Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

Rally Now, Wheels Come Off Later - Faber

WaMu is largest U.S. bank failure (Reuters) Reuters - Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion.

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Bailout in chaos, feds seize WaMu

Pakistan warns US troops after exchange of fire

JPMORGAN to take over WASHINGTON MUTUAL deposits...
FDIC seizure... WaMu Files for Bankruptcy Following FDIC Seizure (Update2)Bloomberg - By Christopher Scinta and Tiffany Kary Sept. 27 (Bloomberg) -- Washington Mutual Inc., a holding company for the savings and loan that became the biggest US bank to fail, filed for bankruptcy protection along with its unit WMI Investment Corp. Government Seizes WaMu and Sells Some Assets New York Times  ...largest US bank failure

DOMINATE: GOOGLE founder accuses broadcasters of 'rigging' tests...
Dirty Secret Of The Bailout: Thirty-Two Words That None Dare Utter  ‘Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency’. In short, the so-called “mother of all bailouts,” which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People’s duly sworn representatives.

Bush & McCain Blackmail America With Economic Terrorism  Paul Joseph Watson | Ferocious fear-mongering rhetoric, possible cancellation of presidential election as financial terrorists threaten Americans with chaos unless power-grabbing bailout bill is passed.

Lawsuit Challenges Banker Bailout Scam

A 700 Billion Bailout With No Review or Oversight Whatsoever  Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Banking System Will Need Another $500 Billion or More: Gross Point Blank

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

Refusing Dollar as “World Currency” Inevitable

New Home Sales Plunged 11.5% to 17-Year Low

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

CBO’s Orszag: Bailout Could Deepen Crisis

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters  AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

Lawmakers agree on framework of $700bn bailout Barbara Ferguson I Arab News WASHINGTON: Despite a cacophony of protests from American taxpayers, US lawmakers said yesterday they had reached an agreement on the fundamentals of a proposed $700 billion bailout of the frauds on wall street.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order  Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Can you trust a Wall Street veteran with a Wall Street bailout?  McClatchy Newspapers | Paulson was part of the Gold Rush that has brought the global financial system to the brink of collapse.

Taxpayers React with Anger at Wall Street Bailout

Only 28% Support Federal Bailout Plan  Rasmussen | Most Americans are closely following news reports on the Bush Administration’s federal bailout plan for the country’s troubled economy, but just 28% support what has been proposed so far.

The Bailout Will Kill the Dollar

Top Economist Mishkin: Worse Than the Depression

The Fed is Making a Killing on Banking Crisis  The Fed is creating this “money” out of thin air and using it to buy US Treasury Notes and Bonds. The Treasury (i.e. US taxpayers) are on the hook for these securities plus interest. In other words, The banksters are a trillion dollars richer thanks to this bail out.

Leave No Rapacious Twit Behind: Soft Landing for the Elite, Hard Cheese for Everybody Else  For what is that basic plan: taking at least $700 billion of your money and giving it the same rapacious, ignorant twits — the financial terrorists — who have just blown a gargantuan crater in the global economy.

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

The Paulson-Bernanke Bank Bailout Plan Saturday’s $700 billion junk mortgage bailout is the largest and worst giveaway since a corrupt Congress gave land grants to the railroad barons a century and a half ago. If it goes through, it will shape the coming century by giving finance unprecedented power over debtors – homebuyers, industry, state and local government, and the federal government as well.

Financial terrorism II: Where do we land?  

 Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

Predictions vs. Reality in Iraq Ron Paul | I was wrong about Iraq. I knew it would be bad. I didn’t know it would be this bad (I warned unequivocally against the Iraq debacle). Project Censored #1: Over one million Iraqi deaths caused by US occupation Project Censored | Over one million Iraqis have met violent deaths as a result of the 2003 invasion, according to a study conducted by the prestigious British polling group, Opinion Research Business (ORB), rivaling numbers of the Rwandan genocide.

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan blames US raids for hotel bombing

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

Bailout of wall street frauds/criminals (let them pay) is financial equivalent of the Patriot Act Andrew Ross Sorkin | Treasury Secretary Henry Paulson Jr.’s $700 billion proposal to bail out Wall Street is the most amazing power grab in the history of the American economy. Paulson: Average American 'should be scared'...

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

Why is a U.S. Army brigade being assigned to the “Homeland”?  Glenn Greenwald | For more than 100 years — since the end of the Civil War — deployment of the U.S. military inside the U.S. has been prohibited under The Posse Comitatus Act.

NO To The Paulson-Bernanke Derivatives Scam Bailout

The shadow banking system is unravelling

Buffet’s senility has been evinced. What a shame! “Mortgage Fraud”: The Paulson Bail-Out Plan As retrieved from the Washington Post and numerous other sources, a satirical e-mail frames the proposed $700 billion Wall Street bailout as a Nigerian 419 scam. The author is unknown. Goldman's shares get suspicious boost pre-Buffett

The Fed is Making a Killing on Banking Crisis The Fed is creating this “money” out of thin air and using it to buy US Treasury Notes and Bonds. The Treasury (i.e. US taxpayers) are on the hook for these securities plus interest. In other words, The banksters are a trillion dollars richer thanks to this bail out.

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

Experts See a Need for Punitive Action in Bailout New York Times - By PETER S. GOODMAN As economists puzzle over the proposed details of what may be the biggest financial bailout in American history, the initial skepticism that greeted its unveiling has only deepened.
The Hanky Panky Paulson Sale Wall Street Frauds’ Journal
I Come to You, Cashmere Hat in Hand . . . Washington Post

FBI Investigates Four Firms at Heart of the Mess

Why Bailouts Won’t Keep the System From Freezing Up We already know that Wall Street firms have used fed cash to speculate or to buy failing competitors. As the economic crash gets worse, they may just park it in treasuries to try to save their own hides.

Grasping at Straws On Friday morning, Senator Christopher Dodd, the head of the Senate Banking Committee, was interviewed on ABC’s “Good Morning America.” Dodd revealed that just hours earlier at an emergency meeting convened by Secretary of the Treasury Henry Paulson and Federal Reserve chairman Ben Bernanke, lawmakers were told that “We’re literally maybe days away from a complete meltdown of our financial system.” Dodd added somberly, that in his three decades of serving in public office, he had “never heard language like this.”

Understanding the Crisis What caused this? It is a simple question, and yet answers are all over the map, as you might expect. Here’s mine in two words: fiat money. The word fiat means: out of nothing.

US generals planning for resource wars The US military sees the next 30 to 40 years as involving a state of continuous war against ideologically-motivated terrorists and competing with Russia and China for natural resources and markets, writes Tom Clonan

Goldman, Morgan Stanley Bring Down Curtain on an Era

Millions At Risk Of Foreclosure Fraud

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

A Bailout to Nowhere The tremors come faster now. Candidate McCain mimics Herbert Hoover asserting that the economic “fundamentals” are sound, even as Wall Street asset Hank Paulson announces the latest lofting of US Treasury life preservers.

Washington, not just Wall Street, bankrupt: Obama

Financial terrorism: US taxpayers bail out Wall Street criminals In the weeks surrounding the anniversary of 9/11, the most terrifying attack on America’s soil, another attack on America’s citizenry is taking place: the systematic looting of the US Treasury to bail out American financial institutions.

Under Proposed Bailout, Feds Could Speculate, Nationalize Any Company or Industry, Or Do Anything Else They Want Using Taxpayer Money Just like Bush and Cheney have gotten us into oil wars and wars to protect Israel under the guise of being necessary to protect our national defense, Paulson and Bernanke could do anything they want by pretending it is for the stability of the financial markets, especially since no one could challenge their actions in court.

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. …

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

All Roads Lead To Hyperinflation

A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters

After the Rally "The important take-away from today is not Treasury Secretary Henry Paulson or Securities and Exchange Commission Chairman Christopher Cox" but that rallies are for selling, Jim Cramer told viewers. Cramer said the astonishing 779-point rally over the past two days can only mean one thing: sell. He advised viewers to spend this weekend evaluating their portfolios so that they are ready to sell their bad stocks on Monday and take profits in the winners. Cramer returned to a selling strategy he's used many times. He said to rank every stock in a portfolio from one to four.

1. The stocks you'd buy right now.
2. Those you'd buy on a pull-back.
3. Those you'd sell into strength.
4. The losers you need to sell right away.

After ranking all the stocks in your portfolio, Cramer advised selling 20% of your portfolio on Monday. He said that there should not be many stocks still ranked "one," after the huge rally the past two days….

 

Radical bailout plan has a jawdropping and understated price tag (AP)

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Ambac shares plunge on Moody's review (AP)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Congress examines $700 billion market bailout plan (Reuters)

Administration Is Seeking $700 Billion for Wall Street New York Times - By DAVID M. HERSZENHORN WASHINGTON - The Bush administration on Saturday formally proposed a vast bailout of financial institutions in the United States, requesting unfettered authority for the Treasury Department to buy up to $700 billion …in worthless, fraudulent, previously fraudulently commissioned over and over in different forms, collateralized “securities”; what a scam/fraud/fraudulent wealth transfer, like the ‘walk on the moon fraud’, savings and loan fraud, illegal Iraq war-profiteering/scam/fraud war, etc. ...

Oil price jumps $25 in a day...

TREASURY NOW WANTS TO BAIL OUT FOREIGN BANKS?

New world on Wall Street CNNMoney.com - By Tami Luhby, CNNMoney.com senior writer NEW YORK (CNNMoney.com) -- And then there were none. Federal regulators converted Wall Street's remaining stand-alone investment banks - Goldman Sachs and Morgan Stanley - into bank holding companies Sunday ...

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

China Blames Wall Street Meltdown On Fed Overissuance Of Currency China’s state media today reports on the real reason behind the Wall Street meltdown and a subject that the mainstream US media dare not mention - the Federal Reserve’s overissuance of currency .

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

The financial crisis is not over. Neither tax rebates nor low interest rates nor higher or lower exchange rates can do the job of reviving an economy that is burdened by insurmountably high debt loads.

Dodd: The United States  “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

Washington Mutual Next to Fall?

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

FED ANNOUNCES $180B CASH FLOOD TO FIGHT CRISIS...
DER SPIEGEL: The foundations of US capitalism have shattered...
Democratic Congress May Adjourn, Leave Crisis to Fed, Treasury...
Reid: 'No one knows what to do'...

Vermont AG candidate says she would prosecute Bush for murder

International Heroe Mordechai Vanunu israeli nuclear whistleblower's jail term reduced (AFP) AFP - An Israeli court on Tuesday halved a six-month sentence against nuclear whistleblower Mordechai Vanunu, who spent 18 years in jail for divulging Israeli nuclear secrets/program/weapons.

Iran raps silence on Israel crimes PRESS TV

Report confirms Israel’s nuclear arsenal The Sunday Times has revealed that an Israeli factory beneath the Negev desert is manufacturing thermo-nuclear weapons for atomic bombs.The secrets of the subterranean factory have been uncovered by The Sunday Times Insight team.

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Why Would “Terrorists” Want To Decapitate Anti-US Leadership In Pakistan?  Paul Joseph Watson | Hotel bombing doesn’t make sense unless “Al-Qaeda” is working to advance Neo-Con political agenda.

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Another nightmare on Wall Street: Dow down 450

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

Worst is yet to come, investment strategist warns (at MarketWatch) SAN FRANCISCO (MarketWatch) -- An influential investment strategist has a dire forecast for U.S. stocks, credit markets and the continued independence of some of the nation's top financial institutions. In the deteriorating climate he sees unfolding, Gundlach said, the Standard & Poor's 500 Index

(SPX: S&P 500 Index (SPX 1,156.39, -57.21, -4.7%) could fall another 30%, giant Citigroup (C) could become an "AIG-sized debacle," Morgan Stanley (MS) would merge with a banking company, Wachovia (WB)won't be able to stand alone, default rates on even prime mortgages could soar, and European banks' woes are just beginning…

Reid Says `No One Knows What to Do’ to Solve Crisis Two time Nobel-prize winner and former chief economist of the World Bank, Joseph Stiglitz has warned that the current financial crisis will continue for at least another eighteen months and in many ways represents a worse situation than the one faced by Americans during the great depression of the 1930s.
Gold Rises Most in 8 Years as Investors Seek Haven From Turmoil

“There is going to be a new financial world order that will be born of this”

US Economy: Rudderless and Reeling From Direct Hits Paul Craig Roberts | The current financial problems have pushed into the background the larger problems of the US budget and trade deficits.
Federal bank insurance fund dwindling Associated Press | Additional failures of large banks or savings and loans companies seem likely, and that could overwhelm the FDIC’s insurance fund.

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Global realignment: How Bush inspired a new world order  The series of unfortunate and costly decisions made during the two terms of the Bush administration, combined with economic decline at home, will devastate the US’s already diminished world standing much sooner than most analysts predict.
Editorial: Losing a war and a sincere ally ANOTHER US airstrike in Pakistan, the fifth since the beginning of the month. And there are going to be more.

NIGHTMARE ON WALL STREET: WHO'S NEXT?
Stocks Slide Most in Six Years...   DOW DOWN 500+ POINTS...   FDIC monitoring impact on insured banks...   PUMP: Fed Injects $70 Billion of Reserves; Most Since 9/11...   WASHINGTON MUTUAL Cut to Junk......

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

Ukraine’s government falls apart

For prosecution of Bush war crimes, planning begins

Key Witness to WTC 7 Explosions Dead at 53

Latin America uniting against neocons of Washington

Cheney Scales New Heights of Hypocrisy

US a step closer to Iran blockade

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

Lehman Bros files for bankruptcy

 

HELLSTORM IN HOUSTON... DEVASTATION... 4 MILLION WITHOUT POWER; COULD BE WEEKS... WINDOWS BLOWN-OUT D'TOWN... DETAILS... Commuter train, freight train collide in LA... 24 dead, 135 injured... Gas pushing $6 in Florida, elsewhere... Insurers brace for massive losses from Ike...

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

Last Gasp of a Doomed Currency

More on the Fannie/Freddie Heist

Lehman rescue fails, BofA buys Merrill for $44B (AP) A failed plan to rescue Lehman Brothers was followed Sunday by more seismic shocks from Wall Street, including a government-brokered takeover of Merrill Lynch by the Bank of America

Lehman set to go into insolvency

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

The U.S. on the Precipice

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street awakes to 2 storied firms gone

Weekly Street Sentiment: From Bad to Worse

Wall Street shaken by Lehman failure and Merrill sale

 

SUNDAY[!]: One of the most dramatic days in Wall Street history...
LIQUIDATE: Banks, Brokerages Prepare for Possible LEHMAN Bankruptcy...
ON THE BRINK...
BARCLAYS Abandons Talks...
Feds Balk at putting up taxpayer money...
CEO hubris contributed to meltdown...
BANK OF AMERICA reaches deal to buy MERRILL LYNCH for $44B....

Gonzo greenspan lauds his role in creating USA’s  'once-in-a-century' financial crisis...

 

HELL IN HOUSTON: LIGHTS OUT, NO DRINKING WATER, CURFEW...
AFTERMATH...
Race against time to save trapped...
Evacuees face long stays in shelters...
Insurers brace for massive losses...
Galveston stunned...

 

Sarah Palin Talks Lightly About Nuclear War  Moon of Alabama | The U.S. is officially attacking Pakistani citizens within Pakistan’s borders. Paul Joseph Watson | Family planning pioneer Marie Stopes advocated sterilization of non-whites & poor, sent love letters to Hitler; But respondents agree that most humans should be sterilized or killed

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

Cramer: ‘Dysfunctional’ Banking System Puts U.S. ‘Totally’ at Risk of ‘Great Depression No. 2′ Lew Rockwell | Our political economy is rife with such catastrophes in waiting, yet the public always seems startled, and outraged, when the day of reckoning can no longer be deferred.

Bullish Sentiment Drops 30%

CBOE Put-Call Ratio Indicates Negative Outlook

Get Ready For the S&P 500 to Break Below 1200

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

FEMA: The Plan to Kill America

Problem, Reaction, Solution in Pakistan  Kurt Nimmo | Sec. Def. Gates and the JCS declare the U.S. must kill more Pakistanis if CIA-ISI created terrorists in Afghanistan are to be defeated.

Olbermann: Bush Administration “Allowed 9/11 Attacks To Occur”  Paul Joseph Watson | MSNBC host slams brand name of 9/11™ that has kept constitutional crooks in office, “sociological pornography” of exploiting 9/11 images during Republican convention.

Bush: Iranians Are ‘A**holes’  Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

US 'not winning Afghanistan war'

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

WB settlers steal more Palestinian land

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Editorial: Israel a law unto itself

Sex, Drug Use and Graft Cited in U.S. Interior Department

Nader Calls For New 9/11 Investigation

Recession will hit the UK economy this year, warns European Commission

Gonzo greenspan: His recession/depression Still '50 Percent or More' Likely
WASHINGTON MUTUAL TUMBLES 30% TO 17-YEAR LOW...
LEHMAN PLANS ASSET SALES...
PENNY STOCK: SIRIUSXM FALLS ON WARNING...
Another bull joins the bears  Commentary: Peter Eliades now says Dow could drop below 9,000
The birth of Wall Street's bailout culture…But the LTCM near-collapse and rescue set in motion Wall Street's unchecked rush to risk during the decade by signaling to the market that the government would ultimately come to the rescue…

IT'S FRIDAY... ANOTHER BANK FAILS Integrity Bank Becomes 10th U.S. Failure This Year (Update2) By Alison Vekshin and Ari LevyAug. 29 (Bloomberg) -- Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, the 10th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Great Depression. Wall Street enters month of peril with outlook clouded...
THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY:

US to take control of mortgage giants: reports Reuters - WASHINGTON (Reuters) - The US government plans to put troubled mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported on Friday.
Questions, and Hope, on Plans for Mortgage Giants New York Times
Paulson Meets With Bernanke, Fannie, Freddie Chiefs (Update2)

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

U.K. Economic Slowdown 'Worst in 60 Years'...

Bracing for Another Round of Credit Related Woes

Equities: Nightmare on Wall Street?

Hedge Fund Hell

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq?  Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

FANNIE, FREDDIE Bailout Near...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

Silver State Bank in Nevada is shut

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents"  A leading investor has denounced the government seizure of two of the nation's largest financial companies as "madness" and says the move will only serve to make the markets more volatile and see house prices continue to go down.

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

US waves goodbye to prosperity and democracy

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

The great war on innocents

16 US troops commit suicide in Iraq

Scientologists charged with fraud in France...

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc”  Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Rangel had no-interest mortgage more than 10 years

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Economy Stays Stuck as Consumers Cut Back

Jobless claims jump unexpectedly

House price crash goes global

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

Iran slams French OK for Israeli strike

'Israeli army too tired for another war'

Home foreclosures reach record high

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Bobcats claim foreclosed house in Southern California... The foreclosure market is getting wild in Lake Elsinore: "Taking advantage of a slump in local real estate, a family of bobcats has moved into a foreclosed Lake Elsinore home, lolling about on fences and walls and riveting an entire neighborhood."

Trying to Avoid Pain, Americans Have Only Delayed the Invevitable and Allowed the Cancer to Spread  I understand that people are afraid to face the fact that 9/11 and the anthrax attacks were inside jobs, because that would be painful.

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Gustav Economic Impact Worse than Katrina

UK depression this year, OECD says

Feds: hurricane sparks shut-in of 96% of Gulf oil output

 

Russia Web site owner killed after arrest

After “macho-man” dumb rusky putin’s widely photographed/publicized killing of a tiger, we now await photo-film image of putin lying prone with Rita Moreno/Carnal Knowledgeable/type accepting his hundred ruble bill while telling him he’s a real man and imploring his elusive erection. Strictly a totalitarian third worlder at best who longs for the failed ideologies viz., totalitarian communism, he was brain-washed into accepting/promoting in the past. Don’t forget, this is the same scurrilous putin who was behind the murder of the future of Russia in the persona of General Alexander Lebed.

Josef Stalin acted rationally in killing millions, claims Russian textbook
Kremlin announces that South Ossetia will join 'one united Russian state'...
GUSTAV PICKS UP STRENGTH AS IT PASSES OVER CARIBBEAN... WIDE STORM... GUSTAV TRACK... MODELS... WIND MAP... SATELLITE... 'EXTREME DANGER'... HANNA TRACK...
Feds Can Bar Mad Cow Tests: Court The U.S. government has the authority to bar meat companies from testing their animals for mad cow disease, a federal appeals court has ruled.The Department of Agriculture's failure to test more than a fraction of cows for the brain-wasting disease prompted one meat company to announce that it would test all of its bovines, the Associated Press reported.But the government turned thumbs down on that request, from Kansas meat producer Creekstone Farms. Bigger meat packers feared the move would force them to employ the costly test on all of their cows, as well, the wire service said.The U.S. Court of Appeals for the District of Columbia, in overturning a lower court ruling, upheld the government's right to prevent Creekstone from testing its cows, the AP said.

U.S. Kills More Kids in Afghanistan

Georgia admits dropping cluster bombs

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

Putin who now is losing credibility fast warns against NATO navy boost made necessary by his own words and actions; he’s used to foes who carry no weapons at all (ie., that Tiger the ‘macho macho man’ recently shot is an example) and by his actions makes the case for shields and stepped up offensive capabilities as a deterrent to razputin. It’s time for this persistent obstacle to Russia’s future [the murder of General Alexander Lebed, brainwashed longing for failed ideologies of the past (ie., communism, etc.)] to get lost .

Razzie putin leads Russia down a dark path and it’s time for him to go! Indeed, so reminiscent is he of that other big game hunter and real man and novelist, Ernest Hemingway (who was in reality impotent and committed suicide) that he might consider a career as a novelist. FOR WHOM THE BELL TOLLS, RAZZIE PUTIN; IT TOLLS FOR THEE.

 

McCain Needs New Cold War

The Real Rate of Inflation is 13%  According to the method of actually looking at real prices instead of the “qualified estimates,” you will see that annual inflation in consumer prices is actually running at over 13%.

Nuclear Armaggedon: Jason Bermas Interviews Paul Craig Roberts  Infowars | If we don’t stop the insane neocons now, they will launch a nuclear war with Russia and end all life on the planet, warns Roberts.
FDIC may borrow money from Treasury Reuters | FDIC might have to borrow money from the Treasury Department to see it through an expected wave of bank failures.

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks...               Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russia may cut off oil flow to the West London Telegraph | Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU sanctions and Nato naval actions in the Black Sea.

Putin: U.S. Staged Georgian Conflict

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Editorial: Israel’s threats to Lebanon

McCain picks Palin as surprise No. 2

Alabama governor in talks to avoid local bankruptcy

Stocks end lower on personal income data (AP)

Alitalia files for bankruptcy protection

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

U.S., Russian Ships Square Off in Black Sea

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. Economy: Can’t believe that Growth Faster Than Initially Estimated on Exports The U.S. economy was falsely election-year reported to have expanded faster than previously estimated in the second quarter, helped by a weak dollar/surge in exports that will wane as Europe and Japan head toward recessions.

U.S. food prices to post biggest rise since ‘90

Pentagon can’t find $2.3 trillion  Paul B. Farrell | America’s economy is a war economy. Not a “manufacturing” economy. Not an “agricultural” economy. Nor a “service” economy. Not even a “consumer” economy. Yes, america’s Outrageous War Economy.

U.S. soldiers say they executed Iraqis  Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Iranian President Mahmoud Ahmadinejad renewed his verbal attacks on arch-foe Israel on Saturday, accusing it of dragging the world into turmoil and predicting its demise. "About 2,000 organised Zionists and 7,000 to 8,000 agents of Zionism have dragged the world into turmoil," Ahmadinejad told a rally in the central Iranian city of Arak carried live on state television. He said that if the West does not restrain Zionism, "the powerful hand of the nations will clean these sources of corruption from the face of the earth," without specifying which nations.

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Massive US Naval Armada Heads For Iran

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Clinton Advisers Skipping Obama Speech...

GALLUP Daily: Candidates deadlocked at 45%...

US anti-war protestors rally in Denver

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

UPDATE: Thatcher Has Dementia...

Washington archbishop rips Pelosi on abortion...

Ex-BOE Official Slams Fed, Sparking Hottest Jackson Hole Debate By John Fraher and Scott Lanman -- Former Bank of England policy maker Willem Buiter sparked the biggest debate at the Federal Reserve's annual mountainside symposium, saying the central bank pays too much heed to the concerns of financial institutions. ‘The Fed listens to Wall Street and believes what it hears,’ Buiter said yesterday in a paper presented to the Fed's conference in Jackson Hole, Wyoming. ``This distortion into a partial and often highly distorted perception of reality is unhealthy and dangerous.'' ... [OF COURSE BUITER IS CORRECT!] Wall Street bailout aid questioned at Fed event (AP)
Feds close bank in Kansas; ninth collapse this year...

Oil prices rise as commodity investors fear renewed cold war
View of economy somber from Fed mountain retreat

All US troops to pull out of Iraq by 2011

Documents reveal PR push for Iraq war preceded intel findings

US concedes Kremlin’s first military response in Georgia was “legitimate”  The US ambassador to Moscow, endorsing Russia's initial moves in Georgia, described the Kremlin's first military response as legitimate after Russian troops came under attack.

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

NIST WTC 7 Report: Shameful, Embarrassing And Completely Flawed  Paul Joseph Watson | NIST fails to address why ground zero workers and media outlets had prior knowledge of an “extraordinary event” never before observed an hour in advance, plus myriad of other ignored issues.

Taiwan’s security concerns ahead

And None Dare Call It Treason—McCain Advisor’s Georgia Connection  Patrick J. Buchanan | Randy Scheunemann is the principal foreign policy adviser to John McCain and potential successor to Henry Kissinger and Zbigniew Brzezinski as national security adviser to the president of the United States.

Biden is Obama pick for running mate: reports

Are You Ready For Nuclear War?  Paul Craig Roberts | In order to keep the billions of dollars in profits flowing to its contributors in the US military-security complex, the Bush Regime has rekindled the cold war.

Russia Checkmates the Neocons  Kurt Nimmo | Due to Russia’s presence in Georgia and its renewed military relationship with Syria, the neocon plan to confront Iran and encircle Russia has encountered a speed bump.

COINTELPRO 2.0  Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

French troops ‘killed by Nato jets’

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Bernanke says inflation outlook "uncertain"

Moody's ratings cut latest blow to Fannie, Freddie

Buffett: We're still in a recession

Jim Cramer Goes Off On Everybody You Tube | Cramer calls out what he regarded to be fraudulent destruction of Freddy and Fannie, and directly implies that our economy is being illegally manipulated by insiders.

Oil jumps $5 on US-Russia tensions, sliding dollar

A grim forecast for heating costs

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Crisis in the Caucasus. What Were/Are They Smoking in the White House? Eric Margolis | The U.S.’s most important foreign policy concern is keeping correct relations with Russia, which has thousands of nuclear warheads pointed at North America.  

NSA Security Officer: We Should Just Kill These People Richard Volaar | Wayne Madsen has an executive level NSA staff person on record saying that significant sentiment exists within the NSA to kill troublesome bloggers and journalists. Journalist says U.S. target was Al-Jazeera

Advisor to FBI in Anthrax Investigation Says Attack Was False Flag Terror George Washington’s Blog | Francis Boyle is convinced the October 2001 anthrax attacks that killed five people were perpetrated and covered up by criminal elements of the U.S. government.

The FBI Admits It Has No Case Against Ivins

Keith Olbermann Needs to Take Obama to Task for His FISA Betrayal Kurt Nimmo | Keith excoriates Bush and the neocons while saying Obama will be saddled with the yoke of the surveillance state.

Condoleeza Rice and the insult to international diplomacy  In the equation which makes up the odious, criminal and murderous Bush regime and its murderous, criminal and odious foreign policy, the constant factor is constituted by a teacher, promoted to positions way above her personal and intellectual station by a gullible fool/war criminal of a President

Schroeder blames ‘gambler’ Saakashvili for conflict

Blockades: Acts of War

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

US accused of war crimes over torture methods

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Syria: Time ripe for closer Russia military ties

Russia’s financial crisis of 1998 plotted by IMF

Russia's Georgia Campaign and the Expansion of NATO  Many are drawing analogies between the U.S.-led attack on Yugoslavia in 1999 and the Russian attack on Georgia earlier this month. Most, including Russian officials, do so to highlight the hypocrisy of Washington’s criticism of Russia’s action.

 NSA Security Officer: We Should Just Kill Troublesome Bloggers OpEd News | Wayne Madsen claims to have an executive level NSA staff person on record saying that significant sentiment exists within the NSA to kill troublesome bloggers and journalists.

News crew crashes Denver’s DNC concentration camp Stephen C. Webster | Police are preparing what a local political organizer calls a ‘concentration camp,’ laying in wait for mass arrests anticipated during the upcoming Democratic National Convention.

‘Peacekeepers to stay’ in Georgia SBS | Russia plans to deploy a peacekeeping force like those of the u.s. abroad/Iraq, etc., of unspecified size that will protect those targeted by u.s/israel/georgia.

Scientist Predicts Ice Age Within 10 Years

Arctic Ice Grows 30 Per Cent In a Year

PENTAGON CAN’T FIND $2.3 TRILLION  

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Paul B. Farrell ARROYO GRANDE, Calif. (MarketWatch) — Yes, America’s economy is a war economy. Not a “manufacturing” economy. Not an “agricultural” economy. Nor a “service” economy. Not even a “consumer” economy.

Seriously, I looked into your eyes, America, saw deep into your soul. So let’s get honest and officially call it “America’s Outrageous War Economy.” Admit it: we secretly love our war economy. And that’s the answer to Jim Grant’s thought-provoking question last month in the Wall Street Journal — “Why No Outrage?”

There really is only one answer: Deep inside we love war. We want war. Need it. Relish it. Thrive on war. War is in our genes, deep in our DNA. War excites our economic brain. War drives our entrepreneurial spirit. War thrills the American soul. Oh just admit it, we have a love affair with war. We love “America’s Outrageous War Economy.”....

 

Highest crime rates in the world; war criminals; frauds; americans are inherently criminal in nature/genetically predisposed to criminal acts accross a broad spectrum [by way of somewhat imperfect analogy to describe this reality, somewhat akin to adverse selection (insurance term)].

 

Large U.S. bank collapses seen ahead  October 15, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Merrill, Wachovia in Danger of Failing

Fannie, Freddie shares dive on bailout fears

Fannie, Freddie Slump on Concern Treasury Bailout Is Inevitable
The Strong Dollar Illusion Economists who now see American troubles spreading around the world are predicting that foreign central banks will ignore the gathering inflation threat and follow the Fed down the rate cutting path. Similarly, they argue that since the downturn began here, the U.S. recovery will likely be underway while the rest of world is still decelerating. These assumptions have prompted a rally in the dollar, a sell-off in gold, commodities and foreign stocks, and have cast doubts on the ability of foreign economies to “decouple” from the United States. Investors should not take the bait. America does indeed pose a global threat, but not for the reasons these economists suppose. Foreign economies are suffering not because Americans have slowed their voracious spending, but because they are defaulting on hundreds of billions of dollars of existing loans underwritten by lenders around the world.

Wholesale prices: Highest annual rate in 27 years

Euro hits six-month dollar low

Oil jumps above $114...

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Ex-IMF chief says a large US bank to go under...

Meet the Economist Who Correctly Thinks We’re Doomed  October 15, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Housing starts expected to head lower again MarketWatch - By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) -- The economic news in the coming week will probably confirm just what you'd expect: higher prices, weaker home building and a Federal Reserve that's stuck in a tricky position.

Analysts expecting large loss from Lehman: report

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

Bracing for Inflation BusinessWeek - by John K. Castle Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009.
Living Costs Rising Fast, and Wages Are Trailing New York Times
US inflation at highest since 1991 Financial Times

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks  

Neocon Crybabies Steven LaTulippe | Given recent history, the rest of the world must be watching Washington’s anti-Russian hissy fit with slack-jawed disbelief in light of america’s war crimes.

Missile Defense: Washington and Poland just moved the World closer to War F. William Engdahl | Russian officials said Moscow could deploy its Iskander tactical missiles and strategic bombers in Belarus and Russia’s westernmost exclave of Kaliningrad if Washington succeeded in its missile shield plans in Europe.

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia  Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Condoleezza Rice: Russia playing 'dangerous game' What has she been smoking/drinking/popping…..Ah eureka, the same as bush since everyone knows they were playing the safe game of war crimes in Iraq’ 

Russians 'Seize US Weapons Depot'  Russia claims to have seized a large depot of US-made arms near the Georgian town of Senaki, as the US Secretary of State flies to Tiblisi for urgent talks to try to bring the conflict with Russia to an end.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia  Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Neocons Up Nuclear War Ante with Poland Missile Deal  Kurt Nimmo | It should be obvious by now the Russians will no longer tolerate the U.S. deploying missile “defense” systems on their border.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay  BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Georgia war is a neocon election ploy

England Behind World War Three

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia  Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Russia accuses Georgia of plotting armed attack against Abkhazia  

Captured map shows Georgia planned to invade Abkhazia  Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Russia had no choice but counterattack in S.Ossetia - Gorbachev  Former Soviet leader Mikhail Gorbachev said Russia had no choice but to launch a counterattack to Georgia's offensive in breakaway South Ossetia, but it is still possible to find a political solution to the crisis.

Ukraine Threatens to Blockade Russian Ships  Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

Consumer prices rise at double the expected rate

Contractors reap 85 bln dlrs from Iraq war: US report
Hair Samples in Anthrax Case Don't Match Clearly, Bruce Ivins was framed, killed (while in custody) like so many other microbiologists ….. CIA Had Killer Anthrax

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Europe teeters on the brink of recession

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?"  The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

This War Has Been Approved By Your Government  We Americans got a graphic illustration of the demise of any independent American corporate news media these past few days as the coverage on TV and in print was saturated with reports about John Edwards’ infidelity and, equally important, Russia’s invasion of Georgia.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

mccain and the mob – cover-up

McCain: Worse than you think  He's despised by fellow Vets, especially fellow POWs, not only for cooperating with the enemy, but also for blocking every effort to make sure all American POWs were returned after the war.

Moral of the story (despite their lies to the contrary) - never invite criminal hillbillies like the clintons to a democratic party (or garden parties either) Clinton's name to be presented to convention Reuters Video: Hillary's Last Stand

obama suddenly sounding more republican like hillaryous Clinton, bomb this/that for greater Israel
Same As the Old Boss: Both McCain and Obama’s Advisors Want War in Georgia
McCain Adviser Was Lobbyist for Georgia

Is there some parallel universe where gates says there must be consequences for Russia’s defense of ethnic Russians in Ossetia under attack/killed by u.s./israeli puppet shockvilli/Georgia but not for u.s. war crimes in/illegal invasion of Iraq AND WAR CRIMINAL BUSH REFERS TO RUSSIAN DEFENSE  AND RESISTANCE TO AMERICAN/ISRAELI/GEORGIAN INCURSION/KILLINGS AS BULLYING (NOTE GRANADA, IRAQ, ETC., AMONG AMERICAN MARKS).

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Key US witness will not testify again in Olmert case: ministry (AFP)
Lawyers to US witness against Olmert: Stay home (AP) (the bribe’s been paid) - Lawyers for an American businessman have recommended he refuse to testify again before an Israeli court in a corruption case against Prime Minister Ehud Olmert, according to a letter released Thu...

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

Russia orders halt to war, U.S. cancels exercise

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

The BBC is deliberately distorting the News from the Georgia Region Chimes of Freedom | While the Ossetians claimed over 1000 dead the BBC neither reported this or any newsreel coming out of Ossetia showing the destruction caused by the Georgian shelling of the breakaway republic.

U.S. Arms Cache Found in Kyrgyzstan Kommersant | Observers are both pointing out reasons to be alarmed at the incident and reasoning that the United States has little reason to create a provocation in Kyrgyzstan but rationality is not the test  and doesn’t rule out the bloodthirsty war criminal acts of american criminals.

Using Georgia to Target Russia  Stephen Lendman | Welcome to the new wasteful Cold War and new Great Scam to fleece/fraud through continued/higher wasteful budgets/spending for same, what a new administration will inherit next year.

Russia: US gave nod to Georgia  Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

LA Times: A classic example of Disinformation  The opinion piece in the online version of the Los Angeles Times (2008.08.12) is a clear and classic example of the type of material western readers are being bombarded with in what appears to be an orchestrated campaign of disinformation to shape public opinion against Russia. As was the case in Iraq, the Western public is being duped by what amounts to a perverse act of manipulation... and is guzzling the bait hook, line and sinker.

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Russia Today Website Targeted In Cyber Attacks

Attacks damaged or destroyed 70% of buildings - Tskhinvali mayor Around 70% of buildings in Tskhinvali, the capital of South Ossetia, have been damaged or destroyed since Georgia attacked the republic early last Friday, the city's mayor said on Tuesday.

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

Israel and the US behind the Georgian aggression. What else is new in the world?  There is an obvious Israeli involvement in the present conflict between Georgia and Russia. There are hundreds of Israeli military advisers in Georgia and this is not just the claim of the rather unreliable DebkaFile but also the more respected Ha'aretz expert Yossi Melman, the daily Ma'ariv and also the rather reliable website "News First Class" (NFC).

Civilian Genocide, Dead Americans Cost Of U.S.-Russia Proxy War  The truth behind who is primarily responsible for the bloodshed unfolding in South Ossetia and surrounding areas has been buried by the western corporate media. Georgian forces, with a green light from NATO and the support of American and Ukrainian mercenaries, launched a brutal attack targeting civilians and Russian peacekeepers timed to coincide with the opening of the Beijing Olympics so as to temporarily deflect attention before the inevitable Russian response, by which time the global media machine kicked into high gear to smear Russia as the villains of the entire piece.

War criminals bush/cheney/america have no credibility vis-à-vis Russia especially since U.S. Attacked Russia Through Client State Georgia  Indeed, Russia need only invoke the bush/cheney/israeli/american doctrine of preemptive war which has been tacitly and overtly endorsed worldwide even when tenuous premises are used to buttress same and even when proven blatantly and knowingly false.

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...  
US military surprised by speed, timing...

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

American Mercenary Captured By Russians An American mercenary has been captured by Russian forces along with a number of Georgian soldiers according to a report from the Russian news website Izvestia, providing more evidence that the U.S. and NATO are covertly supporting the Georgian army in a proxy war with Russia.

Did the U.S. Prep Georgia for War with Russia?  Georgia and Russia are careening towards war. And the U.S. isn't exactly a detached observer in the fight. The American military has been training and equipping Georgian troops for years.

US hampering Russian peace efforts – Putin The Prime Minister has accused Washington of undermining Russia’s attempts to restore peace in the South Ossetian conflict zone. Vladimir Putin said a decision by the US military to fly 800 Georgian soldiers from Iraq to Georgia showed America was ‘trying to get in the way’.

US needs international law

American Mercenary Captured By Russians cia and mercenaries, americans/israelis stoking flames of war…Paul Joseph Watson | NATO instructor taken hostage with Georgians amid reports of U.S. military commanding thousands of mercs in proxy war.

Israeli gunships fire at fishing boats Israel's naval gunships opened fire yesterday at fishing boats near Rafah shores in southern Gaza Strip, witnesses said. Palestine-Israel, Politics, 8/11/2008

EU: Israel's decision for more settlements undermines peace The construction of settlements anywhere in the Occupied Palestinian territories, including East Jerusalem is illegal under international law, the French EU Presidency statement read. Palestine-Israel-European Union, Politics, 8/11/2008

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Iraq demands US set troop pullout time

Editorial: A war and its innocent victims

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican  October 15, 2008

Fannie Mae posts another huge loss
america is sinking fast

US foreclosure filings surge 55 percent (AP)

One Third of New Owners Owe More Than House Is Worth

Detroit house sells for $1.00

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil rises to near $117 on falling inventories

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses  JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

China to overtake USA as largest manufacturer...

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia  

Evidence of U.S. Military Presence in Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

US-led soldiers kill 5 Afghan civilians

Trillions Lost in Recent Economic Failures  Bob Chapman | The credit-crunch is getting worse instead of better, as is the real estate-subprime debacle which will soon morph into the Option ARM debacle.

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs  

Get Outraged And Get Active About Internet Censorship  Paul Joseph Watson and Kurt Nimmo | New contest gives you the chance to educate millions about the growing threat to freedom of speech on the web which is the only place people can get reality/truth in this age of decline/dumbing down.

Law Professor: Counter Terrorism Czar Told Me There Is Going To Be An i-9/11 And An i-Patriot Act Steve Watson | Amazing revelations have emerged concerning already existing government plans to overhaul the way the internet functions.

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

US refuses Israel arms to attack Iran N-sites JERUSALEM: The United States in a rare lucid rational moment wisely turned down Israeli requests for military hardware to help it prepare for an attack on Iranian nuclear facilities, a front-page report in Israel’s Haaretz newspaper...

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

The Real State of the US Economy  When Henry Paulson agreed to leave his job as chairman of the powerful Wall Street investment bank, Goldman Sachs to go to Washington as Treasury Secretary in 2006 he demanded extraordinary powers as de facto economic czar. He’s done a bang-up job, don’t you think.

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Inflation hits a 30-year high

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop  U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...  

DEPRESSION IS INEVITABLE NOW  October 15, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit  Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

JPMorgan loses $1.5 billion since July

Wachovia boosts loss to $9.11 bln, cuts more jobs

Evidence of the US Banking System Teetering on the Brink of Collapse
Home prices drop by record 15.8% in May...
The Cheney Doctrine Counterpunch | Some are in denial and disbelief over an all too real report by Seymour Hersh that Dick the sick Cheney had discussed the idea of having some Navy Seals dress up as Iranians, and then fake an attack.

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Iran threatens to shut Gulf shipping lanes

US threatens Iran with 'punitive' measures

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

The Dow Priced in Ounces of Gold: Secular Bear Market Since '99
 by Kirk Lindstrom from Seeking Alpha
Neocons Pressured FBI to Blame al-Qaeda for Anthrax Attacks
A second, far larger wave of U.S. mortgage defaults is building
Big hyperinflation (they’re printing worthles dollars like mad) sinks spending
Royal Bank of Scotland poised for biggest loss in UK banking history
‘EURANIUM’: The Weaponized Fiat Currency
El-Erian: Buy more foreign stocks Even in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam.

BOOK BOMB: FIRST FEMALE SPEAKER CHARTS #1,247 ON AMAZON SALES…which represents a modicum of hope in light of poor showing...
IMF predicts no end in sight to credit crisis  Radio Australia | The IMF has a particularly gloomy assessment of the US economy.

More Arrows Seen Pointing to a Depression  The American economy expanded more slowly than expected from April to June, the government reported Thursday, while numbers for the last three months of 2007 were revised downward to show a contraction — the first official slide backward since the last recession in 2001.

Jobless Rate Hits 4-year High...

GM posts $15.5 billion loss...
FDIC warns four banks over liquidity...
GM Has $15.5 Billion Loss on U.S. Sales Drop, Leases General Motors Corp. reported a second-quarter loss of $15.5 billion, the third biggest in its 100-year history, because of plunging U.S. sales and the declining value of truck leases. The shares fell as much as 11 percent.
Small Florida bank is 8th failure this year...
July auto sales spiral to 16-year low...

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

Greenspan says more banks, institutions may founder

 

Stressed banks borrow record amount– $16B per day– from Fed Reuters | Banks’ primary credit borrowings averaged $17.45 billion per day in the latest week, the second straight week this had hit a record and up from $16.38 billion the previous week, Fed data showed.

Cheney, Neocons Considered Killing Americans in Pretext to Attack Iran Kurt Nimmo | Hersh admits not writing an article on this obvious act of treason because the neocons didn’t actually see their demented plan through.
Israel ready to attack Iran without USA’s permission

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

Judicial Suit against US Gov’t. On Behalf of Imprisoned Border Agents Jim Kouri | Ignacio “Nacho” Ramos and Jose Alonso Compean are two Border Patrol agents shamelessly prosecuted by the U.S. government for shooting and wounding a Mexican drug smuggler.
Outgunned Border Patrol Agent Held at Gunpoint by Mexican Military

Bush the incompetent, war criminal, budget buster (with substantial congressional help) Calls for New Highway Tolls, More Private Funding of Roads
Dennis Kucinich Responds to Nancy Pelosi's Statements - Re: Impeachment WARNING: Pelosi's obfuscation may cause projectile vomiting! Put on a wetsuit!

The Dangers of Neo-Conservative Economic Policies

The Military-Industrial Complex: It’s Much Later Than You Think Most Americans have a rough idea what the term “military-industrial complex” means when they come across it in a newspaper or hear a politician mention it. President Dwight D. Eisenhower introduced the idea to the public in his farewell address of January 17, 1961.

FCC rules Comcast violated Internet access policy

IOC being grilled on Internet censorship

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

House panel votes to cite Rove for contempt

The Lie of the Century  Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

We Are Change Confronts Pelosi on Not Pursuing Impeachment  We Are Change | Nancy Pelosi was brought into the House in order to push for impeachment as well as an end to the war in Iraq… to date, she has done none of this.

America’s house price time bomb BBC | Faced with seemingly never-ending falls in the value of their properties, some American home-owners are taking radical action; they are choosing to walk away from homes and their mortgages.

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

Olmert's vow to quit shakes peace talks Another israeli excuse for no peace. After all, corruption/obsessive love of money/ crimes nothing new for the Christ-killing jew. Reuters - By Allyn Fisher-Ilan and Adam Entous JERUSALEM (Reuters) - Middle East peacemaking was in turmoil on Thursday after Ehud Olmert, dogged by corruption probes, said he would resign as prime minister after his party picks a new leader in September.
Video: Raw Video: Israel's Prime Minister to Step DownVideo: Raw Video: Israel's Prime Minister to Step Down AssociatedPress

Israeli settlers in West Bank defy promise Christian Science Monitor

5 olympic athletes fail gender test...

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

ICC indictment of Omar Bashir ‘unwarranted’

 

Bad News and Bank Runs  

FDIC takes over 2 more banks, closing 28 branches...
Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Quantifying Inflation by Zigler from Seeking Alpha
AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.
Acts of War The war between the United States and Iran is on. American taxpayer dollars are being used, with the permission of Congress, to fund activities which result in Iranians being killed and wounded, and Iranian property destroyed.

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

Bleak Housing Outlook...

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

FALL FASHIONS SHOW DEPRESSION-ERA CHIC...

NY GOV WARNS OF WORST ECONOMY IN DECADES...
kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

If Iran is Attacking It Might Really be Israel  Philip Giraldi | Israel is willing to behave with complete ruthlessness towards the US if they feel that the stakes are high enough, witness the attack on the USS Liberty and the bombing of the US Consulate in Alexandria in the 1950s.

Iran not building nuclear weapons: Ahmadinejad

Are You Ready to Face the Facts About Israel?  On October 21 (1948) the Government of Israel took a decision that was to have a lasting and divisive effect on the rights and status of those Arabs who lived within its borders: the official establishment of military government in the areas where most of the inhabitants were Arabs.”

Force Israel to lift siege, Cabinet tells global community

The Real Reason that the U.S. Tortures People The U.S. has embarked on a coordinated policy of torture. The U.S. has rounded up scores of innocent farmers and other civilians -- including children -- in Iraq, Afghanistan and elsewhere and tortured them until they died, went crazy, or were disabled.

Bloodbath in Iraq

Justice report faults illegal use of politics in hiring federal prosecutors, judges

'Oil price may hit $500 a barrel'

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Ben Bernanke’s Hush Money The bailout of IndyMac’s depositors will probably deplete 10% of the FDIC’s reserves. The Federal Reserve System backs up Congress. This is the heart of the threat to the solvency of the dollar.
WORRIED BANKS REDUCE BUSINESS LOANS...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps  TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

 

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

U.S. regulators seize two more banks, engineer sale WASHINGTON (Reuters) - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and credit crunch.

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Dam Breaks As Media Covers Impeachment Hearing

Bill Gates Supports Fascism With His Money

Angry Cindy Sheehan exits Judiciary hearing

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline  

Economy heads for depression as growth slumps

Evidence of the US Banking System Teetering on the Brink of Collapse  

Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift

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

Visualizing Dow 6,000

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

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

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

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

Home sales at 10-year low, jobless claims jump

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

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

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

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

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

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

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

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

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

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

Ron Paul on the Housing Bill - "The Mother of All Bailouts" Ron Paul talks about the bailout out of the housing industry and how it really just destroys the dollar and adds enormously to the debt.

US lawyer seeks to sue US over Iran threats

Judiciary Committee Head Rigs Bush Impeachment Hearings

Ford Posts Loss of $8.7 Billion on Asset Woes The Ford Motor Company, stunned by abysmal sales of its most profitable vehicles and a sudden shift in consumers’ tastes, said Thursday that it lost $8.7 billion in the quarter, its worst ever, and would overhaul its North American plants to focus on small cars.

Former Gitmo Prosecutor Says Trials Rigged

Police director sues for critical bloggers' names

 

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

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

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

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

Food stamp use soars in Massachusetts

TOYOTA beats GM in worldwide sales...

Pickens sees $300 oil unless U.S. cuts imports

 

Britney 'to play lesbian killer stripper' in Tarantino movie...
Behind the scenes of Hilton's mock ad...

 

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

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

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

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

 

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

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

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

Bank of America: Doubts Remain (at BusinessWeek)

 

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

UK economy heads for ‘horror movie’

Iraqis back Obama plan

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

Arab League slams ICC prosecutor

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

 

Paulson braces public for months of tough times

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

Trouble at Fannie and Freddie Stirs Concern Abroad

 

Threat of mass starvation looms in Zimbabwe after latest harvest fails

 

Israel soldier shoots arrested Palestinian on film (AFP)

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

 

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

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

 

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

 

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

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

American consumers squeezed by surging inflation

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

Oil prices rebound above $131 after 3-day drop

 

GM Retirees Left to Twist in the Wind  

Wachovia Securities raided in auction rate probe...

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

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

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

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

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

Spain Faces Worst Economic Crisis in its History

Total Chief Predicts $200 Oil In The Future

Report: Iran war will spark backlash

U.S.-led forces confirm killing Afghan civilians

Sovereign funds cut exposure to weak dollar...

Gas Lines Coming This Fall  

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

Inflation highest in 27 years  

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

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

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

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

 

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

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

 

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

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

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

Barak the israeli In Washington To Lobby For coup de grace america self-sacrificing/self-destructive for israel Iran Attack Israeli war minister Ehud Barak will visit Washington next week to meet with top U.S. government officials in what some are suggesting will be the final planning session of a military strike on Iran.

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

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

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

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

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

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

Financial ETFs Dip Lower

IndyMac seized as financial troubles spread

Obama says `little doubt' country in recession

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

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

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

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

FANNIE, FREDDIE FEAR...

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

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

THIS BUD IS... FOR EU!

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

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

Second-largest bank failure in U.S. history...

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

 

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

 

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

 

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

For instance, it was widely reported that several Israeli’s had been detained after recording the first plane strike and then celebrating the attacks. As the investigation began to widen, it was revealed that these detainees were part of a larger network of Intelligence operatives within the United States.

 This network was shielded from any attempts at a serious investigation and the discussion of Israeli spying was considered taboo within agency circles. Yet the Israeli spy network had not only targeted, but penetrated a multitude of government offices– including the F.B.I., the C.I.A., the Secret Service, and many, many others.

Evidence even points to the fact that this same ring of people were in possession of Top Secret Military codes possessed only be key members of the continuity of government– raising the question: who were the real terrorists on 9/11?

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

 

NOBEL PRIZE WINNING ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE    Financial terrorism: US taxpayers bail out Wall Street criminals  $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed  RICO Summary under penalty of perjury to the FBI at their request   Report confirms Israel’s nuclear arsenal  Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year'  Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   October 15, 2008

The Insanity of the $700 Billion Giveaway

The Wall Street Coup and the Bailout Scam
Paulson Doles Out $125 Billion to Wall Street Elite
The Evil of Bailout One of the burning questions regarding the recently passed bailout, and the one that almost no one has bothered to answer, is how the government intends to pay for it. Bailout $700 billion yet national debt increased by over $1 trillion.
They socialize their losses and privatize their gains ….. How is this happening? What a total fraud/scam!
Roubini Sees Worst Recession in 40 Years, Rally’s End

Stocks plunge anew as data points to conveniently belated realization we’re in a recession

The stock market plunged the most since the crash of 1987 as disappointing retail sales data and credit concerns renewed economic fears. Specifically, the S&P 500 plunged 9.0%, settling near session lows.

Constant parallels are drawn between today's financial meltdown and the Great Depression of the 1930s.

Senator says White House withheld CIA interrogation information

Economic activity weak across U.S.: Fed Beige Book  …..      Bernanke’s dour assessment says credit crisis menacing U.S. economy…..daaaaah!

JP Morgan raises 2008-09 gold price forecast

US confronts probability of long, deep recession/depression

Dow Loses 8%

NOT AGAIN!
Biggest % Drop Since 1987...
Dismal...
Feds investigate WASHINGTON MUTUAL failure...
U.S. Stocks Plunge Most Since Crash of `87 on Recession Concern

Total Bailout Cost Heads Towards $5 TRILLION The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure.

Feds Give Hundreds of Billions to Banks, But Get Only NON-VOTING Shares in Return

U.S. mood plummets as crisis deepens: Reuters poll

U.S. Economy: Retail Sales Slide Signals Deepening Recession

 

Gunmen Open Fire on U.S. Consulate in Mexico

Journalists targeted in latest Mexico drug violence

Economy sheds most jobs since 2003, more cuts seen (AP)
This is a secular bear market – check out the cycles.
Stocks Dive After Vote ...

It's Not You, It's the Market - Now Officially the Worst S&P Decline in History

Betrayed by the Bailout  On this date, October 3, 2008, the American people were betrayed by those whom they had elected to represent them. The grassroots rebellion that led to the House’s rejection of the Bush Administration’s Wall Street bailout bill on Monday flamed out on Friday, overwhelmed by a massive lobbying campaign by Wall Street and by a propaganda push in the corporate media in favor of passage.

The New American Century; Cut short by 92 years They call it the Oedipal Effect. By obsessive neo-con/israeli attempts to create their desired outcomes, they actually accomplished the opposite. I warned of this. Global Research | The era of Superpower America is coming to an end. The financial crisis was the last straw.
DON'T BREAK OUT THE BUBBLY JUST YET    IRWIN KELLNER
Commentary: Dow's Monday jump doesn't mean happy days are here again…..sometimes it pays to look before you leap. The Dow is still nearly 4,800 points below its all-time high set just over a year ago. And the U.S. economy is in a recession.
Glenn Beck Highlights Threat Of Martial Law Following Economic Crisis
Chicago To Shut Down Government To Save Cash...
33% 'Parking Tax'...
A Trillion Dollar Bait and Switch: The Bailout and the Smell Test The explanation that has been given for the financial crisis does not match up with the solution that has been devised. Moreover, the windows into the crisis offered by the authorities are opaque rather than transparent.
Bailout Like Treating Junkie With Shots Of Heroin Investment analyst Puru Saxena told a CNBC audience this morning that the Wall Street bailout was akin to treating a drug addict with shots of heroin, and warned that flooding the financial system with overprinted currency would lead to poverty, raging inflation and eventually a total collapse of the U.S. economy and the dollar.
Banks dictate conditions of US financial bailout Alex Lantier | The result of this bailout — a major consolidation and restructuring of the US banking industry — will be quite harmful to the interests of the population.
The t_rump: Feels Like Socialism … But I Like It …..Want to buy some real estate? Or watches, swampland in jersey, etc.  CNBC | “We were headed for Great Depression No. 2,” admitted trump.
Gold Rebounds on U.S. Fed Decision to Flood System With Worthless Weimar Dollars

 

AIG hits up Fed for more money CNNMoney.com

U.S. Trade Deficit at $59.1B; Job Losses Mount

US Missteps Are Evident, but Europe Is Implicated New York Times - By NELSON D. SCHWARTZ PARIS - A week ago, European leaders said they knew who was responsible for the global credit crisis. Silvio Berlusconi, Italy’s prime minister, blamed the United States… Stocks are on track for their worst year since 1937

Decades of Negative Returns: A Long-Term Look at the Dow

Dollar, Euro, Sterling May Be Destroyed Zimbabwe-Style Paul Joseph Watson | Hennecke says hyperinflation will cause gold price explosion.

The October Surprise: Global Panic

Blatant Banker Manipulation Of Gold Prices

Rescue for the Few, Debt Slavery for the Many

FILL YOUR BOOTS: DOW CLIMBS 936...

Treasury plan to inject $125B Weimar dollars in top 9 US banks...

Two More U.S. Banks Fail (at TheStreet.com)

U.S. works on bank plan, IMF warns of further market fall

[$$] Two Banks in Midwest Fail (at The Wall Street Journal Online)

PAKISTAN: FIVE KILLED IN MISSILE ATTACK BY DRONES... DEVELOPING...

US seeks more military budget for war?

FOOD RATIONS IN CUBA AS CRISIS GROWS...

NKorea off US blacklist after nuke inspection deal (AP)

Missile fired by US drone kills five in PakistanISLAMABAD: Despite Islamabad's repeated assertion it will not allow violation of its airspace by foreign planes, a barrage of suspected US missile strikes in the country’s northwest killed scores of people recently. The latest missile strike by an unmanned drone killed five people late Saturday. Not a single victim was believed to be a foreign Al-Qaeda fighter, officials said yesterday.

Official: Gunmen shoot at US consulate in Mexico (AP)

Synagogue opened near Al-Aqsa Mosque

THE WAR IN UNWINNABLE AFGHANISTAN

America’s Financial Apocalypse Economists Need to Sit Down and Shut Up Mike Stathis | I can make a very strong case that the U.S. has been in the early stages of a silent, modest depression for at least two years.

Bankers Want World Economic Government To Solve Financial Crisis They Created Paul Joseph Watson | The culprits who caused the problem offer their solution - more power for themselves.

Rogers: Global Bankers Have Unleashed Inflationary Holocaust Legendary investor Jim Rogers warned during a CNBC interview this morning that global central banks are creating the environment for an inflationary holocaust by their ceaseless overprinting of currency, a measure that isn’t even successful in stabilizing the stock market.
Paul Joseph Watson | CNBC hosts unable to grasp basic economic principles.
Mike Whitney | The prevailing wisdom is that Wall Street will continue to suffer historic losses and that this will mark the end of America’s dominance as the lone superpower.
Richard C. Cook | The problem is the oncoming recession/depression caused by the absence of an economic engine to generate new producing power.

Banks Hoarding Cash to Pay Derivatives Liabilities

Japan suffers biggest single-day stock drop for 20 years

Dow Plunges Below 8,000

Stocks are on track for their worst year since 1937

Global Stocks Tumble, Driving S&P 500 to Worst Week on Record

Swagger turns to shudder a year after market high...
'MAY DROP 50% FROM TOP'...

Stocks Drop in Rollercoaster Session; Dow Average Swings 1,000 Points...
Bush says anxiety feeding market instability...  Carter slams Bush on market crisis...
EUROPE STOCK ROUT...
Carter slams Bush on market crisis...
London shares bloodbath...

DOW LOSES 18%... THE WORST WEEK
Crisis becomes global crash...

 

I survived the Georgian war. Here’s what I saw.  Lira Tskhovrebova | Do americans realize that a military trained and equipped by the US government and israel attacked a civilian population as they slept in their beds?

U.S. Army prepares to invade U.S.

Is the Federal Reserve Engaged in Acts of Economic Warfare Against America?  Federal Reserve extends reach with 1930s powers  Associated Press | Dusting off Depression-era emergency powers, the Federal Reserve is extending its reach over the economy as never before, pushing the limits of its authority, if not exceeding them.

China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds

Putin’s step toward redemption as he gets tiger cub and greater wisdom for his birthday...

 

Recession reality plunders Wall Street, Dow dives 678.91 (Reuters)

Dow plunges 679 for 6th triple-digit loss in a row (AP)

GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low

Banks borrow record amount from Fed

Gold expected to rally above $1000 in Q1 2009

Dow plunges 679 for 6th triple-digit loss in a row (AP)
Prudential becomes latest insurer to warn (Reuters)

What the Pros Say: All that Glitters is Gold

Obama/McCain Sheeple Cheer Police Violation Of Free Speech

Thousands of Troops Are Deployed on U.S. Streets Ready to Carry Out “Crowd Control”

ABC: NSA agents admit spying on Americans’ private calls

US report says Afghanistan conflict rapidly worsening

How To Solve the Financial Crisis: Get Rid of the Liars and require term limits After 7 years of lies from Bush, Cheney, Pelosi and the gang, people have stopped believing them.

Israeli cops violate Al-Aqsa sanctity

Poetic justice in US meltdown

DOW LOSES ANOTHER 7%

Asian Stocks Plunge, Set for Worst Week on Record...
Live Chart...
GM Shares Fall to Lowest Level Since 1950...

No bottom in sight on Wall St...

Banks borrow record amount from Fed...

Aussies joke - and hope - that Communist China can save capitalism…riiiiight...

NYC National Debt Clock runs out of digits...

Stocks retreat again despite emergency rate cut Associated Press | The Dow Jones industrials, already down 875 points this week, fell another 200, and all the major indexes were down sharply.

Retirement accounts have lost $2 trillion so far

Russia’s RTS, Micex Stock Markets Closed Down

Chavez: “Comrade Bush” a Socialist

China state paper lashes US monetary policy

‘Economic 9/11′ exacting grim psychological toll in US

You Saw It Here First; Economic Crash, Banker Stick-Up Predicted Long Ago While mainstream corporate media lied to Americans claiming economy was strong, we were warning about a “global crash” and a faux solution of “predatory globalism” nearly two years in advance.

The next burden: hyperinflation

30 Civilians Died in Afghan Raid, U.S. Inquiry Finds

Rate cuts boost gold, silver, higher prices imminent

Asian stocks battered on fears for global economy

The Government got you into this mess so don’t trust them to get you out of it, says rogue trader Nick Leeson

Bailout Has Already Been Proven Worthless (Can We Cancel It Now?) We just had a $700 billion bailout bill that was signed into law and done in defiance of the American people at large. This money is on top of many more billions that have already been spent bailing out Wall Street.

Stocks tumble as Wall Street worries about financials

Retirement accounts have lost $2 trillion (AP) AP - Americans' retirement plans have lost as much as $2 trillion in the past 15 months, Congress' top budget analyst estimated Tuesday, and they wanted social security to a part of the wall street fraud/debacle…riiiiight!

Bernanke: Crisis could prolong economic pain (AP) Daaaaah!

BofA shares fall on worse-than-expected profit (AP) Shares of Bank of America Corp. fell sharply Tuesday afternoon, a day after the banking giant reported much worse-than-expected earnings, announced plans to raise $10 billion in capital by diluting share offering and slashed its dividend in half.

Fed to buy massive amounts of short-term debt creating/printing worthless Weimar dollars like mad with hyperinflationary depression to come as consequence.

Bernanke: More economic pain ahead Daaaaah!

Congress scolds former AIG executives breaking their hearts forever, but not too much promising to take their campaign contributions, over crisis. Term limits are necessary! Tax revolts are a coming (AP)

Wall Street sinks again on crisis fears (Reuters)

Bernanke signals readiness to cut rates in crushing blow to dollar in desperation (Reuters)

The End of American Hegemony

Kiener: Gold Prices To Double On Paper Market Default

It’s America that’s bankrupt

Panic as Russian stock market falls by almost 20%

Japan falls nearly 10%.

MORE PAIN...

Alcoa trims forecast along with bad results while Bank of america reports much lower (down 68%), cuts dividend in half, and announces a dilutingly wopping $10 billion in new stock offerings
S&P, Dow Average Post Worst Annual Retreat Since 1937...

Asian markets plunge on reality that crisis is spreading...

Evans-Pritchard: Germany takes hot seat as Europe falls into the abyss...

The Downturn Worsens: Would Ed Leamer Concede the Reality that We're in and Have Been in a Recession or Worse?

Dow dives below 10,000 on credit, recession fears
Those needful things on wall street say MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU cooperation for their past, present and future frauds, etc., how about prosecution, prison, fines,  and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits)

Crisis hammers stocks, U.S. urges unified response

Czar Paulson Picks Neel Kashkari to Head Banker Takeover  Associated Press | The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion “rescue” effort for financial institutions.

Fed May See Companies, States as Next Crisis Fronts

Dow plunges below 10,000

Financial crisis pummels stocks Arab News

Hyperinflation Catalyst For $2,000 Gold

Cramer says Get Out Of The Market  Cramer urges viewers to get any capital they are going to need for the next five years out of the stock market.

Pope says world financial system is 'built on sand'...
STAMPEDE AT NBC: Jim Cramer warns investments could lose 20% of value...
FLOOD AT FED: Doubles Cash Sales to $900 Billion...
MARKET MAYHEM: London suffers sharpest fall since '87...
Gunman kills self, five kin over financial woes in L.A....

Editorial: Olmert’s belated truths on peace

British commander says war in Afghanistan cannot be won

The end of America? Latin America, long regarded as America’s backyard, has recently hoisted the flag of defiance to its northern neighbor. In recent weeks, America’s ambassadors have been expelled by Venezuela and Bolivia
ASIA: TUESDAY...

'Human evolution is over'...

One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.

 

A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies.

 

"Despite days of negotiating, this is still the same bailout bill, written by a Wall Street guy with a Wall Street solution to a problem created on Wall Street," said Rep. Mike Rogers, R-Mich. "This bill was still a blank check to Henry Paulson."

 

This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. 

Saudi investors suffer losses due to US crisis JEDDAH: Many Saudi and Gulf investors suffered heavy losses after some American and Gulf banks used their funds to buy risky mortgage bonds just before the subprime mortgage crisis erupted in the US....

Democratic Congressman: Representatives Were Threatened With Martial Law In America Over Bailout Bill A Democratic Congressman has warned that a panic atmosphere is being intentionally created in order to get the financial bailout billed passed, further stating that several members of Congress were told before Monday’s vote that martial law will be instigated in America if the legislation fails.

Job Losses: Worst in 5 years CNNMoney.com

The Bailout Is A Fraud

Israel fears new radar will reveal army secrets

Settlers attack Palestinians

O.J. Simpson convicted, jailed in Las Vegas  Simpson guilty on all charges in robbery trial (AP)

McCain: “I Always Aspire To Be A Dictator”

Financial Swindle: Blame It On Testosterone

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

Wealthy investors hoard bullion

U.S. Sept. ISM manufacturing index plunges to 43.5%

America Loses Its Dominant Economic Role

Lessons from America's economic failings

Iraqi military deaths up

Pakistan accuses US of terrorism

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Figures Reveal Corporate Cronyism At Work In Bailout Vote

Bailout Would Only Prolong Crisis: Jim Rogers

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Regulators Ease Securities-Valuation Rules WASHINGTON -- The Securities and Exchange Commission and the U.S. accounting-standard setter issued guidance that will allow companies to use more flexibility when valuing securities in a market that has dried up, a move the banking industry hopes will relieve pressure on company balance sheets…..[sounds like a plan…..riiiiight!]

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

If You’re Looting the Treasury, Give it To US If the government is looting the treasury to the tune of of $700 billion plus, give the American people the money, not the con artists who got us into trouble in the first place.

Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Billion dollar fund manager Mark Tice says that the Federal Reserve’s ceaseless printing of dollars will cause gold to surge past $2,000 an ounce, while the Dow will fall below 5,000.

 

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

SENATE BAILS THEM OUT!

Auto sales plunge as credit crunch hits...

 

Indeed, one wall street expert commented that assuming passage, at best, the frauds would have cheered their coup with a rally which would be short-lived owing to economic/financial  fundamentals/reality.

Dem Congressman: 'We put thieves in jail, we don't bail them out'...
EYE OF THE STORM: House Republicans Blame Pelosi's Speech...
Pence: 'American people rejected this bailout and now Congress did likewise'...

 

Not so much bail-out as rip-off

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

Calls For New EU Financial Order Increase As Total Meltdown Becomes Likely With major European banks now failing, calls have increased for an entire restructuring of the financial system under a centralized EU supervisory body.

Congresswoman: Criminal Insiders Behind Bailout Bill Paul Joseph Watson | Rep. Kaptur: Normal legislative process has been shut down, high financial crimes committed, Republican Michael Burgess says “martial law” has been announced.

Rep. Burgess: Congress “under Martial Law” to pass banker bailout bill D. H. Williams | Burgess asks the Speaker of the House to post the bailout bill on the internet for at least 24 hours.

 

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST...
WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump and now the so-called supreme court (he should have gone to jail) justice] how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) and he further says let the ceo’s go and some of the failed institutions fail,  and the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so  great opportunity to sell/take profits while you still can.

Bailout marks Karl Marx’s comeback  Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him….. 

Not One Dime!  Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

“Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It?  In the post-bubble era there will be no more economic engines for the American economy. A long term recession and depression are inevitable, and they are expected by those in the know.

Bailout Bill Loaded with ‘Pork’

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Congress' Economic Literacy (Or Lack Thereof)

Bailout Bill: Second Verse, Same as the First

PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...
Bank Limits Fund Access by Colleges, Inciting Fears...

Olmert calls for Golan Heights pullout

Western world will become significantly less wealthy...
WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...
Harvard economist: Bankruptcy is right answer...

PAPER: 'Bailout marks Karl Marx's comeback'...
Talk radio holds firm over 'socialist' bailout...
EU Bank rescues spread...
FDIC asks for temporary hike in $100,000 cap on insured deposits...

Olmert says Israel must withdraw from West Bank for peace - LA Times
Palestine-Israel, Politics, 9/30/2008
Olmert: Israel has to return lands - Guardian Unlimited
Palestine-Israel, Politics, 9/30/2008
Olmert Steps Down As Premier Of Israel - WashingtonPost.com
Palestine-Israel, Politics, 9/30/2008
Rice and Syria FM hold talks on regional peace efforts - Yahoo! News
Syria-USA, Politics, 9/30/2008
Blast Injures Israeli Academic Critical of Jewish Settlements - WashingtonPost.com
Palestine-Israel, Politics, 9/30/2008

Israeli occupation closes the West Bank
Israeli Occupation Forces (IOF) imposed a closure of the West Bank and the Gaza Strip today, ahead of the Jewish New Year holiday.
Palestine-Israel, Politics, 9/30/2008
International Solidarity Movement to reestablish presence in Gaza
The International Solidarity Movement (ISM) announced that they will soon re-establish their presence in the Gaza Strip to support non-violent direct action against the Israeli Occupation.
Palestine-Israel, Politics, 9/30/2008

 

Sold to US taxpayers for $700B: banks' bad assets (AP)

Wall Street Bailout: Making a Deal With the Devil

The ‘just trust us’ (riiiiight) bailout

Sentiment Overview: Cash is King

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Gotti arrest recalls Fla. mob history (AP)

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

Blacks, whites show prejudices along racial divide (AP)….."They can't blame the white man," he says of blacks. "Their own color sold them into slavery."…..
Gingrich: Paulson Should Resign...
WARNING: STOCKS COULD LOSE 1/3... Officials close to paulson are privately painting a far bleaker portrait of the fragility of the global economy than that advanced by president george w bush in his televised address last week. One Republican said that the message from government officials is that “the economy is dropping into the john.” He added: “We could see falls of 3,000 or 4,000 points on the Dow [the New York market that currently trades at around 11,000]. That could happen in just a couple of days. “What’s being put around behind the scenes is that we’re looking at 1930s stuff. We’re looking at catastrophe, huge, amazing catastrophe. Everybody is extraordinarily scared. It’s going to be really, really nasty.” …..
CREDIT CRUNCH BANKER KILLS HIMSELF...

All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments.  Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market,  New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper0]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump and now the so-called supreme court (he should have gone to jail) justice] how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) and he further says let the ceo’s go and some of the failed institutions fail,  and the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so  great opportunity to sell/take profits while you still can.
Rogers: Dollar To Lose World Reserve Status  

The United States of America is the Next Argentina  Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy  Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

SEC ends program to oversee investment banks The U.S. Securities and Exchange Commission is ending its program to supervise large independent investment banks now that the five participants have collapsed or reorganized.

WaMu becomes biggest bank to fail in US history (AP)

Bailout Talks Lose Sight of the Cost Question

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

Bailing Out Wall Street Won’t Save Main Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

Rally Now, Wheels Come Off Later - Faber

WaMu is largest U.S. bank failure (Reuters) Reuters - Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion.

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Bailout in chaos, feds seize WaMu

Pakistan warns US troops after exchange of fire

JPMORGAN to take over WASHINGTON MUTUAL deposits...
FDIC seizure... WaMu Files for Bankruptcy Following FDIC Seizure (Update2)Bloomberg - By Christopher Scinta and Tiffany Kary Sept. 27 (Bloomberg) -- Washington Mutual Inc., a holding company for the savings and loan that became the biggest US bank to fail, filed for bankruptcy protection along with its unit WMI Investment Corp. Government Seizes WaMu and Sells Some Assets New York Times  ...largest US bank failure

DOMINATE: GOOGLE founder accuses broadcasters of 'rigging' tests...
Dirty Secret Of The Bailout: Thirty-Two Words That None Dare Utter  ‘Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency’. In short, the so-called “mother of all bailouts,” which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People’s duly sworn representatives.

Bush & McCain Blackmail America With Economic Terrorism  Paul Joseph Watson | Ferocious fear-mongering rhetoric, possible cancellation of presidential election as financial terrorists threaten Americans with chaos unless power-grabbing bailout bill is passed.

Lawsuit Challenges Banker Bailout Scam

A 700 Billion Bailout With No Review or Oversight Whatsoever  Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Banking System Will Need Another $500 Billion or More: Gross Point Blank

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

Refusing Dollar as “World Currency” Inevitable

New Home Sales Plunged 11.5% to 17-Year Low

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

CBO’s Orszag: Bailout Could Deepen Crisis

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters  AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

Lawmakers agree on framework of $700bn bailout Barbara Ferguson I Arab News WASHINGTON: Despite a cacophony of protests from American taxpayers, US lawmakers said yesterday they had reached an agreement on the fundamentals of a proposed $700 billion bailout of the frauds on wall street.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order  Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Can you trust a Wall Street veteran with a Wall Street bailout?  McClatchy Newspapers | Paulson was part of the Gold Rush that has brought the global financial system to the brink of collapse.

Taxpayers React with Anger at Wall Street Bailout

Only 28% Support Federal Bailout Plan  Rasmussen | Most Americans are closely following news reports on the Bush Administration’s federal bailout plan for the country’s troubled economy, but just 28% support what has been proposed so far.

The Bailout Will Kill the Dollar

Top Economist Mishkin: Worse Than the Depression

The Fed is Making a Killing on Banking Crisis  The Fed is creating this “money” out of thin air and using it to buy US Treasury Notes and Bonds. The Treasury (i.e. US taxpayers) are on the hook for these securities plus interest. In other words, The banksters are a trillion dollars richer thanks to this bail out.

Leave No Rapacious Twit Behind: Soft Landing for the Elite, Hard Cheese for Everybody Else  For what is that basic plan: taking at least $700 billion of your money and giving it the same rapacious, ignorant twits — the financial terrorists — who have just blown a gargantuan crater in the global economy.

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

The Paulson-Bernanke Bank Bailout Plan Saturday’s $700 billion junk mortgage bailout is the largest and worst giveaway since a corrupt Congress gave land grants to the railroad barons a century and a half ago. If it goes through, it will shape the coming century by giving finance unprecedented power over debtors – homebuyers, industry, state and local government, and the federal government as well.

Financial terrorism II: Where do we land?  

 Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

Predictions vs. Reality in Iraq Ron Paul | I was wrong about Iraq. I knew it would be bad. I didn’t know it would be this bad (I warned unequivocally against the Iraq debacle). Project Censored #1: Over one million Iraqi deaths caused by US occupation Project Censored | Over one million Iraqis have met violent deaths as a result of the 2003 invasion, according to a study conducted by the prestigious British polling group, Opinion Research Business (ORB), rivaling numbers of the Rwandan genocide.

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan blames US raids for hotel bombing

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

Bailout of wall street frauds/criminals (let them pay) is financial equivalent of the Patriot Act Andrew Ross Sorkin | Treasury Secretary Henry Paulson Jr.’s $700 billion proposal to bail out Wall Street is the most amazing power grab in the history of the American economy. Paulson: Average American 'should be scared'...

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

Why is a U.S. Army brigade being assigned to the “Homeland”?  Glenn Greenwald | For more than 100 years — since the end of the Civil War — deployment of the U.S. military inside the U.S. has been prohibited under The Posse Comitatus Act.

NO To The Paulson-Bernanke Derivatives Scam Bailout

The shadow banking system is unravelling

Buffet’s senility has been evinced. What a shame! “Mortgage Fraud”: The Paulson Bail-Out Plan As retrieved from the Washington Post and numerous other sources, a satirical e-mail frames the proposed $700 billion Wall Street bailout as a Nigerian 419 scam. The author is unknown. Goldman's shares get suspicious boost pre-Buffett

The Fed is Making a Killing on Banking Crisis The Fed is creating this “money” out of thin air and using it to buy US Treasury Notes and Bonds. The Treasury (i.e. US taxpayers) are on the hook for these securities plus interest. In other words, The banksters are a trillion dollars richer thanks to this bail out.

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

Experts See a Need for Punitive Action in Bailout New York Times - By PETER S. GOODMAN As economists puzzle over the proposed details of what may be the biggest financial bailout in American history, the initial skepticism that greeted its unveiling has only deepened.
The Hanky Panky Paulson Sale Wall Street Frauds’ Journal
I Come to You, Cashmere Hat in Hand . . . Washington Post

FBI Investigates Four Firms at Heart of the Mess

Why Bailouts Won’t Keep the System From Freezing Up We already know that Wall Street firms have used fed cash to speculate or to buy failing competitors. As the economic crash gets worse, they may just park it in treasuries to try to save their own hides.

Grasping at Straws On Friday morning, Senator Christopher Dodd, the head of the Senate Banking Committee, was interviewed on ABC’s “Good Morning America.” Dodd revealed that just hours earlier at an emergency meeting convened by Secretary of the Treasury Henry Paulson and Federal Reserve chairman Ben Bernanke, lawmakers were told that “We’re literally maybe days away from a complete meltdown of our financial system.” Dodd added somberly, that in his three decades of serving in public office, he had “never heard language like this.”

Understanding the Crisis What caused this? It is a simple question, and yet answers are all over the map, as you might expect. Here’s mine in two words: fiat money. The word fiat means: out of nothing.

US generals planning for resource wars The US military sees the next 30 to 40 years as involving a state of continuous war against ideologically-motivated terrorists and competing with Russia and China for natural resources and markets, writes Tom Clonan

Goldman, Morgan Stanley Bring Down Curtain on an Era

Millions At Risk Of Foreclosure Fraud

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

A Bailout to Nowhere The tremors come faster now. Candidate McCain mimics Herbert Hoover asserting that the economic “fundamentals” are sound, even as Wall Street asset Hank Paulson announces the latest lofting of US Treasury life preservers.

Washington, not just Wall Street, bankrupt: Obama

Financial terrorism: US taxpayers bail out Wall Street criminals In the weeks surrounding the anniversary of 9/11, the most terrifying attack on America’s soil, another attack on America’s citizenry is taking place: the systematic looting of the US Treasury to bail out American financial institutions.

Under Proposed Bailout, Feds Could Speculate, Nationalize Any Company or Industry, Or Do Anything Else They Want Using Taxpayer Money Just like Bush and Cheney have gotten us into oil wars and wars to protect Israel under the guise of being necessary to protect our national defense, Paulson and Bernanke could do anything they want by pretending it is for the stability of the financial markets, especially since no one could challenge their actions in court.

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. …

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

All Roads Lead To Hyperinflation

A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters

After the Rally "The important take-away from today is not Treasury Secretary Henry Paulson or Securities and Exchange Commission Chairman Christopher Cox" but that rallies are for selling, Jim Cramer told viewers. Cramer said the astonishing 779-point rally over the past two days can only mean one thing: sell. He advised viewers to spend this weekend evaluating their portfolios so that they are ready to sell their bad stocks on Monday and take profits in the winners. Cramer returned to a selling strategy he's used many times. He said to rank every stock in a portfolio from one to four.

5. The stocks you'd buy right now.
6. Those you'd buy on a pull-back.
7. Those you'd sell into strength.
8. The losers you need to sell right away.

After ranking all the stocks in your portfolio, Cramer advised selling 20% of your portfolio on Monday. He said that there should not be many stocks still ranked "one," after the huge rally the past two days….

 

Radical bailout plan has a jawdropping and understated price tag (AP)

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Ambac shares plunge on Moody's review (AP)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Congress examines $700 billion market bailout plan (Reuters)

Administration Is Seeking $700 Billion for Wall Street New York Times - By DAVID M. HERSZENHORN WASHINGTON - The Bush administration on Saturday formally proposed a vast bailout of financial institutions in the United States, requesting unfettered authority for the Treasury Department to buy up to $700 billion …in worthless, fraudulent, previously fraudulently commissioned over and over in different forms, collateralized “securities”; what a scam/fraud/fraudulent wealth transfer, like the ‘walk on the moon fraud’, savings and loan fraud, illegal Iraq war-profiteering/scam/fraud war, etc. ...

Oil price jumps $25 in a day...

TREASURY NOW WANTS TO BAIL OUT FOREIGN BANKS?

New world on Wall Street CNNMoney.com - By Tami Luhby, CNNMoney.com senior writer NEW YORK (CNNMoney.com) -- And then there were none. Federal regulators converted Wall Street's remaining stand-alone investment banks - Goldman Sachs and Morgan Stanley - into bank holding companies Sunday ...

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

China Blames Wall Street Meltdown On Fed Overissuance Of Currency China’s state media today reports on the real reason behind the Wall Street meltdown and a subject that the mainstream US media dare not mention - the Federal Reserve’s overissuance of currency .

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

The financial crisis is not over. Neither tax rebates nor low interest rates nor higher or lower exchange rates can do the job of reviving an economy that is burdened by insurmountably high debt loads.

Dodd: The United States  “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

Washington Mutual Next to Fall?

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

FED ANNOUNCES $180B CASH FLOOD TO FIGHT CRISIS...
DER SPIEGEL: The foundations of US capitalism have shattered...
Democratic Congress May Adjourn, Leave Crisis to Fed, Treasury...
Reid: 'No one knows what to do'...

Vermont AG candidate says she would prosecute Bush for murder

International Heroe Mordechai Vanunu israeli nuclear whistleblower's jail term reduced (AFP) AFP - An Israeli court on Tuesday halved a six-month sentence against nuclear whistleblower Mordechai Vanunu, who spent 18 years in jail for divulging Israeli nuclear secrets/program/weapons.

Iran raps silence on Israel crimes PRESS TV

Report confirms Israel’s nuclear arsenal The Sunday Times has revealed that an Israeli factory beneath the Negev desert is manufacturing thermo-nuclear weapons for atomic bombs.The secrets of the subterranean factory have been uncovered by The Sunday Times Insight team.

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Why Would “Terrorists” Want To Decapitate Anti-US Leadership In Pakistan?  Paul Joseph Watson | Hotel bombing doesn’t make sense unless “Al-Qaeda” is working to advance Neo-Con political agenda.

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Another nightmare on Wall Street: Dow down 450

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

Worst is yet to come, investment strategist warns (at MarketWatch) SAN FRANCISCO (MarketWatch) -- An influential investment strategist has a dire forecast for U.S. stocks, credit markets and the continued independence of some of the nation's top financial institutions. In the deteriorating climate he sees unfolding, Gundlach said, the Standard & Poor's 500 Index

(SPX: S&P 500 Index (SPX 1,156.39, -57.21, -4.7%) could fall another 30%, giant Citigroup (C) could become an "AIG-sized debacle," Morgan Stanley (MS) would merge with a banking company, Wachovia (WB)won't be able to stand alone, default rates on even prime mortgages could soar, and European banks' woes are just beginning…

Reid Says `No One Knows What to Do’ to Solve Crisis Two time Nobel-prize winner and former chief economist of the World Bank, Joseph Stiglitz has warned that the current financial crisis will continue for at least another eighteen months and in many ways represents a worse situation than the one faced by Americans during the great depression of the 1930s.
Gold Rises Most in 8 Years as Investors Seek Haven From Turmoil

“There is going to be a new financial world order that will be born of this”

US Economy: Rudderless and Reeling From Direct Hits Paul Craig Roberts | The current financial problems have pushed into the background the larger problems of the US budget and trade deficits.
Federal bank insurance fund dwindling Associated Press | Additional failures of large banks or savings and loans companies seem likely, and that could overwhelm the FDIC’s insurance fund.

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Global realignment: How Bush inspired a new world order  The series of unfortunate and costly decisions made during the two terms of the Bush administration, combined with economic decline at home, will devastate the US’s already diminished world standing much sooner than most analysts predict.
Editorial: Losing a war and a sincere ally ANOTHER US airstrike in Pakistan, the fifth since the beginning of the month. And there are going to be more.

NIGHTMARE ON WALL STREET: WHO'S NEXT?
Stocks Slide Most in Six Years...   DOW DOWN 500+ POINTS...   FDIC monitoring impact on insured banks...   PUMP: Fed Injects $70 Billion of Reserves; Most Since 9/11...   WASHINGTON MUTUAL Cut to Junk......

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

Ukraine’s government falls apart

For prosecution of Bush war crimes, planning begins

Key Witness to WTC 7 Explosions Dead at 53

Latin America uniting against neocons of Washington

Cheney Scales New Heights of Hypocrisy

US a step closer to Iran blockade

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

Lehman Bros files for bankruptcy

 

HELLSTORM IN HOUSTON... DEVASTATION... 4 MILLION WITHOUT POWER; COULD BE WEEKS... WINDOWS BLOWN-OUT D'TOWN... DETAILS... Commuter train, freight train collide in LA... 24 dead, 135 injured... Gas pushing $6 in Florida, elsewhere... Insurers brace for massive losses from Ike...

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

Last Gasp of a Doomed Currency

More on the Fannie/Freddie Heist

Lehman rescue fails, BofA buys Merrill for $44B (AP) A failed plan to rescue Lehman Brothers was followed Sunday by more seismic shocks from Wall Street, including a government-brokered takeover of Merrill Lynch by the Bank of America

Lehman set to go into insolvency

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

The U.S. on the Precipice

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street awakes to 2 storied firms gone

Weekly Street Sentiment: From Bad to Worse

Wall Street shaken by Lehman failure and Merrill sale

 

SUNDAY[!]: One of the most dramatic days in Wall Street history...
LIQUIDATE: Banks, Brokerages Prepare for Possible LEHMAN Bankruptcy...
ON THE BRINK...
BARCLAYS Abandons Talks...
Feds Balk at putting up taxpayer money...
CEO hubris contributed to meltdown...
BANK OF AMERICA reaches deal to buy MERRILL LYNCH for $44B....

Gonzo greenspan lauds his role in creating USA’s  'once-in-a-century' financial crisis...

 

HELL IN HOUSTON: LIGHTS OUT, NO DRINKING WATER, CURFEW...
AFTERMATH...
Race against time to save trapped...
Evacuees face long stays in shelters...
Insurers brace for massive losses...
Galveston stunned...

 

Sarah Palin Talks Lightly About Nuclear War  Moon of Alabama | The U.S. is officially attacking Pakistani citizens within Pakistan’s borders. Paul Joseph Watson | Family planning pioneer Marie Stopes advocated sterilization of non-whites & poor, sent love letters to Hitler; But respondents agree that most humans should be sterilized or killed

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

Cramer: ‘Dysfunctional’ Banking System Puts U.S. ‘Totally’ at Risk of ‘Great Depression No. 2′ Lew Rockwell | Our political economy is rife with such catastrophes in waiting, yet the public always seems startled, and outraged, when the day of reckoning can no longer be deferred.

Bullish Sentiment Drops 30%

CBOE Put-Call Ratio Indicates Negative Outlook

Get Ready For the S&P 500 to Break Below 1200

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

FEMA: The Plan to Kill America

Problem, Reaction, Solution in Pakistan  Kurt Nimmo | Sec. Def. Gates and the JCS declare the U.S. must kill more Pakistanis if CIA-ISI created terrorists in Afghanistan are to be defeated.

Olbermann: Bush Administration “Allowed 9/11 Attacks To Occur”  Paul Joseph Watson | MSNBC host slams brand name of 9/11™ that has kept constitutional crooks in office, “sociological pornography” of exploiting 9/11 images during Republican convention.

Bush: Iranians Are ‘A**holes’  Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

US 'not winning Afghanistan war'

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

WB settlers steal more Palestinian land

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Editorial: Israel a law unto itself

Sex, Drug Use and Graft Cited in U.S. Interior Department

Nader Calls For New 9/11 Investigation

Recession will hit the UK economy this year, warns European Commission

Gonzo greenspan: His recession/depression Still '50 Percent or More' Likely
WASHINGTON MUTUAL TUMBLES 30% TO 17-YEAR LOW...
LEHMAN PLANS ASSET SALES...
PENNY STOCK: SIRIUSXM FALLS ON WARNING...
Another bull joins the bears  Commentary: Peter Eliades now says Dow could drop below 9,000
The birth of Wall Street's bailout culture…But the LTCM near-collapse and rescue set in motion Wall Street's unchecked rush to risk during the decade by signaling to the market that the government would ultimately come to the rescue…

IT'S FRIDAY... ANOTHER BANK FAILS Integrity Bank Becomes 10th U.S. Failure This Year (Update2) By Alison Vekshin and Ari LevyAug. 29 (Bloomberg) -- Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, the 10th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Great Depression. Wall Street enters month of peril with outlook clouded...
THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY:

US to take control of mortgage giants: reports Reuters - WASHINGTON (Reuters) - The US government plans to put troubled mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported on Friday.
Questions, and Hope, on Plans for Mortgage Giants New York Times
Paulson Meets With Bernanke, Fannie, Freddie Chiefs (Update2)

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

U.K. Economic Slowdown 'Worst in 60 Years'...

Bracing for Another Round of Credit Related Woes

Equities: Nightmare on Wall Street?

Hedge Fund Hell

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq?  Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

FANNIE, FREDDIE Bailout Near...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

Silver State Bank in Nevada is shut

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents"  A leading investor has denounced the government seizure of two of the nation's largest financial companies as "madness" and says the move will only serve to make the markets more volatile and see house prices continue to go down.

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

US waves goodbye to prosperity and democracy

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

The great war on innocents

16 US troops commit suicide in Iraq

Scientologists charged with fraud in France...

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc”  Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Rangel had no-interest mortgage more than 10 years

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Economy Stays Stuck as Consumers Cut Back

Jobless claims jump unexpectedly

House price crash goes global

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

Iran slams French OK for Israeli strike

'Israeli army too tired for another war'

Home foreclosures reach record high

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Bobcats claim foreclosed house in Southern California... The foreclosure market is getting wild in Lake Elsinore: "Taking advantage of a slump in local real estate, a family of bobcats has moved into a foreclosed Lake Elsinore home, lolling about on fences and walls and riveting an entire neighborhood."

Trying to Avoid Pain, Americans Have Only Delayed the Invevitable and Allowed the Cancer to Spread  I understand that people are afraid to face the fact that 9/11 and the anthrax attacks were inside jobs, because that would be painful.

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Gustav Economic Impact Worse than Katrina

UK depression this year, OECD says

Feds: hurricane sparks shut-in of 96% of Gulf oil output

 

Russia Web site owner killed after arrest

After “macho-man” dumb rusky putin’s widely photographed/publicized killing of a tiger, we now await photo-film image of putin lying prone with Rita Moreno/Carnal Knowledgeable/type accepting his hundred ruble bill while telling him he’s a real man and imploring his elusive erection. Strictly a totalitarian third worlder at best who longs for the failed ideologies viz., totalitarian communism, he was brain-washed into accepting/promoting in the past. Don’t forget, this is the same scurrilous putin who was behind the murder of the future of Russia in the persona of General Alexander Lebed.

Josef Stalin acted rationally in killing millions, claims Russian textbook
Kremlin announces that South Ossetia will join 'one united Russian state'...
GUSTAV PICKS UP STRENGTH AS IT PASSES OVER CARIBBEAN... WIDE STORM... GUSTAV TRACK... MODELS... WIND MAP... SATELLITE... 'EXTREME DANGER'... HANNA TRACK...
Feds Can Bar Mad Cow Tests: Court The U.S. government has the authority to bar meat companies from testing their animals for mad cow disease, a federal appeals court has ruled.The Department of Agriculture's failure to test more than a fraction of cows for the brain-wasting disease prompted one meat company to announce that it would test all of its bovines, the Associated Press reported.But the government turned thumbs down on that request, from Kansas meat producer Creekstone Farms. Bigger meat packers feared the move would force them to employ the costly test on all of their cows, as well, the wire service said.The U.S. Court of Appeals for the District of Columbia, in overturning a lower court ruling, upheld the government's right to prevent Creekstone from testing its cows, the AP said.

U.S. Kills More Kids in Afghanistan

Georgia admits dropping cluster bombs

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

Putin who now is losing credibility fast warns against NATO navy boost made necessary by his own words and actions; he’s used to foes who carry no weapons at all (ie., that Tiger the ‘macho macho man’ recently shot is an example) and by his actions makes the case for shields and stepped up offensive capabilities as a deterrent to razputin. It’s time for this persistent obstacle to Russia’s future [the murder of General Alexander Lebed, brainwashed longing for failed ideologies of the past (ie., communism, etc.)] to get lost .

Razzie putin leads Russia down a dark path and it’s time for him to go! Indeed, so reminiscent is he of that other big game hunter and real man and novelist, Ernest Hemingway (who was in reality impotent and committed suicide) that he might consider a career as a novelist. FOR WHOM THE BELL TOLLS, RAZZIE PUTIN; IT TOLLS FOR THEE.

 

McCain Needs New Cold War

The Real Rate of Inflation is 13%  According to the method of actually looking at real prices instead of the “qualified estimates,” you will see that annual inflation in consumer prices is actually running at over 13%.

Nuclear Armaggedon: Jason Bermas Interviews Paul Craig Roberts  Infowars | If we don’t stop the insane neocons now, they will launch a nuclear war with Russia and end all life on the planet, warns Roberts.
FDIC may borrow money from Treasury Reuters | FDIC might have to borrow money from the Treasury Department to see it through an expected wave of bank failures.

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks...               Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russia may cut off oil flow to the West London Telegraph | Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU sanctions and Nato naval actions in the Black Sea.

Putin: U.S. Staged Georgian Conflict

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Editorial: Israel’s threats to Lebanon

McCain picks Palin as surprise No. 2

Alabama governor in talks to avoid local bankruptcy

Stocks end lower on personal income data (AP)

Alitalia files for bankruptcy protection

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

U.S., Russian Ships Square Off in Black Sea

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. Economy: Can’t believe that Growth Faster Than Initially Estimated on Exports The U.S. economy was falsely election-year reported to have expanded faster than previously estimated in the second quarter, helped by a weak dollar/surge in exports that will wane as Europe and Japan head toward recessions.

U.S. food prices to post biggest rise since ‘90

Pentagon can’t find $2.3 trillion  Paul B. Farrell | America’s economy is a war economy. Not a “manufacturing” economy. Not an “agricultural” economy. Nor a “service” economy. Not even a “consumer” economy. Yes, america’s Outrageous War Economy.

U.S. soldiers say they executed Iraqis  Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Iranian President Mahmoud Ahmadinejad renewed his verbal attacks on arch-foe Israel on Saturday, accusing it of dragging the world into turmoil and predicting its demise. "About 2,000 organised Zionists and 7,000 to 8,000 agents of Zionism have dragged the world into turmoil," Ahmadinejad told a rally in the central Iranian city of Arak carried live on state television. He said that if the West does not restrain Zionism, "the powerful hand of the nations will clean these sources of corruption from the face of the earth," without specifying which nations.

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Massive US Naval Armada Heads For Iran

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Clinton Advisers Skipping Obama Speech...

GALLUP Daily: Candidates deadlocked at 45%...

US anti-war protestors rally in Denver

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

UPDATE: Thatcher Has Dementia...

Washington archbishop rips Pelosi on abortion...

Ex-BOE Official Slams Fed, Sparking Hottest Jackson Hole Debate By John Fraher and Scott Lanman -- Former Bank of England policy maker Willem Buiter sparked the biggest debate at the Federal Reserve's annual mountainside symposium, saying the central bank pays too much heed to the concerns of financial institutions. ‘The Fed listens to Wall Street and believes what it hears,’ Buiter said yesterday in a paper presented to the Fed's conference in Jackson Hole, Wyoming. ``This distortion into a partial and often highly distorted perception of reality is unhealthy and dangerous.'' ... [OF COURSE BUITER IS CORRECT!] Wall Street bailout aid questioned at Fed event (AP)
Feds close bank in Kansas; ninth collapse this year...

Oil prices rise as commodity investors fear renewed cold war
View of economy somber from Fed mountain retreat

All US troops to pull out of Iraq by 2011

Documents reveal PR push for Iraq war preceded intel findings

US concedes Kremlin’s first military response in Georgia was “legitimate”  The US ambassador to Moscow, endorsing Russia's initial moves in Georgia, described the Kremlin's first military response as legitimate after Russian troops came under attack.

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

NIST WTC 7 Report: Shameful, Embarrassing And Completely Flawed  Paul Joseph Watson | NIST fails to address why ground zero workers and media outlets had prior knowledge of an “extraordinary event” never before observed an hour in advance, plus myriad of other ignored issues.

Taiwan’s security concerns ahead

And None Dare Call It Treason—McCain Advisor’s Georgia Connection  Patrick J. Buchanan | Randy Scheunemann is the principal foreign policy adviser to John McCain and potential successor to Henry Kissinger and Zbigniew Brzezinski as national security adviser to the president of the United States.

Biden is Obama pick for running mate: reports

Are You Ready For Nuclear War?  Paul Craig Roberts | In order to keep the billions of dollars in profits flowing to its contributors in the US military-security complex, the Bush Regime has rekindled the cold war.

Russia Checkmates the Neocons  Kurt Nimmo | Due to Russia’s presence in Georgia and its renewed military relationship with Syria, the neocon plan to confront Iran and encircle Russia has encountered a speed bump.

COINTELPRO 2.0  Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

French troops ‘killed by Nato jets’

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Bernanke says inflation outlook "uncertain"

Moody's ratings cut latest blow to Fannie, Freddie

Buffett: We're still in a recession

Jim Cramer Goes Off On Everybody You Tube | Cramer calls out what he regarded to be fraudulent destruction of Freddy and Fannie, and directly implies that our economy is being illegally manipulated by insiders.

Oil jumps $5 on US-Russia tensions, sliding dollar

A grim forecast for heating costs

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Crisis in the Caucasus. What Were/Are They Smoking in the White House? Eric Margolis | The U.S.’s most important foreign policy concern is keeping correct relations with Russia, which has thousands of nuclear warheads pointed at North America. 

NSA Security Officer: We Should Just Kill These People Richard Volaar | Wayne Madsen has an executive level NSA staff person on record saying that significant sentiment exists within the NSA to kill troublesome bloggers and journalists. Journalist says U.S. target was Al-Jazeera

Advisor to FBI in Anthrax Investigation Says Attack Was False Flag Terror George Washington’s Blog | Francis Boyle is convinced the October 2001 anthrax attacks that killed five people were perpetrated and covered up by criminal elements of the U.S. government.

The FBI Admits It Has No Case Against Ivins

Keith Olbermann Needs to Take Obama to Task for His FISA Betrayal Kurt Nimmo | Keith excoriates Bush and the neocons while saying Obama will be saddled with the yoke of the surveillance state.

Condoleeza Rice and the insult to international diplomacy  In the equation which makes up the odious, criminal and murderous Bush regime and its murderous, criminal and odious foreign policy, the constant factor is constituted by a teacher, promoted to positions way above her personal and intellectual station by a gullible fool/war criminal of a President

Schroeder blames ‘gambler’ Saakashvili for conflict

Blockades: Acts of War

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

US accused of war crimes over torture methods

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Syria: Time ripe for closer Russia military ties

Russia’s financial crisis of 1998 plotted by IMF

Russia's Georgia Campaign and the Expansion of NATO  Many are drawing analogies between the U.S.-led attack on Yugoslavia in 1999 and the Russian attack on Georgia earlier this month. Most, including Russian officials, do so to highlight the hypocrisy of Washington’s criticism of Russia’s action.

 NSA Security Officer: We Should Just Kill Troublesome Bloggers OpEd News | Wayne Madsen claims to have an executive level NSA staff person on record saying that significant sentiment exists within the NSA to kill troublesome bloggers and journalists.

News crew crashes Denver’s DNC concentration camp Stephen C. Webster | Police are preparing what a local political organizer calls a ‘concentration camp,’ laying in wait for mass arrests anticipated during the upcoming Democratic National Convention.

‘Peacekeepers to stay’ in Georgia SBS | Russia plans to deploy a peacekeeping force like those of the u.s. abroad/Iraq, etc., of unspecified size that will protect those targeted by u.s/israel/georgia.

Scientist Predicts Ice Age Within 10 Years

Arctic Ice Grows 30 Per Cent In a Year

PENTAGON CAN’T FIND $2.3 TRILLION  

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Paul B. Farrell ARROYO GRANDE, Calif. (MarketWatch) — Yes, America’s economy is a war economy. Not a “manufacturing” economy. Not an “agricultural” economy. Nor a “service” economy. Not even a “consumer” economy.

Seriously, I looked into your eyes, America, saw deep into your soul. So let’s get honest and officially call it “America’s Outrageous War Economy.” Admit it: we secretly love our war economy. And that’s the answer to Jim Grant’s thought-provoking question last month in the Wall Street Journal — “Why No Outrage?”

There really is only one answer: Deep inside we love war. We want war. Need it. Relish it. Thrive on war. War is in our genes, deep in our DNA. War excites our economic brain. War drives our entrepreneurial spirit. War thrills the American soul. Oh just admit it, we have a love affair with war. We love “America’s Outrageous War Economy.”....

 

Highest crime rates in the world; war criminals; frauds; americans are inherently criminal in nature/genetically predisposed to criminal acts accross a broad spectrum [by way of somewhat imperfect analogy to describe this reality, somewhat akin to adverse selection (insurance term)].

 

Large U.S. bank collapses seen ahead  October 15, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Merrill, Wachovia in Danger of Failing

Fannie, Freddie shares dive on bailout fears

Fannie, Freddie Slump on Concern Treasury Bailout Is Inevitable
The Strong Dollar Illusion Economists who now see American troubles spreading around the world are predicting that foreign central banks will ignore the gathering inflation threat and follow the Fed down the rate cutting path. Similarly, they argue that since the downturn began here, the U.S. recovery will likely be underway while the rest of world is still decelerating. These assumptions have prompted a rally in the dollar, a sell-off in gold, commodities and foreign stocks, and have cast doubts on the ability of foreign economies to “decouple” from the United States. Investors should not take the bait. America does indeed pose a global threat, but not for the reasons these economists suppose. Foreign economies are suffering not because Americans have slowed their voracious spending, but because they are defaulting on hundreds of billions of dollars of existing loans underwritten by lenders around the world.

Wholesale prices: Highest annual rate in 27 years

Euro hits six-month dollar low

Oil jumps above $114...

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Ex-IMF chief says a large US bank to go under...

Meet the Economist Who Correctly Thinks We’re Doomed  October 15, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Housing starts expected to head lower again MarketWatch - By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) -- The economic news in the coming week will probably confirm just what you'd expect: higher prices, weaker home building and a Federal Reserve that's stuck in a tricky position.

Analysts expecting large loss from Lehman: report

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

Bracing for Inflation BusinessWeek - by John K. Castle Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009.
Living Costs Rising Fast, and Wages Are Trailing New York Times
US inflation at highest since 1991 Financial Times

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks  

Neocon Crybabies Steven LaTulippe | Given recent history, the rest of the world must be watching Washington’s anti-Russian hissy fit with slack-jawed disbelief in light of america’s war crimes.

Missile Defense: Washington and Poland just moved the World closer to War F. William Engdahl | Russian officials said Moscow could deploy its Iskander tactical missiles and strategic bombers in Belarus and Russia’s westernmost exclave of Kaliningrad if Washington succeeded in its missile shield plans in Europe.

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia  Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Condoleezza Rice: Russia playing 'dangerous game' What has she been smoking/drinking/popping…..Ah eureka, the same as bush since everyone knows they were playing the safe game of war crimes in Iraq’ 

Russians 'Seize US Weapons Depot'  Russia claims to have seized a large depot of US-made arms near the Georgian town of Senaki, as the US Secretary of State flies to Tiblisi for urgent talks to try to bring the conflict with Russia to an end.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia  Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Neocons Up Nuclear War Ante with Poland Missile Deal  Kurt Nimmo | It should be obvious by now the Russians will no longer tolerate the U.S. deploying missile “defense” systems on their border.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay  BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Georgia war is a neocon election ploy

England Behind World War Three

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia  Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Russia accuses Georgia of plotting armed attack against Abkhazia  

Captured map shows Georgia planned to invade Abkhazia  Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Russia had no choice but counterattack in S.Ossetia - Gorbachev  Former Soviet leader Mikhail Gorbachev said Russia had no choice but to launch a counterattack to Georgia's offensive in breakaway South Ossetia, but it is still possible to find a political solution to the crisis.

Ukraine Threatens to Blockade Russian Ships  Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

Consumer prices rise at double the expected rate

Contractors reap 85 bln dlrs from Iraq war: US report
Hair Samples in Anthrax Case Don't Match Clearly, Bruce Ivins was framed, killed (while in custody) like so many other microbiologists ….. CIA Had Killer Anthrax

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Europe teeters on the brink of recession

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?"  The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

This War Has Been Approved By Your Government  We Americans got a graphic illustration of the demise of any independent American corporate news media these past few days as the coverage on TV and in print was saturated with reports about John Edwards’ infidelity and, equally important, Russia’s invasion of Georgia.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

mccain and the mob – cover-up

McCain: Worse than you think  He's despised by fellow Vets, especially fellow POWs, not only for cooperating with the enemy, but also for blocking every effort to make sure all American POWs were returned after the war.

Moral of the story (despite their lies to the contrary) - never invite criminal hillbillies like the clintons to a democratic party (or garden parties either) Clinton's name to be presented to convention Reuters Video: Hillary's Last Stand

obama suddenly sounding more republican like hillaryous Clinton, bomb this/that for greater Israel
Same As the Old Boss: Both McCain and Obama’s Advisors Want War in Georgia
McCain Adviser Was Lobbyist for Georgia

Is there some parallel universe where gates says there must be consequences for Russia’s defense of ethnic Russians in Ossetia under attack/killed by u.s./israeli puppet shockvilli/Georgia but not for u.s. war crimes in/illegal invasion of Iraq AND WAR CRIMINAL BUSH REFERS TO RUSSIAN DEFENSE  AND RESISTANCE TO AMERICAN/ISRAELI/GEORGIAN INCURSION/KILLINGS AS BULLYING (NOTE GRANADA, IRAQ, ETC., AMONG AMERICAN MARKS).

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Key US witness will not testify again in Olmert case: ministry (AFP)
Lawyers to US witness against Olmert: Stay home (AP) (the bribe’s been paid) - Lawyers for an American businessman have recommended he refuse to testify again before an Israeli court in a corruption case against Prime Minister Ehud Olmert, according to a letter released Thu...

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

Russia orders halt to war, U.S. cancels exercise

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

The BBC is deliberately distorting the News from the Georgia Region Chimes of Freedom | While the Ossetians claimed over 1000 dead the BBC neither reported this or any newsreel coming out of Ossetia showing the destruction caused by the Georgian shelling of the breakaway republic.

U.S. Arms Cache Found in Kyrgyzstan Kommersant | Observers are both pointing out reasons to be alarmed at the incident and reasoning that the United States has little reason to create a provocation in Kyrgyzstan but rationality is not the test  and doesn’t rule out the bloodthirsty war criminal acts of american criminals.

Using Georgia to Target Russia  Stephen Lendman | Welcome to the new wasteful Cold War and new Great Scam to fleece/fraud through continued/higher wasteful budgets/spending for same, what a new administration will inherit next year.

Russia: US gave nod to Georgia  Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

LA Times: A classic example of Disinformation  The opinion piece in the online version of the Los Angeles Times (2008.08.12) is a clear and classic example of the type of material western readers are being bombarded with in what appears to be an orchestrated campaign of disinformation to shape public opinion against Russia. As was the case in Iraq, the Western public is being duped by what amounts to a perverse act of manipulation... and is guzzling the bait hook, line and sinker.

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Russia Today Website Targeted In Cyber Attacks

Attacks damaged or destroyed 70% of buildings - Tskhinvali mayor Around 70% of buildings in Tskhinvali, the capital of South Ossetia, have been damaged or destroyed since Georgia attacked the republic early last Friday, the city's mayor said on Tuesday.

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

Israel and the US behind the Georgian aggression. What else is new in the world?  There is an obvious Israeli involvement in the present conflict between Georgia and Russia. There are hundreds of Israeli military advisers in Georgia and this is not just the claim of the rather unreliable DebkaFile but also the more respected Ha'aretz expert Yossi Melman, the daily Ma'ariv and also the rather reliable website "News First Class" (NFC).

Civilian Genocide, Dead Americans Cost Of U.S.-Russia Proxy War  The truth behind who is primarily responsible for the bloodshed unfolding in South Ossetia and surrounding areas has been buried by the western corporate media. Georgian forces, with a green light from NATO and the support of American and Ukrainian mercenaries, launched a brutal attack targeting civilians and Russian peacekeepers timed to coincide with the opening of the Beijing Olympics so as to temporarily deflect attention before the inevitable Russian response, by which time the global media machine kicked into high gear to smear Russia as the villains of the entire piece.

War criminals bush/cheney/america have no credibility vis-à-vis Russia especially since U.S. Attacked Russia Through Client State Georgia  Indeed, Russia need only invoke the bush/cheney/israeli/american doctrine of preemptive war which has been tacitly and overtly endorsed worldwide even when tenuous premises are used to buttress same and even when proven blatantly and knowingly false.

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...  
US military surprised by speed, timing...

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

American Mercenary Captured By Russians An American mercenary has been captured by Russian forces along with a number of Georgian soldiers according to a report from the Russian news website Izvestia, providing more evidence that the U.S. and NATO are covertly supporting the Georgian army in a proxy war with Russia.

Did the U.S. Prep Georgia for War with Russia?  Georgia and Russia are careening towards war. And the U.S. isn't exactly a detached observer in the fight. The American military has been training and equipping Georgian troops for years.

US hampering Russian peace efforts – Putin The Prime Minister has accused Washington of undermining Russia’s attempts to restore peace in the South Ossetian conflict zone. Vladimir Putin said a decision by the US military to fly 800 Georgian soldiers from Iraq to Georgia showed America was ‘trying to get in the way’.

US needs international law

American Mercenary Captured By Russians cia and mercenaries, americans/israelis stoking flames of war…Paul Joseph Watson | NATO instructor taken hostage with Georgians amid reports of U.S. military commanding thousands of mercs in proxy war.

Israeli gunships fire at fishing boats Israel's naval gunships opened fire yesterday at fishing boats near Rafah shores in southern Gaza Strip, witnesses said. Palestine-Israel, Politics, 8/11/2008

EU: Israel's decision for more settlements undermines peace The construction of settlements anywhere in the Occupied Palestinian territories, including East Jerusalem is illegal under international law, the French EU Presidency statement read. Palestine-Israel-European Union, Politics, 8/11/2008

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Iraq demands US set troop pullout time

Editorial: A war and its innocent victims

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican  October 15, 2008

Fannie Mae posts another huge loss
america is sinking fast

US foreclosure filings surge 55 percent (AP)

One Third of New Owners Owe More Than House Is Worth

Detroit house sells for $1.00

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil rises to near $117 on falling inventories

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses  JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

China to overtake USA as largest manufacturer...

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia  

Evidence of U.S. Military Presence in Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

US-led soldiers kill 5 Afghan civilians

Trillions Lost in Recent Economic Failures  Bob Chapman | The credit-crunch is getting worse instead of better, as is the real estate-subprime debacle which will soon morph into the Option ARM debacle.

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs  

Get Outraged And Get Active About Internet Censorship  Paul Joseph Watson and Kurt Nimmo | New contest gives you the chance to educate millions about the growing threat to freedom of speech on the web which is the only place people can get reality/truth in this age of decline/dumbing down.

Law Professor: Counter Terrorism Czar Told Me There Is Going To Be An i-9/11 And An i-Patriot Act Steve Watson | Amazing revelations have emerged concerning already existing government plans to overhaul the way the internet functions.

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

US refuses Israel arms to attack Iran N-sites JERUSALEM: The United States in a rare lucid rational moment wisely turned down Israeli requests for military hardware to help it prepare for an attack on Iranian nuclear facilities, a front-page report in Israel’s Haaretz newspaper...

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

The Real State of the US Economy  When Henry Paulson agreed to leave his job as chairman of the powerful Wall Street investment bank, Goldman Sachs to go to Washington as Treasury Secretary in 2006 he demanded extraordinary powers as de facto economic czar. He’s done a bang-up job, don’t you think.

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Inflation hits a 30-year high

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop  U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...  

DEPRESSION IS INEVITABLE NOW  October 15, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit  Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

JPMorgan loses $1.5 billion since July

Wachovia boosts loss to $9.11 bln, cuts more jobs

Evidence of the US Banking System Teetering on the Brink of Collapse
Home prices drop by record 15.8% in May...
The Cheney Doctrine Counterpunch | Some are in denial and disbelief over an all too real report by Seymour Hersh that Dick the sick Cheney had discussed the idea of having some Navy Seals dress up as Iranians, and then fake an attack.

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Iran threatens to shut Gulf shipping lanes

US threatens Iran with 'punitive' measures

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

The Dow Priced in Ounces of Gold: Secular Bear Market Since '99
 by Kirk Lindstrom from Seeking Alpha
Neocons Pressured FBI to Blame al-Qaeda for Anthrax Attacks
A second, far larger wave of U.S. mortgage defaults is building
Big hyperinflation (they’re printing worthles dollars like mad) sinks spending
Royal Bank of Scotland poised for biggest loss in UK banking history
‘EURANIUM’: The Weaponized Fiat Currency
El-Erian: Buy more foreign stocks Even in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam.

BOOK BOMB: FIRST FEMALE SPEAKER CHARTS #1,247 ON AMAZON SALES…which represents a modicum of hope in light of poor showing...
IMF predicts no end in sight to credit crisis  Radio Australia | The IMF has a particularly gloomy assessment of the US economy.

More Arrows Seen Pointing to a Depression  The American economy expanded more slowly than expected from April to June, the government reported Thursday, while numbers for the last three months of 2007 were revised downward to show a contraction — the first official slide backward since the last recession in 2001.

Jobless Rate Hits 4-year High...

GM posts $15.5 billion loss...
FDIC warns four banks over liquidity...
GM Has $15.5 Billion Loss on U.S. Sales Drop, Leases General Motors Corp. reported a second-quarter loss of $15.5 billion, the third biggest in its 100-year history, because of plunging U.S. sales and the declining value of truck leases. The shares fell as much as 11 percent.
Small Florida bank is 8th failure this year...
July auto sales spiral to 16-year low...

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

Greenspan says more banks, institutions may founder

 

Stressed banks borrow record amount– $16B per day– from Fed Reuters | Banks’ primary credit borrowings averaged $17.45 billion per day in the latest week, the second straight week this had hit a record and up from $16.38 billion the previous week, Fed data showed.

Cheney, Neocons Considered Killing Americans in Pretext to Attack Iran Kurt Nimmo | Hersh admits not writing an article on this obvious act of treason because the neocons didn’t actually see their demented plan through.
Israel ready to attack Iran without USA’s permission

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

Judicial Suit against US Gov’t. On Behalf of Imprisoned Border Agents Jim Kouri | Ignacio “Nacho” Ramos and Jose Alonso Compean are two Border Patrol agents shamelessly prosecuted by the U.S. government for shooting and wounding a Mexican drug smuggler.
Outgunned Border Patrol Agent Held at Gunpoint by Mexican Military

Bush the incompetent, war criminal, budget buster (with substantial congressional help) Calls for New Highway Tolls, More Private Funding of Roads
Dennis Kucinich Responds to Nancy Pelosi's Statements - Re: Impeachment WARNING: Pelosi's obfuscation may cause projectile vomiting! Put on a wetsuit!

The Dangers of Neo-Conservative Economic Policies

The Military-Industrial Complex: It’s Much Later Than You Think Most Americans have a rough idea what the term “military-industrial complex” means when they come across it in a newspaper or hear a politician mention it. President Dwight D. Eisenhower introduced the idea to the public in his farewell address of January 17, 1961.

FCC rules Comcast violated Internet access policy

IOC being grilled on Internet censorship

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

House panel votes to cite Rove for contempt

The Lie of the Century  Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

We Are Change Confronts Pelosi on Not Pursuing Impeachment  We Are Change | Nancy Pelosi was brought into the House in order to push for impeachment as well as an end to the war in Iraq… to date, she has done none of this.

America’s house price time bomb BBC | Faced with seemingly never-ending falls in the value of their properties, some American home-owners are taking radical action; they are choosing to walk away from homes and their mortgages.

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

Olmert's vow to quit shakes peace talks Another israeli excuse for no peace. After all, corruption/obsessive love of money/ crimes nothing new for the Christ-killing jew. Reuters - By Allyn Fisher-Ilan and Adam Entous JERUSALEM (Reuters) - Middle East peacemaking was in turmoil on Thursday after Ehud Olmert, dogged by corruption probes, said he would resign as prime minister after his party picks a new leader in September.
Video: Raw Video: Israel's Prime Minister to Step DownVideo: Raw Video: Israel's Prime Minister to Step Down AssociatedPress

Israeli settlers in West Bank defy promise Christian Science Monitor

5 olympic athletes fail gender test...

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

ICC indictment of Omar Bashir ‘unwarranted’

 

Bad News and Bank Runs  

FDIC takes over 2 more banks, closing 28 branches...
Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Quantifying Inflation by Zigler from Seeking Alpha
AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.
Acts of War The war between the United States and Iran is on. American taxpayer dollars are being used, with the permission of Congress, to fund activities which result in Iranians being killed and wounded, and Iranian property destroyed.

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

Bleak Housing Outlook...

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

FALL FASHIONS SHOW DEPRESSION-ERA CHIC...

NY GOV WARNS OF WORST ECONOMY IN DECADES...
kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

If Iran is Attacking It Might Really be Israel  Philip Giraldi | Israel is willing to behave with complete ruthlessness towards the US if they feel that the stakes are high enough, witness the attack on the USS Liberty and the bombing of the US Consulate in Alexandria in the 1950s.

Iran not building nuclear weapons: Ahmadinejad

Are You Ready to Face the Facts About Israel?  On October 21 (1948) the Government of Israel took a decision that was to have a lasting and divisive effect on the rights and status of those Arabs who lived within its borders: the official establishment of military government in the areas where most of the inhabitants were Arabs.”

Force Israel to lift siege, Cabinet tells global community

The Real Reason that the U.S. Tortures People The U.S. has embarked on a coordinated policy of torture. The U.S. has rounded up scores of innocent farmers and other civilians -- including children -- in Iraq, Afghanistan and elsewhere and tortured them until they died, went crazy, or were disabled.

Bloodbath in Iraq

Justice report faults illegal use of politics in hiring federal prosecutors, judges

'Oil price may hit $500 a barrel'

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Ben Bernanke’s Hush Money The bailout of IndyMac’s depositors will probably deplete 10% of the FDIC’s reserves. The Federal Reserve System backs up Congress. This is the heart of the threat to the solvency of the dollar.
WORRIED BANKS REDUCE BUSINESS LOANS...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps  TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

 

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

U.S. regulators seize two more banks, engineer sale WASHINGTON (Reuters) - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and credit crunch.

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Dam Breaks As Media Covers Impeachment Hearing

Bill Gates Supports Fascism With His Money

Angry Cindy Sheehan exits Judiciary hearing

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline  

Economy heads for depression as growth slumps

Evidence of the US Banking System Teetering on the Brink of Collapse  

Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift

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

Visualizing Dow 6,000

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

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

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

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

Home sales at 10-year low, jobless claims jump

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

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

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

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

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

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

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

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

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

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

Ron Paul on the Housing Bill - "The Mother of All Bailouts" Ron Paul talks about the bailout out of the housing industry and how it really just destroys the dollar and adds enormously to the debt.

US lawyer seeks to sue US over Iran threats

Judiciary Committee Head Rigs Bush Impeachment Hearings

Ford Posts Loss of $8.7 Billion on Asset Woes The Ford Motor Company, stunned by abysmal sales of its most profitable vehicles and a sudden shift in consumers’ tastes, said Thursday that it lost $8.7 billion in the quarter, its worst ever, and would overhaul its North American plants to focus on small cars.

Former Gitmo Prosecutor Says Trials Rigged

Police director sues for critical bloggers' names

 

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

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

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

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

Food stamp use soars in Massachusetts

TOYOTA beats GM in worldwide sales...

Pickens sees $300 oil unless U.S. cuts imports

 

Britney 'to play lesbian killer stripper' in Tarantino movie...
Behind the scenes of Hilton's mock ad...

 

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

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

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

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

 

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

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

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

Bank of America: Doubts Remain (at BusinessWeek)

 

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

UK economy heads for ‘horror movie’

Iraqis back Obama plan

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

Arab League slams ICC prosecutor

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

 

Paulson braces public for months of tough times

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

Trouble at Fannie and Freddie Stirs Concern Abroad

 

Threat of mass starvation looms in Zimbabwe after latest harvest fails

 

Israel soldier shoots arrested Palestinian on film (AFP)

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

 

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

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

 

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

 

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

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

American consumers squeezed by surging inflation

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

Oil prices rebound above $131 after 3-day drop

 

GM Retirees Left to Twist in the Wind  

Wachovia Securities raided in auction rate probe...

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

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

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

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

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

Spain Faces Worst Economic Crisis in its History

Total Chief Predicts $200 Oil In The Future

Report: Iran war will spark backlash

U.S.-led forces confirm killing Afghan civilians

Sovereign funds cut exposure to weak dollar...

Gas Lines Coming This Fall  

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

Inflation highest in 27 years  

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

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

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

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

 

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

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

 

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

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

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

Barak the israeli In Washington To Lobby For coup de grace america self-sacrificing/self-destructive for israel Iran Attack Israeli war minister Ehud Barak will visit Washington next week to meet with top U.S. government officials in what some are suggesting will be the final planning session of a military strike on Iran.

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

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

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

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

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

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

Financial ETFs Dip Lower

IndyMac seized as financial troubles spread

Obama says `little doubt' country in recession

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

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

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

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

FANNIE, FREDDIE FEAR...

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

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

THIS BUD IS... FOR EU!

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

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

Second-largest bank failure in U.S. history...

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

 

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

 

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

 

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

For instance, it was widely reported that several Israeli’s had been detained after recording the first plane strike and then celebrating the attacks. As the investigation began to widen, it was revealed that these detainees were part of a larger network of Intelligence operatives within the United States.

 This network was shielded from any attempts at a serious investigation and the discussion of Israeli spying was considered taboo within agency circles. Yet the Israeli spy network had not only targeted, but penetrated a multitude of government offices– including the F.B.I., the C.I.A., the Secret Service, and many, many others.

Evidence even points to the fact that this same ring of people were in possession of Top Secret Military codes possessed only be key members of the continuity of government– raising the question: who were the real terrorists on 9/11?

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

 

NOBEL PRIZE WINNING ECONOMIST: CRISIS AS BAD AS GREAT DEPRESSION OR WORSE    Financial terrorism: US taxpayers bail out Wall Street criminals  $4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed  RICO Summary under penalty of perjury to the FBI at their request   Report confirms Israel’s nuclear arsenal  Roubini: Rate Cuts Temporarily and Minimally Reduce Crash Risk, But Dow 7,000 Likely 'Sometime Next Year'  Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000   October 15, 2008

The Insanity of the $700 Billion Giveaway

The Wall Street Coup and the Bailout Scam
Paulson Doles Out $125 Billion to Wall Street Elite
The Evil of Bailout One of the burning questions regarding the recently passed bailout, and the one that almost no one has bothered to answer, is how the government intends to pay for it. Bailout $700 billion yet national debt increased by over $1 trillion.
They socialize their losses and privatize their gains ….. How is this happening? What a total fraud/scam!
Roubini Sees Worst Recession in 40 Years, Rally’s End

Stocks plunge anew as data points to conveniently belated realization we’re in a recession

The stock market plunged the most since the crash of 1987 as disappointing retail sales data and credit concerns renewed economic fears. Specifically, the S&P 500 plunged 9.0%, settling near session lows.

Constant parallels are drawn between today's financial meltdown and the Great Depression of the 1930s.
Recession looms despite global interventions

Banks borrow record $437.5 billion per day from Fed

McCain vs. Obama: They Can Debate All Night, But Neither Can Save the Economy

‘The global economy is going through a "profound shift" as it deals with the unwinding of debt leverage, which Todd Harrison, CEO of Minyanville.com calls "the mother of all bubbles."
As with the tech bubble before them, bubbles in housing, commodities and hedge funds were all made bigger because of the unfettered use of leverage. The unwinding process is going to result in a "prolonged period of socioeconomic malaise," he says, predicting unemployment will rise will into double-digits before the cycle turns.
The most recent batch of economic data certain support a grim outlook:

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

 

Dow Jones Bloodbath Mirroring 1929 Rout  Paul Joseph Watson | Bottom should be around 27 per cent below “bailout bounce” according to analyst.
Calls For New Global Financial Order Increase
Banks Hoard Cash as Credit Card Defaults Rise
Not Enough Money in the World: The Real Monster in the Meltdown Closet
Criminals in u.s. criminalizing dissent
Officials: FBI investigates ACORN for voter fraud (AP)
Don’t Blame Capitalism This crisis resulted from government reluctance to regulate the unbridled greed of Wall Street.
Financial crisis: The brighter side One of the more intriguing aspects of the current financial chaos is its effect on political reputations. In the US, it has finished off president bush’s et als, although there wasn’t much there anyway. He is seen as deeply tainted by events/crises of his or his making.
Hypocrisy and humbug from the White House
Ahmadinejad slams US for Iraq ‘oil theft’

Senator says White House withheld CIA interrogation information

Economic activity weak across U.S.: Fed Beige Book  …..      Bernanke’s dour assessment says credit crisis menacing U.S. economy…..daaaaah!

JP Morgan raises 2008-09 gold price forecast

US confronts probability of long, deep recession/depression

Dow Loses 8%

NOT AGAIN!
Biggest % Drop Since 1987...
Dismal...
Feds investigate WASHINGTON MUTUAL failure...
U.S. Stocks Plunge Most Since Crash of `87 on Recession Concern

Total Bailout Cost Heads Towards $5 TRILLION The total potential cost of the financial bailout to the U.S. taxpayer is already rapidly approaching $5 trillion, over seven times as much as the meaningless $700 billion bailout bill figure.

Feds Give Hundreds of Billions to Banks, But Get Only NON-VOTING Shares in Return

U.S. mood plummets as crisis deepens: Reuters poll

U.S. Economy: Retail Sales Slide Signals Deepening Recession

 

Gunmen Open Fire on U.S. Consulate in Mexico

Journalists targeted in latest Mexico drug violence

Economy sheds most jobs since 2003, more cuts seen (AP)
This is a secular bear market – check out the cycles.
Stocks Dive After Vote ...

It's Not You, It's the Market - Now Officially the Worst S&P Decline in History

Betrayed by the Bailout  On this date, October 3, 2008, the American people were betrayed by those whom they had elected to represent them. The grassroots rebellion that led to the House’s rejection of the Bush Administration’s Wall Street bailout bill on Monday flamed out on Friday, overwhelmed by a massive lobbying campaign by Wall Street and by a propaganda push in the corporate media in favor of passage.

The New American Century; Cut short by 92 years They call it the Oedipal Effect. By obsessive neo-con/israeli attempts to create their desired outcomes, they actually accomplished the opposite. I warned of this. Global Research | The era of Superpower America is coming to an end. The financial crisis was the last straw.
DON'T BREAK OUT THE BUBBLY JUST YET    IRWIN KELLNER
Commentary: Dow's Monday jump doesn't mean happy days are here again…..sometimes it pays to look before you leap. The Dow is still nearly 4,800 points below its all-time high set just over a year ago. And the U.S. economy is in a recession.
Glenn Beck Highlights Threat Of Martial Law Following Economic Crisis
Chicago To Shut Down Government To Save Cash...
33% 'Parking Tax'...
A Trillion Dollar Bait and Switch: The Bailout and the Smell Test The explanation that has been given for the financial crisis does not match up with the solution that has been devised. Moreover, the windows into the crisis offered by the authorities are opaque rather than transparent.
Bailout Like Treating Junkie With Shots Of Heroin Investment analyst Puru Saxena told a CNBC audience this morning that the Wall Street bailout was akin to treating a drug addict with shots of heroin, and warned that flooding the financial system with overprinted currency would lead to poverty, raging inflation and eventually a total collapse of the U.S. economy and the dollar.
Banks dictate conditions of US financial bailout Alex Lantier | The result of this bailout — a major consolidation and restructuring of the US banking industry — will be quite harmful to the interests of the population.
The t_rump: Feels Like Socialism … But I Like It …..Want to buy some real estate? Or watches, swampland in jersey, etc.  CNBC | “We were headed for Great Depression No. 2,” admitted trump.
Gold Rebounds on U.S. Fed Decision to Flood System With Worthless Weimar Dollars

 

AIG hits up Fed for more money CNNMoney.com

U.S. Trade Deficit at $59.1B; Job Losses Mount

US Missteps Are Evident, but Europe Is Implicated New York Times - By NELSON D. SCHWARTZ PARIS - A week ago, European leaders said they knew who was responsible for the global credit crisis. Silvio Berlusconi, Italy’s prime minister, blamed the United States… Stocks are on track for their worst year since 1937

Decades of Negative Returns: A Long-Term Look at the Dow

Dollar, Euro, Sterling May Be Destroyed Zimbabwe-Style Paul Joseph Watson | Hennecke says hyperinflation will cause gold price explosion.

The October Surprise: Global Panic

Blatant Banker Manipulation Of Gold Prices

Rescue for the Few, Debt Slavery for the Many

FILL YOUR BOOTS: DOW CLIMBS 936...

Treasury plan to inject $125B Weimar dollars in top 9 US banks...

Two More U.S. Banks Fail (at TheStreet.com)

U.S. works on bank plan, IMF warns of further market fall

[$$] Two Banks in Midwest Fail (at The Wall Street Journal Online)

PAKISTAN: FIVE KILLED IN MISSILE ATTACK BY DRONES... DEVELOPING...

US seeks more military budget for war?

FOOD RATIONS IN CUBA AS CRISIS GROWS...

NKorea off US blacklist after nuke inspection deal (AP)

Missile fired by US drone kills five in PakistanISLAMABAD: Despite Islamabad's repeated assertion it will not allow violation of its airspace by foreign planes, a barrage of suspected US missile strikes in the country’s northwest killed scores of people recently. The latest missile strike by an unmanned drone killed five people late Saturday. Not a single victim was believed to be a foreign Al-Qaeda fighter, officials said yesterday.

Official: Gunmen shoot at US consulate in Mexico (AP)

Synagogue opened near Al-Aqsa Mosque

THE WAR IN UNWINNABLE AFGHANISTAN

America’s Financial Apocalypse Economists Need to Sit Down and Shut Up Mike Stathis | I can make a very strong case that the U.S. has been in the early stages of a silent, modest depression for at least two years.

Bankers Want World Economic Government To Solve Financial Crisis They Created Paul Joseph Watson | The culprits who caused the problem offer their solution - more power for themselves.

Rogers: Global Bankers Have Unleashed Inflationary Holocaust Legendary investor Jim Rogers warned during a CNBC interview this morning that global central banks are creating the environment for an inflationary holocaust by their ceaseless overprinting of currency, a measure that isn’t even successful in stabilizing the stock market.
Paul Joseph Watson | CNBC hosts unable to grasp basic economic principles.
Mike Whitney | The prevailing wisdom is that Wall Street will continue to suffer historic losses and that this will mark the end of America’s dominance as the lone superpower.
Richard C. Cook | The problem is the oncoming recession/depression caused by the absence of an economic engine to generate new producing power.

Banks Hoarding Cash to Pay Derivatives Liabilities

Japan suffers biggest single-day stock drop for 20 years

Dow Plunges Below 8,000

Stocks are on track for their worst year since 1937

Global Stocks Tumble, Driving S&P 500 to Worst Week on Record

Swagger turns to shudder a year after market high...
'MAY DROP 50% FROM TOP'...

Stocks Drop in Rollercoaster Session; Dow Average Swings 1,000 Points...
Bush says anxiety feeding market instability...  Carter slams Bush on market crisis...
EUROPE STOCK ROUT...
Carter slams Bush on market crisis...
London shares bloodbath...

DOW LOSES 18%... THE WORST WEEK
Crisis becomes global crash...

 

I survived the Georgian war. Here’s what I saw.  Lira Tskhovrebova | Do americans realize that a military trained and equipped by the US government and israel attacked a civilian population as they slept in their beds?

U.S. Army prepares to invade U.S.

Is the Federal Reserve Engaged in Acts of Economic Warfare Against America?  Federal Reserve extends reach with 1930s powers  Associated Press | Dusting off Depression-era emergency powers, the Federal Reserve is extending its reach over the economy as never before, pushing the limits of its authority, if not exceeding them.

China’s Central Bank Denies Plan to Buy U.S. Treasury Bonds

Putin’s step toward redemption as he gets tiger cub and greater wisdom for his birthday...

 

Recession reality plunders Wall Street, Dow dives 678.91 (Reuters)

Dow plunges 679 for 6th triple-digit loss in a row (AP)

GM shares on credit watch with negative implications by S&P tumble 31 percent to 58-year low

Banks borrow record amount from Fed

Gold expected to rally above $1000 in Q1 2009

Dow plunges 679 for 6th triple-digit loss in a row (AP)
Prudential becomes latest insurer to warn (Reuters)

What the Pros Say: All that Glitters is Gold

Obama/McCain Sheeple Cheer Police Violation Of Free Speech

Thousands of Troops Are Deployed on U.S. Streets Ready to Carry Out “Crowd Control”

ABC: NSA agents admit spying on Americans’ private calls

US report says Afghanistan conflict rapidly worsening

How To Solve the Financial Crisis: Get Rid of the Liars and require term limits After 7 years of lies from Bush, Cheney, Pelosi and the gang, people have stopped believing them.

Israeli cops violate Al-Aqsa sanctity

Poetic justice in US meltdown

DOW LOSES ANOTHER 7%

Asian Stocks Plunge, Set for Worst Week on Record...
Live Chart...
GM Shares Fall to Lowest Level Since 1950...

No bottom in sight on Wall St...

Banks borrow record amount from Fed...

Aussies joke - and hope - that Communist China can save capitalism…riiiiight...

NYC National Debt Clock runs out of digits...

Stocks retreat again despite emergency rate cut Associated Press | The Dow Jones industrials, already down 875 points this week, fell another 200, and all the major indexes were down sharply.

Retirement accounts have lost $2 trillion so far

Russia’s RTS, Micex Stock Markets Closed Down

Chavez: “Comrade Bush” a Socialist

China state paper lashes US monetary policy

‘Economic 9/11′ exacting grim psychological toll in US

You Saw It Here First; Economic Crash, Banker Stick-Up Predicted Long Ago While mainstream corporate media lied to Americans claiming economy was strong, we were warning about a “global crash” and a faux solution of “predatory globalism” nearly two years in advance.

The next burden: hyperinflation

30 Civilians Died in Afghan Raid, U.S. Inquiry Finds

Rate cuts boost gold, silver, higher prices imminent

Asian stocks battered on fears for global economy

The Government got you into this mess so don’t trust them to get you out of it, says rogue trader Nick Leeson

Bailout Has Already Been Proven Worthless (Can We Cancel It Now?) We just had a $700 billion bailout bill that was signed into law and done in defiance of the American people at large. This money is on top of many more billions that have already been spent bailing out Wall Street.

Stocks tumble as Wall Street worries about financials

Retirement accounts have lost $2 trillion (AP) AP - Americans' retirement plans have lost as much as $2 trillion in the past 15 months, Congress' top budget analyst estimated Tuesday, and they wanted social security to a part of the wall street fraud/debacle…riiiiight!

Bernanke: Crisis could prolong economic pain (AP) Daaaaah!

BofA shares fall on worse-than-expected profit (AP) Shares of Bank of America Corp. fell sharply Tuesday afternoon, a day after the banking giant reported much worse-than-expected earnings, announced plans to raise $10 billion in capital by diluting share offering and slashed its dividend in half.

Fed to buy massive amounts of short-term debt creating/printing worthless Weimar dollars like mad with hyperinflationary depression to come as consequence.

Bernanke: More economic pain ahead Daaaaah!

Congress scolds former AIG executives breaking their hearts forever, but not too much promising to take their campaign contributions, over crisis. Term limits are necessary! Tax revolts are a coming (AP)

Wall Street sinks again on crisis fears (Reuters)

Bernanke signals readiness to cut rates in crushing blow to dollar in desperation (Reuters)

The End of American Hegemony

Kiener: Gold Prices To Double On Paper Market Default

It’s America that’s bankrupt

Panic as Russian stock market falls by almost 20%

Japan falls nearly 10%.

MORE PAIN...

Alcoa trims forecast along with bad results while Bank of america reports much lower (down 68%), cuts dividend in half, and announces a dilutingly wopping $10 billion in new stock offerings
S&P, Dow Average Post Worst Annual Retreat Since 1937...

Asian markets plunge on reality that crisis is spreading...

Evans-Pritchard: Germany takes hot seat as Europe falls into the abyss...

The Downturn Worsens: Would Ed Leamer Concede the Reality that We're in and Have Been in a Recession or Worse?

Dow dives below 10,000 on credit, recession fears
Those needful things on wall street say MORE, taxpayer money to bail them out for their consummate fraud, etc., MORE now EU cooperation for their past, present and future frauds, etc., how about prosecution, prison, fines,  and disgorgement for these mega billion dollar frauds, as 500 point swing to the upside into the close (get your money out while you can-sell into strength/rallies/take profits)

Crisis hammers stocks, U.S. urges unified response

Czar Paulson Picks Neel Kashkari to Head Banker Takeover  Associated Press | The administration has selected a former Goldman Sachs executive to be the interim head of its $700 billion “rescue” effort for financial institutions.

Fed May See Companies, States as Next Crisis Fronts

Dow plunges below 10,000

Financial crisis pummels stocks Arab News

Hyperinflation Catalyst For $2,000 Gold

Cramer says Get Out Of The Market  Cramer urges viewers to get any capital they are going to need for the next five years out of the stock market.

Pope says world financial system is 'built on sand'...
STAMPEDE AT NBC: Jim Cramer warns investments could lose 20% of value...
FLOOD AT FED: Doubles Cash Sales to $900 Billion...
MARKET MAYHEM: London suffers sharpest fall since '87...
Gunman kills self, five kin over financial woes in L.A....

Editorial: Olmert’s belated truths on peace

British commander says war in Afghanistan cannot be won

The end of America? Latin America, long regarded as America’s backyard, has recently hoisted the flag of defiance to its northern neighbor. In recent weeks, America’s ambassadors have been expelled by Venezuela and Bolivia
ASIA: TUESDAY...

'Human evolution is over'...

One democrat said that with 3 months remaining in war criminal (remember the lies) bush’s lamentable failed presidency the grab based on fear that bailout of the criminals who caused the problem and made huge sums from their heavily commissioned fraud will avoid what already is can only be deemed another fraudulent wealth transfer akin to the war crimes in Iraq, which budget-busting conflict is also part of america’s problem, is preposterous on it’s face.

 

A republican said that the so-called over-sight provision utilizes a standard of judicial review that would render impossible any purported review/abrogation (and after the fact at that) of paulson’s largesse to his bro’s on wall street and bush buddies.

 

"Despite days of negotiating, this is still the same bailout bill, written by a Wall Street guy with a Wall Street solution to a problem created on Wall Street," said Rep. Mike Rogers, R-Mich. "This bill was still a blank check to Henry Paulson."

 

This is not brain surgery and the fraud, bonuses/compensation (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper) in the mega-billions should first be disgorged before taxpayers are forced to pony up and pay the frauds again for their fraud which caused the problem in the first instance, must be prosecuted. It should also be noted that despite the rhetoric, the wall street bailout will NOT solve the crisis or eliminate the economic pain except to make permanent the fraudulent wealth transfer to the most well healed heals/frauds/criminals in the nation who caused the so-called crisis by their greed/corruption/fraud. 

Saudi investors suffer losses due to US crisis JEDDAH: Many Saudi and Gulf investors suffered heavy losses after some American and Gulf banks used their funds to buy risky mortgage bonds just before the subprime mortgage crisis erupted in the US....

Democratic Congressman: Representatives Were Threatened With Martial Law In America Over Bailout Bill A Democratic Congressman has warned that a panic atmosphere is being intentionally created in order to get the financial bailout billed passed, further stating that several members of Congress were told before Monday’s vote that martial law will be instigated in America if the legislation fails.

Job Losses: Worst in 5 years CNNMoney.com

The Bailout Is A Fraud

Israel fears new radar will reveal army secrets

Settlers attack Palestinians

O.J. Simpson convicted, jailed in Las Vegas  Simpson guilty on all charges in robbery trial (AP)

McCain: “I Always Aspire To Be A Dictator”

Financial Swindle: Blame It On Testosterone

Financial Tsunami: The End of the World as We Knew It F. William Engdahl | Power and greed are the only visible juice driving the decision-makers in Washington today.

Wealthy investors hoard bullion

U.S. Sept. ISM manufacturing index plunges to 43.5%

America Loses Its Dominant Economic Role

Lessons from America's economic failings

Iraqi military deaths up

Pakistan accuses US of terrorism

NeoCon Douglas Feith Chastized for 9/11, WMD Lies WeAreChange.org | Brian Kenny and Matt Lepacek from We Are Change confront Douglas Feith on war crimes.

Figures Reveal Corporate Cronyism At Work In Bailout Vote

Bailout Would Only Prolong Crisis: Jim Rogers

Analyst: Dollar May Sink, So Look to $1,500 Gold

Russia’s Dissident Bloggers Fear for Their Lives

Regulators Ease Securities-Valuation Rules WASHINGTON -- The Securities and Exchange Commission and the U.S. accounting-standard setter issued guidance that will allow companies to use more flexibility when valuing securities in a market that has dried up, a move the banking industry hopes will relieve pressure on company balance sheets…..[sounds like a plan…..riiiiight!]

Government Like Wall Street As Investment Manager Is Not Reassuring (at Seeking Alpha)

David Weidner's Writing on the Wall: Who's profiting from the crisis? Goldman Sachs, of course (at MarketWatch)

The Great Bank Robbery of 2008 The Paulson bailout failed in the House. If it isn’t a death blow to the plan, it should be. This is not an economic plan: it is a heist.

If You’re Looting the Treasury, Give it To US If the government is looting the treasury to the tune of of $700 billion plus, give the American people the money, not the con artists who got us into trouble in the first place.

Billion-Dollar Fund Manager; Gold To Hit $2,000, Dow To Sink To 5,000 Billion dollar fund manager Mark Tice says that the Federal Reserve’s ceaseless printing of dollars will cause gold to surge past $2,000 an ounce, while the Dow will fall below 5,000.

 

BILL NOW LENGTH OF NOVEL...
Politicians' phones ringing off hook...
Reid reveals: Major insurance company on verge of going bankrupt...

SENATE BAILS THEM OUT!

Auto sales plunge as credit crunch hits...

 

Indeed, one wall street expert commented that assuming passage, at best, the frauds would have cheered their coup with a rally which would be short-lived owing to economic/financial  fundamentals/reality.

Dem Congressman: 'We put thieves in jail, we don't bail them out'...
EYE OF THE STORM: House Republicans Blame Pelosi's Speech...
Pence: 'American people rejected this bailout and now Congress did likewise'...

 

Not so much bail-out as rip-off

Ron Paul: Bailout Will Destroy Dollar, World Economy

Financial crisis: pound falls most in 15 years in wake of B&B nationalisation

FDIC Announces Citigroup to Buy Wachovia FDIC Announces Citigroup to Buy Wachovia

Protests on Wall Street - what the news media isn’t showing you Protests took place on Wall St. to protest the bail out plan - and the mainstream news media didn’t even mention it.

Calls For New EU Financial Order Increase As Total Meltdown Becomes Likely With major European banks now failing, calls have increased for an entire restructuring of the financial system under a centralized EU supervisory body.

Congresswoman: Criminal Insiders Behind Bailout Bill Paul Joseph Watson | Rep. Kaptur: Normal legislative process has been shut down, high financial crimes committed, Republican Michael Burgess says “martial law” has been announced.

Rep. Burgess: Congress “under Martial Law” to pass banker bailout bill D. H. Williams | Burgess asks the Speaker of the House to post the bailout bill on the internet for at least 24 hours.

 

US Stocks May Fall More on Transports' Drop, Dow Theory Says

SELL! SELL! SELL! -777.68 (-6.98%)...
THE VOTE: 228 NAY; 205 YEA...
House adjourns until Thursday...
Web site overwhelmed...
BUSH 'VERY DISAPPOINTED'... Report: Bush ‘Personally Directed’ Gonzales To Strong-Arm Ashcroft At His Bedside
VIDEO: PELOSI PRE-VOTE SPEECH...
McCain says Obama policies will deepen recession...
Obama: McCain's deregulation too risky for economy...
PUMP: Fed 'significantly expands' availability of cash to squeezed banks; $630 Billion...
CITI EATS WACHOVIA FOR BREAKFAST...
WORLD OF PAIN: Stocks Sink Most Since 1997...
London markets crash as dollar records biggest gain in 15 years...
Congress Approves $25 Billion In Loans For Automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...
Gingrich: Paulson Should Resign...
Michael Moore: 'The biggest robbery in the history of this country'...

Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump and now the so-called supreme court (he should have gone to jail) justice] how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) and he further says let the ceo’s go and some of the failed institutions fail,  and the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so  great opportunity to sell/take profits while you still can.

Bailout marks Karl Marx’s comeback  Martin Masse
National Post September 30, 2008 In his Communist Manifesto, published in 1848, Karl Marx proposed 10 measures to be implemented after the proletariat takes power, with the aim of centralizing all instruments of production in the hands of the state. Proposal Number Five was to bring about the “centralization of credit in the banks of the state, by means of a national bank with state capital and an exclusive monopoly.” If he were to rise from the dead today, Marx might be delighted to discover that most economists and financial commentators, including many who claim to favour the free market, agree with him….. 

Not One Dime!  Mike Whitney | Paulson’s plan is loser. Not one dime should go to this latest Wall Street swindle.

$4 trillion plus is missing through U.S. federal agency accounts managed by the NY Fed

“Grand Larceny” on a Monumental Scale: Does the Bailout Bill Mark the End of America as We Know It?  In the post-bubble era there will be no more economic engines for the American economy. A long term recession and depression are inevitable, and they are expected by those in the know.

Bailout Bill Loaded with ‘Pork’

US desperate for cash seizes ‘$5bn of Saddam’s assets’

CIA ‘backed’ Irish battle against Brussels treaty

Congress' Economic Literacy (Or Lack Thereof)

Bailout Bill: Second Verse, Same as the First

PAPER: WACHOVIA faced 'silent' bank run; FDIC forced sale...
Bank Limits Fund Access by Colleges, Inciting Fears...

Olmert calls for Golan Heights pullout

Western world will become significantly less wealthy...
WSJ: Congress Lives Up to Its 10% Approval Rating by reconsidering bailout of the criminal frauds in this paper’s namesakes wall street name...
Harvard economist: Bankruptcy is right answer...

PAPER: 'Bailout marks Karl Marx's comeback'...
Talk radio holds firm over 'socialist' bailout...
EU Bank rescues spread...
FDIC asks for temporary hike in $100,000 cap on insured deposits...

Olmert says Israel must withdraw from West Bank for peace - LA Times
Palestine-Israel, Politics, 9/30/2008
Olmert: Israel has to return lands - Guardian Unlimited
Palestine-Israel, Politics, 9/30/2008
Olmert Steps Down As Premier Of Israel - WashingtonPost.com
Palestine-Israel, Politics, 9/30/2008
Rice and Syria FM hold talks on regional peace efforts - Yahoo! News
Syria-USA, Politics, 9/30/2008
Blast Injures Israeli Academic Critical of Jewish Settlements - WashingtonPost.com
Palestine-Israel, Politics, 9/30/2008

Israeli occupation closes the West Bank
Israeli Occupation Forces (IOF) imposed a closure of the West Bank and the Gaza Strip today, ahead of the Jewish New Year holiday.
Palestine-Israel, Politics, 9/30/2008
International Solidarity Movement to reestablish presence in Gaza
The International Solidarity Movement (ISM) announced that they will soon re-establish their presence in the Gaza Strip to support non-violent direct action against the Israeli Occupation.
Palestine-Israel, Politics, 9/30/2008

 

Sold to US taxpayers for $700B: banks' bad assets (AP)

Wall Street Bailout: Making a Deal With the Devil

The ‘just trust us’ (riiiiight) bailout

Sentiment Overview: Cash is King

Congress passes $25 Billion loan guarantees to automakers...
Dems seek Wall Street tax...
Power Shifts From N.Y. to D.C...

Gotti arrest recalls Fla. mob history (AP)

Olmert laments 'evil wind of extremism' and just plain old evil in Israel (AP)

Israel closes off Palestinian territories (AP)
Obama says financial bailout necessary...
McCain hopes to support...
Brazilian President calls plan unfair to poor...

Blacks, whites show prejudices along racial divide (AP)….."They can't blame the white man," he says of blacks. "Their own color sold them into slavery."…..
Gingrich: Paulson Should Resign...
WARNING: STOCKS COULD LOSE 1/3... Officials close to paulson are privately painting a far bleaker portrait of the fragility of the global economy than that advanced by president george w bush in his televised address last week. One Republican said that the message from government officials is that “the economy is dropping into the john.” He added: “We could see falls of 3,000 or 4,000 points on the Dow [the New York market that currently trades at around 11,000]. That could happen in just a couple of days. “What’s being put around behind the scenes is that we’re looking at 1930s stuff. We’re looking at catastrophe, huge, amazing catastrophe. Everybody is extraordinarily scared. It’s going to be really, really nasty.” …..
CREDIT CRUNCH BANKER KILLS HIMSELF...

All news decisively negative as WaMu becomes biggest bank to fail in US history (AP), GDP revised downward to 2.8% in second quarter (the market previously rallied on the false news and rallies again on the true bad news), only 30% at most support the taxpayer bailout of the wall street frauds so count on tax revolts as predicted by experts if the same passes , Sell into any rallies/take profits as all problems remain and will be exacerbated by the fact that the vast majority of taxpayers rationally and correctly opposed the bailout of the wall street criminals who benefited from the fraud. Reaction has been fast and furious 9-28-08[2:38 am]; take a look at some initial comments.  Sell into any strength/take profits because with bank failures and raids on taxpayer funds and reckless printing like mad of worthless Weimar dollars and fake data/reports and lies this is worse than recession/bear market,  New Home Sales Plunged 11.5% to 17-Year Low and home inventories up, jobless claims up and durable goods orders down far more than expected, home prices drop by record 9.5%, existing home sales down 2.2% as they continue to foist the wall street criminal/fraud bailout on taxpayers which Bloomberg now pegs at a cost of $5 trillion while other economists/experts say hundreds of trillions [which means $700 billion down the tubes into the pockets of the wall street criminals (make them pay) who created the mess through their greed/fraud/scams and who’ve already reaped huge financial sums in the many billions through compensation/bonuses (mortgages, subprime and otherwise, are only a relatively small portion of the fraud/scam providing “cover/collateral” for the worthless but heavily commissioned paper over and over again in a multiplicity of different forms of worthless paper0]; Motek’s financial expert, Financial Times Business Editor cites thoroughly gloomy economic picture globally and u.s. particularly, record levels of borrowing from fed, even with passage of bailout dire economic/financial scenario will remain, and axiomatic ‘buy on the rumor, sell on the news’ picture for stocks while his expert/economist/investor/entertainer (Ben Stein) says outrageous to bail out wall street criminals who should be in prison [and who should pay back/disgorge the hundreds of billions they’ve been scamming by repackaging/recollateralizing commissioning and reselling of which fraud/bubble I’ve been warning for over 5 years on this site-indeed they even have been exempted by congress for RICO liability and meaningfully lawless application of other laws as I reiterate in my RICO Summary under penalty of perjury to the FBI at their request including RICO violations by Sam Alito, former u.s. attorney who parlayed obstruction of justice (I’ve sworn to this regarding drug-money laundering) into judicial appointments to the 3rd circuit court of appeals with maryanne trump and now the so-called supreme court (he should have gone to jail) justice] how could anyone even listen to bush (WMD’s in Iraq-I also warned against that debacle/fraud/war crimes/profiteering) and he further says let the ceo’s go and some of the failed institutions fail,  and the outrageousness of the lack of oversight in this huge fraud/wealth transfer; and hanky panky paulson the wall street shill whose $50 million in blind trust and $20 million in vanguard benefits from this bailout by the taxpayers, The Fed is Making a Killing on Banking Crisis , so  great opportunity to sell/take profits while you still can.
Rogers: Dollar To Lose World Reserve Status  

The United States of America is the Next Argentina  Darryl R. Schoon | A US default will make Argentina ’s debt defaults pale both by comparison and consequence.

Financial Bailout: America’s Own Kleptocracy  Michael Hudson | The largest transformation of America’s Financial System since the Great Depression.

SEC ends program to oversee investment banks The U.S. Securities and Exchange Commission is ending its program to supervise large independent investment banks now that the five participants have collapsed or reorganized.

WaMu becomes biggest bank to fail in US history (AP)

Bailout Talks Lose Sight of the Cost Question

Bond Report: Treasurys prices up as bailout plan stalls, WaMu fails

Nancy pelousy, hanky panky paulson we’re incompetent, own the same stocks that will benefit …..please marry me, please! I'm Down On My Knees In A $3500 Suit!

Ron Paul: Greenspan, Bernanke Should Be Criminally Charged

Israelis, McCain Neocons Behind Anti-Islam “Obsession” DVD

WaMu Is Seized, Sold Off to J.P. Morgan, In Largest Failure in U.S. Banking History

Bank Borrowing From Fed Already Exceeded Bailout Total in Last Week

House GOP: We’ll Oppose Any Bailout of Wall Street

Bailing Out Wall Street Won’t Save Main Street

The Perfect Storm: Even with Bailout, Economy Is Hurting

Rally Now, Wheels Come Off Later - Faber

WaMu is largest U.S. bank failure (Reuters) Reuters - Washington Mutual Inc was closed by the U.S. government in by far the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co for $1.9 billion.

HSBC cutting 1,100 global banking and markets jobs

Central banks dole out cash as bailout doubts grow

Bailout in chaos, feds seize WaMu

Pakistan warns US troops after exchange of fire

JPMORGAN to take over WASHINGTON MUTUAL deposits...
FDIC seizure... WaMu Files for Bankruptcy Following FDIC Seizure (Update2)Bloomberg - By Christopher Scinta and Tiffany Kary Sept. 27 (Bloomberg) -- Washington Mutual Inc., a holding company for the savings and loan that became the biggest US bank to fail, filed for bankruptcy protection along with its unit WMI Investment Corp. Government Seizes WaMu and Sells Some Assets New York Times  ...largest US bank failure

DOMINATE: GOOGLE founder accuses broadcasters of 'rigging' tests...
Dirty Secret Of The Bailout: Thirty-Two Words That None Dare Utter  ‘Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency’. In short, the so-called “mother of all bailouts,” which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People’s duly sworn representatives.

Bush & McCain Blackmail America With Economic Terrorism  Paul Joseph Watson | Ferocious fear-mongering rhetoric, possible cancellation of presidential election as financial terrorists threaten Americans with chaos unless power-grabbing bailout bill is passed.

Lawsuit Challenges Banker Bailout Scam

A 700 Billion Bailout With No Review or Oversight Whatsoever  Bob Chapman | The system must be purged, and the dollar rescued, although we believe it is probably too late for the latter.

Banking System Will Need Another $500 Billion or More: Gross Point Blank

Echoes Of Iraq War: Unbelievably as Always the White House Claims Bailout Will Pay For Itself

Refusing Dollar as “World Currency” Inevitable

New Home Sales Plunged 11.5% to 17-Year Low

German finance minister: USA 'will lose financial superpower status'...

FDIC May Need $150 Billion as Local Bank Failures Mount...

CBO’s Orszag: Bailout Could Deepen Crisis

China banks rationally told to halt lending to US banks

Europe and Japan rationally turn cold shoulder to U.S. plea for bank bailouts

Pakistan Fires On More U.S. Helicopters  AFP | The Pakistani military said the choppers had crossed into Pakistan at the Ghulam Khan area of North Waziristan.

Lawmakers agree on framework of $700bn bailout Barbara Ferguson I Arab News WASHINGTON: Despite a cacophony of protests from American taxpayers, US lawmakers said yesterday they had reached an agreement on the fundamentals of a proposed $700 billion bailout of the frauds on wall street.

PAPER: ISRAEL ASKED USA FOR GREEN LIGHT TO BOMB IRAN; BUSH IN A RARE MOMENT OF REGARD FOR AMERICA’S INTERESTS WISELY REJECTED...

Bailout: It’s all part of the New International Economic Order  Kurt Nimmo | Paulson’s bailout plan will ultimately reduce the average American to peonage.

Can you trust a Wall Street veteran with a Wall Street bailout?  McClatchy Newspapers | Paulson was part of the Gold Rush that has brought the global financial system to the brink of collapse.

Taxpayers React with Anger at Wall Street Bailout

Only 28% Support Federal Bailout Plan  Rasmussen | Most Americans are closely following news reports on the Bush Administration’s federal bailout plan for the country’s troubled economy, but just 28% support what has been proposed so far.

The Bailout Will Kill the Dollar

Top Economist Mishkin: Worse Than the Depression

The Fed is Making a Killing on Banking Crisis  The Fed is creating this “money” out of thin air and using it to buy US Treasury Notes and Bonds. The Treasury (i.e. US taxpayers) are on the hook for these securities plus interest. In other words, The banksters are a trillion dollars richer thanks to this bail out.

Leave No Rapacious Twit Behind: Soft Landing for the Elite, Hard Cheese for Everybody Else  For what is that basic plan: taking at least $700 billion of your money and giving it the same rapacious, ignorant twits — the financial terrorists — who have just blown a gargantuan crater in the global economy.

McCain Campaign Has Strong Ties To Corporate Lobbyists At Center Of Bailout

The Paulson-Bernanke Bank Bailout Plan Saturday’s $700 billion junk mortgage bailout is the largest and worst giveaway since a corrupt Congress gave land grants to the railroad barons a century and a half ago. If it goes through, it will shape the coming century by giving finance unprecedented power over debtors – homebuyers, industry, state and local government, and the federal government as well.

Financial terrorism II: Where do we land?  

 Senator Leahy and New York Times Criticize Paulson’s Shock Doctrine

Conflict Of Interest? Report Says Goldman Sachs ‘Among Biggest Beneficiaries’ Of goldman sachs man Paulson’s Bailout

Predictions vs. Reality in Iraq Ron Paul | I was wrong about Iraq. I knew it would be bad. I didn’t know it would be this bad (I warned unequivocally against the Iraq debacle). Project Censored #1: Over one million Iraqi deaths caused by US occupation Project Censored | Over one million Iraqis have met violent deaths as a result of the 2003 invasion, according to a study conducted by the prestigious British polling group, Opinion Research Business (ORB), rivaling numbers of the Rwandan genocide.

$23 Billion “Lost” in Iraq BBC | A US gagging order is preventing discussion of the war profiteering/theft

“U.S. drone” crashes in Pakistan, officials admit after initial denial

Pakistan blames US raids for hotel bombing

Pakistan Investigating US Marine Activity Inside Marriott Hotel Days Before Huge Bombing

Bailout of wall street frauds/criminals (let them pay) is financial equivalent of the Patriot Act Andrew Ross Sorkin | Treasury Secretary Henry Paulson Jr.’s $700 billion proposal to bail out Wall Street is the most amazing power grab in the history of the American economy. Paulson: Average American 'should be scared'...

U.S. Troops In Homeland “Crowd Control” Patrols From October 2st

Why is a U.S. Army brigade being assigned to the “Homeland”?  Glenn Greenwald | For more than 100 years — since the end of the Civil War — deployment of the U.S. military inside the U.S. has been prohibited under The Posse Comitatus Act.

NO To The Paulson-Bernanke Derivatives Scam Bailout

The shadow banking system is unravelling

Buffet’s senility has been evinced. What a shame! “Mortgage Fraud”: The Paulson Bail-Out Plan As retrieved from the Washington Post and numerous other sources, a satirical e-mail frames the proposed $700 billion Wall Street bailout as a Nigerian 419 scam. The author is unknown. Goldman's shares get suspicious boost pre-Buffett

The Fed is Making a Killing on Banking Crisis The Fed is creating this “money” out of thin air and using it to buy US Treasury Notes and Bonds. The Treasury (i.e. US taxpayers) are on the hook for these securities plus interest. In other words, The banksters are a trillion dollars richer thanks to this bail out.

Real Estate Bigwig Zell Sees 2009 Recession
Jack Welch says U.S. faces 'deep downturn'...

John le Carré: Britons have been ’stripped’ of civil liberties

Stocks Drop in Worst Two-Day Decline Since 2002...
Paulson: Crisis 'embarrassing for United States'...
Republican anger at 'financial socialism'...

CEO bludgeoned to death by mob of sacked workers...

Experts See a Need for Punitive Action in Bailout New York Times - By PETER S. GOODMAN As economists puzzle over the proposed details of what may be the biggest financial bailout in American history, the initial skepticism that greeted its unveiling has only deepened.
The Hanky Panky Paulson Sale Wall Street Frauds’ Journal
I Come to You, Cashmere Hat in Hand . . . Washington Post

FBI Investigates Four Firms at Heart of the Mess

Why Bailouts Won’t Keep the System From Freezing Up We already know that Wall Street firms have used fed cash to speculate or to buy failing competitors. As the economic crash gets worse, they may just park it in treasuries to try to save their own hides.

Grasping at Straws On Friday morning, Senator Christopher Dodd, the head of the Senate Banking Committee, was interviewed on ABC’s “Good Morning America.” Dodd revealed that just hours earlier at an emergency meeting convened by Secretary of the Treasury Henry Paulson and Federal Reserve chairman Ben Bernanke, lawmakers were told that “We’re literally maybe days away from a complete meltdown of our financial system.” Dodd added somberly, that in his three decades of serving in public office, he had “never heard language like this.”

Understanding the Crisis What caused this? It is a simple question, and yet answers are all over the map, as you might expect. Here’s mine in two words: fiat money. The word fiat means: out of nothing.

US generals planning for resource wars The US military sees the next 30 to 40 years as involving a state of continuous war against ideologically-motivated terrorists and competing with Russia and China for natural resources and markets, writes Tom Clonan

Goldman, Morgan Stanley Bring Down Curtain on an Era

Millions At Risk Of Foreclosure Fraud

Dollar Gets `Crushed’ as Traders Weigh Up Bailout

A Bailout to Nowhere The tremors come faster now. Candidate McCain mimics Herbert Hoover asserting that the economic “fundamentals” are sound, even as Wall Street asset Hank Paulson announces the latest lofting of US Treasury life preservers.

Washington, not just Wall Street, bankrupt: Obama

Financial terrorism: US taxpayers bail out Wall Street criminals In the weeks surrounding the anniversary of 9/11, the most terrifying attack on America’s soil, another attack on America’s citizenry is taking place: the systematic looting of the US Treasury to bail out American financial institutions.

Under Proposed Bailout, Feds Could Speculate, Nationalize Any Company or Industry, Or Do Anything Else They Want Using Taxpayer Money Just like Bush and Cheney have gotten us into oil wars and wars to protect Israel under the guise of being necessary to protect our national defense, Paulson and Bernanke could do anything they want by pretending it is for the stability of the financial markets, especially since no one could challenge their actions in court.

Dollar Weakens Most Against Euro Since 2001 on U.S. Deficit

Mike Stathis The Market Oracle September 22, 2008… As far as I’m concerned, anyone who doesn’t conduct a full investigation of this charade leading to several CEOs and other executives in prison with all of their assets being shuttled into America’s bailout fund doesn’t have what it takes to lead America anywhere except on its current course – downward. But it doesn’t really matter at this point anyway. Washington and the greedy bankers have ensured the end of what was once a great and proud nation filled with hope and opportunity. …

Mushroom Cloud over Wall Street Mike Whitney | No one knows what the political landscape will look like after the dust settles from this outrageous power grab.

Taxpayers React with Anger at Wall Street Bailout CNNMoney | When asked what they thought of the government’s proposal, most readers gave an overwhelming thumbs down.

Big Financiers Want Even More Taxpayer Money New York Times | Financial firms were lobbying to have all manner of troubled investments covered, not just those related to mortgages.

All Roads Lead To Hyperinflation

A New Resolution Trust Corp. for the Bankers? Kurt Nimmo | Congress critters, former Fed mob bosses want a public boondoggle along the line of the Resolution Trust Corp. to bailout the banksters

After the Rally "The important take-away from today is not Treasury Secretary Henry Paulson or Securities and Exchange Commission Chairman Christopher Cox" but that rallies are for selling, Jim Cramer told viewers. Cramer said the astonishing 779-point rally over the past two days can only mean one thing: sell. He advised viewers to spend this weekend evaluating their portfolios so that they are ready to sell their bad stocks on Monday and take profits in the winners. Cramer returned to a selling strategy he's used many times. He said to rank every stock in a portfolio from one to four.

9. The stocks you'd buy right now.
10. Those you'd buy on a pull-back.
11. Those you'd sell into strength.
12. The losers you need to sell right away.

After ranking all the stocks in your portfolio, Cramer advised selling 20% of your portfolio on Monday. He said that there should not be many stocks still ranked "one," after the huge rally the past two days….

 

Radical bailout plan has a jawdropping and understated price tag (AP)

Paulson Plan Could Cost Americans Over $1 Trillion

McCain says Fed should stop government bailouts

Ambac shares plunge on Moody's review (AP)

Bailout: What lawmakers heard (CNNMoney.com) Somber. Sobering. Warnings of an economic "meltdown."

Congress examines $700 billion market bailout plan (Reuters)

Administration Is Seeking $700 Billion for Wall Street New York Times - By DAVID M. HERSZENHORN WASHINGTON - The Bush administration on Saturday formally proposed a vast bailout of financial institutions in the United States, requesting unfettered authority for the Treasury Department to buy up to $700 billion …in worthless, fraudulent, previously fraudulently commissioned over and over in different forms, collateralized “securities”; what a scam/fraud/fraudulent wealth transfer, like the ‘walk on the moon fraud’, savings and loan fraud, illegal Iraq war-profiteering/scam/fraud war, etc. ...

Oil price jumps $25 in a day...

TREASURY NOW WANTS TO BAIL OUT FOREIGN BANKS?

New world on Wall Street CNNMoney.com - By Tami Luhby, CNNMoney.com senior writer NEW YORK (CNNMoney.com) -- And then there were none. Federal regulators converted Wall Street's remaining stand-alone investment banks - Goldman Sachs and Morgan Stanley - into bank holding companies Sunday ...

Gonzo greenspan's sins return to haunt us...
Europeans ridicule America's money meltdown...

Bush, McCain and the Old Iran-Contra Team: The Gang’s All Here

Stocks soar as wall street fraud celebrate escape from criminal accountability for now on gov't rescue plan (AP)

China Blames Wall Street Meltdown On Fed Overissuance Of Currency China’s state media today reports on the real reason behind the Wall Street meltdown and a subject that the mainstream US media dare not mention - the Federal Reserve’s overissuance of currency .

Impacts of the Financial Crisis: The U.S. Is Becoming an Impoverished Nation

‘Tent Cities’ Spring Up In The US Communities of homeless people living in tents are cropping up across the US

Hang On to Your Wallets! The Government is About to Rescue Us

The financial crisis is not over. Neither tax rebates nor low interest rates nor higher or lower exchange rates can do the job of reviving an economy that is burdened by insurmountably high debt loads.

Dodd: The United States  “Days Away from a Complete Meltdown of Our Financial System”

China Paper Urges New Currency Order After “Financial Tsunami”

Steinhardt’s Cilluffo Says SEC Short Sale Ban Won’t Help Stocks Banning short sales will fail to halt the plunge in stocks or the “exploitation of investors” by hedge funds

Ron Paul Blasts “Secret Government” Running Economy

Washington Mutual Next to Fall?

Paulson: Congress Has No Authority Here Like browny of Katrina fame, he’s doing a bang-up job.

'Bailout Mania'...
Meltdown triggers blame game in Washington...
Communist china to buy half of MORGAN STANLEY?
No bidders come for WASHINGTON MUTUAL...

FED ANNOUNCES $180B CASH FLOOD TO FIGHT CRISIS...
DER SPIEGEL: The foundations of US capitalism have shattered...
Democratic Congress May Adjourn, Leave Crisis to Fed, Treasury...
Reid: 'No one knows what to do'...

Vermont AG candidate says she would prosecute Bush for murder

International Heroe Mordechai Vanunu israeli nuclear whistleblower's jail term reduced (AFP) AFP - An Israeli court on Tuesday halved a six-month sentence against nuclear whistleblower Mordechai Vanunu, who spent 18 years in jail for divulging Israeli nuclear secrets/program/weapons.

Iran raps silence on Israel crimes PRESS TV

Report confirms Israel’s nuclear arsenal The Sunday Times has revealed that an Israeli factory beneath the Negev desert is manufacturing thermo-nuclear weapons for atomic bombs.The secrets of the subterranean factory have been uncovered by The Sunday Times Insight team.

israeli troops kill yet another Palestinian

In another provocative crime against humanity israel kills Palestinian teen: His brother died in similar circumstances six years ago

Why Would “Terrorists” Want To Decapitate Anti-US Leadership In Pakistan?  Paul Joseph Watson | Hotel bombing doesn’t make sense unless “Al-Qaeda” is working to advance Neo-Con political agenda.

Pakistani troops fire on invading U.S. choppers

The US top secret in Iraq and the Israeli connection

Nato plots rapid reaction force for 'next Georgia'...
...Russia hikes defense spending 25%

Another nightmare on Wall Street: Dow down 450

Wall St dealmaking intensifies as markets tumble

Banks rush to do deals as Wall St crisis deepens (Reuters)

Uncle Sam taps piggy bank, borrows to aid market (AP)

Housing construction plunges 6.2 pct. in August

With stock sinking, WaMu appears headed for sale

Worst is yet to come, investment strategist warns (at MarketWatch) SAN FRANCISCO (MarketWatch) -- An influential investment strategist has a dire forecast for U.S. stocks, credit markets and the continued independence of some of the nation's top financial institutions. In the deteriorating climate he sees unfolding, Gundlach said, the Standard & Poor's 500 Index

(SPX: S&P 500 Index (SPX 1,156.39, -57.21, -4.7%) could fall another 30%, giant Citigroup (C) could become an "AIG-sized debacle," Morgan Stanley (MS) would merge with a banking company, Wachovia (WB)won't be able to stand alone, default rates on even prime mortgages could soar, and European banks' woes are just beginning…

Reid Says `No One Knows What to Do’ to Solve Crisis Two time Nobel-prize winner and former chief economist of the World Bank, Joseph Stiglitz has warned that the current financial crisis will continue for at least another eighteen months and in many ways represents a worse situation than the one faced by Americans during the great depression of the 1930s.
Gold Rises Most in 8 Years as Investors Seek Haven From Turmoil

“There is going to be a new financial world order that will be born of this”

US Economy: Rudderless and Reeling From Direct Hits Paul Craig Roberts | The current financial problems have pushed into the background the larger problems of the US budget and trade deficits.
Federal bank insurance fund dwindling Associated Press | Additional failures of large banks or savings and loans companies seem likely, and that could overwhelm the FDIC’s insurance fund.

It’s a history-making financial crisis, and it’s not over yet

Run On The Bank? Americans Could Lose Their Deposits

Government steps in again, bails out AIG with $85B...
Text... DON'T BLAME US;
PELOSI ORDERS ANOTHER FAKE WALL ST. PROBE
Russian stock market crashes, then closes...

More Socialism for the Bankers: Fed to “Loan” AIG $85 Billion

Global realignment: How Bush inspired a new world order  The series of unfortunate and costly decisions made during the two terms of the Bush administration, combined with economic decline at home, will devastate the US’s already diminished world standing much sooner than most analysts predict.
Editorial: Losing a war and a sincere ally ANOTHER US airstrike in Pakistan, the fifth since the beginning of the month. And there are going to be more.

NIGHTMARE ON WALL STREET: WHO'S NEXT?
Stocks Slide Most in Six Years...   DOW DOWN 500+ POINTS...   FDIC monitoring impact on insured banks...   PUMP: Fed Injects $70 Billion of Reserves; Most Since 9/11...   WASHINGTON MUTUAL Cut to Junk......

Group With Big Pharma Ties Wants to Shut Down Vaccine “Conspiracy Theories”

Jesse Ventura Discusses Being Banned From TV And Interrogated By The CIA

Germany: Stern.de exposes CIA link to “Islamic” terror plot

West Bank israeli squatters/settlers thwart israel’s evacuation plan

Pakistan soldiers ‘confront US’ Pakistani troops have fired shots into the air to stop US troops crossing into the South Waziristan region of Pakistan, local officials say.

US agrees yet again to flawed self-destructive sacrifice for israel policy with sale of mini bunker-busters to Israel

Ukraine’s government falls apart

For prosecution of Bush war crimes, planning begins

Key Witness to WTC 7 Explosions Dead at 53

Latin America uniting against neocons of Washington

Cheney Scales New Heights of Hypocrisy

US a step closer to Iran blockade

Iran starts large-scale Air Force, air defense drills
US in ‘once-in-a-century’ financial crisis he helped create: says the inimitable, incompetent, gonzo greenspan

Lehman Bros files for bankruptcy

 

HELLSTORM IN HOUSTON... DEVASTATION... 4 MILLION WITHOUT POWER; COULD BE WEEKS... WINDOWS BLOWN-OUT D'TOWN... DETAILS... Commuter train, freight train collide in LA... 24 dead, 135 injured... Gas pushing $6 in Florida, elsewhere... Insurers brace for massive losses from Ike...

AP Enterprise: Drugs affect more drinking water

Weekly Leading Index Remains Solidly in Recession Territory

Last Gasp of a Doomed Currency

More on the Fannie/Freddie Heist

Lehman rescue fails, BofA buys Merrill for $44B (AP) A failed plan to rescue Lehman Brothers was followed Sunday by more seismic shocks from Wall Street, including a government-brokered takeover of Merrill Lynch by the Bank of America

Lehman set to go into insolvency

AIG, facing liquidity crisis, seeks Fed lifeline

Lehman Announces Bankruptcy Filing For Holding Company

U.S. stock futures drop as financial storm worsens

The U.S. on the Precipice

Fearful Financials: U.S. Financial System Leaving the Building. Was there ever a doubt?

Wall Street awakes to 2 storied firms gone

Weekly Street Sentiment: From Bad to Worse

Wall Street shaken by Lehman failure and Merrill sale

 

SUNDAY[!]: One of the most dramatic days in Wall Street history...
LIQUIDATE: Banks, Brokerages Prepare for Possible LEHMAN Bankruptcy...
ON THE BRINK...
BARCLAYS Abandons Talks...
Feds Balk at putting up taxpayer money...
CEO hubris contributed to meltdown...
BANK OF AMERICA reaches deal to buy MERRILL LYNCH for $44B....

Gonzo greenspan lauds his role in creating USA’s  'once-in-a-century' financial crisis...

 

HELL IN HOUSTON: LIGHTS OUT, NO DRINKING WATER, CURFEW...
AFTERMATH...
Race against time to save trapped...
Evacuees face long stays in shelters...
Insurers brace for massive losses...
Galveston stunned...

 

Sarah Palin Talks Lightly About Nuclear War  Moon of Alabama | The U.S. is officially attacking Pakistani citizens within Pakistan’s borders. Paul Joseph Watson | Family planning pioneer Marie Stopes advocated sterilization of non-whites & poor, sent love letters to Hitler; But respondents agree that most humans should be sterilized or killed

WALL OF WATER... 110MPH WINDS... WORST TO HIT TEXAS IN 50 YEARS... UPDATE... ADVISORY... DISCUSSION... TRACK... SATELLITE... RADAR... DETAILS... Insurers brace for massive losses from Ike...

Cramer: ‘Dysfunctional’ Banking System Puts U.S. ‘Totally’ at Risk of ‘Great Depression No. 2′ Lew Rockwell | Our political economy is rife with such catastrophes in waiting, yet the public always seems startled, and outraged, when the day of reckoning can no longer be deferred.

Bullish Sentiment Drops 30%

CBOE Put-Call Ratio Indicates Negative Outlook

Get Ready For the S&P 500 to Break Below 1200

U.S. Trade Deficit Surges; Boosts Likelihood of Recession, Job Losses

WaMu cut to "junk," sees $4.5 billion loss reserve (Reuters)

FEMA: The Plan to Kill America

Problem, Reaction, Solution in Pakistan  Kurt Nimmo | Sec. Def. Gates and the JCS declare the U.S. must kill more Pakistanis if CIA-ISI created terrorists in Afghanistan are to be defeated.

Olbermann: Bush Administration “Allowed 9/11 Attacks To Occur”  Paul Joseph Watson | MSNBC host slams brand name of 9/11™ that has kept constitutional crooks in office, “sociological pornography” of exploiting 9/11 images during Republican convention.

Bush: Iranians Are ‘A**holes’  Think Progress | The Bush Administration has resisted Adm. Fallon’s calls for more engagement with Iran, who instead continue to beat the drum for war.

US 'not winning Afghanistan war'

Bush OKs US raids into Pakistan — Gen. Kayani vows to protect sovereignty

US refuses to give Israel bombs fearing self-destructive Iran strike: report

WB settlers steal more Palestinian land

IKE POSING MAJOR THREAT TO GULF OIL PRODUCTION, REFINING...

LAST DAYS? LEHMAN STOCK IN FREE FALL...
RACE TO FIND BUYER OR INVESTOR...

Bush approved secret orders for Pakistan raids without approval from Pakistan government: report (Reuters)

Russia threatens to target US missile shield sites...
Two Russian bombers land in Venezuela...

Iran protests Israeli threat to kidnap Ahmadinejad

Editorial: Israel a law unto itself

Sex, Drug Use and Graft Cited in U.S. Interior Department

Nader Calls For New 9/11 Investigation

Recession will hit the UK economy this year, warns European Commission

Gonzo greenspan: His recession/depression Still '50 Percent or More' Likely
WASHINGTON MUTUAL TUMBLES 30% TO 17-YEAR LOW...
LEHMAN PLANS ASSET SALES...
PENNY STOCK: SIRIUSXM FALLS ON WARNING...
Another bull joins the bears  Commentary: Peter Eliades now says Dow could drop below 9,000
The birth of Wall Street's bailout culture…But the LTCM near-collapse and rescue set in motion Wall Street's unchecked rush to risk during the decade by signaling to the market that the government would ultimately come to the rescue…

IT'S FRIDAY... ANOTHER BANK FAILS Integrity Bank Becomes 10th U.S. Failure This Year (Update2) By Alison Vekshin and Ari LevyAug. 29 (Bloomberg) -- Integrity Bank of Alpharetta, Georgia, was closed by U.S. regulators today, the 10th bank to collapse this year amid a surge in soured real-estate loans stemming from the worst housing slump since the Great Depression. Wall Street enters month of peril with outlook clouded...
THE LATEST FRIDAY FAILURE FOR THE U.S. BANKING INDUSTRY:

US to take control of mortgage giants: reports Reuters - WASHINGTON (Reuters) - The US government plans to put troubled mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Times and Washington Post newspapers reported on Friday.
Questions, and Hope, on Plans for Mortgage Giants New York Times
Paulson Meets With Bernanke, Fannie, Freddie Chiefs (Update2)

Eleventh bank to fail (not counting Fannie and Freddie) is Nevada bank.

U.K. Economic Slowdown 'Worst in 60 Years'...

Bracing for Another Round of Credit Related Woes

Equities: Nightmare on Wall Street?

Hedge Fund Hell

Soft economy speeds newspaper decline, job cuts

What Is The Secret Killing Weapon In Iraq?  Paul Joseph Watson | Woodward compares clandestine program to Manhattan Project, could secret weapon be terrifying radiation canon?

Original Anthrax Patsy Says Ivins “Didn’t Kill Himself”

Liquid Bomb “Terror Plot” Collapses In Court Paul Joseph Watson | None of suspects charged with headline-grabbing plan to blow up airlines, alleged ringleader completely acquitted.

Pending home sales fall more than expected 3.2%

DOW PLUNGES AFTER WARNING OF 'FINANCIAL TSUNAMI'...

FANNIE, FREDDIE Bailout Near...

Loan Giant Overstated the Size of Its Capital Base

Fannie, Freddie blind to the bubble (AP)
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Government plan for Fannie, Freddie to hit shareholders

Treasury plan won't help Fannie, Freddie shareholders: Frank

Boeing machinists walk off the job as talks fail

Silver State Bank in Nevada is shut

FEDS TAKE OVER MORTGAGE GIANTS; SPEND UP TO $100B EACH?
CASH PUMP...
'ACCOUNTING METHODS INFLATED CAPITAL'...
WASHINGTON PUTTING ASIDE FREE-MARKET IDEOLOGY...

Slide in hiring plans is worst in 20 years, Manpower says

Stocks reverse gains as bailout optimism fizzles

CEO: Bailout Makes America 'More Communist than their buddy who they built China'...

Top Investor: Fannie/Freddie Bailout Serves "Bunch Of Crooks And Incompetents"  A leading investor has denounced the government seizure of two of the nation's largest financial companies as "madness" and says the move will only serve to make the markets more volatile and see house prices continue to go down.

Congress is about to pour lighter fluid on Iran

Brazil, Argentina drop dollar for bilateral trade

US waves goodbye to prosperity and democracy

Russia-China: SCO Military Alliance Challenges US-NATO Unipolar World

Almost 1,000 deaths this year in Mexico border city

The great war on innocents

16 US troops commit suicide in Iraq

Scientologists charged with fraud in France...

Update on CIA drug plane owned by “Donna Blue Aircraft, Inc”  Mark Frauenfelder | The crashed drug plane also has been linked to a Bush fundraiser.

Rangel had no-interest mortgage more than 10 years

Israeli PM 'should be indicted'
Gonzo greenspan, co-architect of today’s economic crisis/debacle: Don't use Fed as a 'magical piggy bank'...
Banks borrow more from Fed...

Economy Stays Stuck as Consumers Cut Back

Jobless claims jump unexpectedly

House price crash goes global

Russian units raid Georgian airfields for use in Israeli strike against Iran – report

Iran slams French OK for Israeli strike

'Israeli army too tired for another war'

Home foreclosures reach record high

FANNIE, FREDDIE Bailout Near...
Paulson Meets With Bernanke, Fannie Mae, Freddie Mac Chiefs...

Jobless rate jumps to 5-year high of 6.1%...
Mortgage Foreclosures, Delinquencies Rise to 29-Year Highs...

Bobcats claim foreclosed house in Southern California... The foreclosure market is getting wild in Lake Elsinore: "Taking advantage of a slump in local real estate, a family of bobcats has moved into a foreclosed Lake Elsinore home, lolling about on fences and walls and riveting an entire neighborhood."

Trying to Avoid Pain, Americans Have Only Delayed the Invevitable and Allowed the Cancer to Spread  I understand that people are afraid to face the fact that 9/11 and the anthrax attacks were inside jobs, because that would be painful.

Thai government censors Internet for national oppression/suppression not security'

Human Rights Watch Attempts to Pass Off Israeli Cluster Bombs as Russian

EU, Dependent on Russian Energy, Balks at Georgia War Sanctions

Deluded Saakashvili Expected U.S., Israel to Act as Knights in Shining Armor

Thousands of war veterans locked in British prisons

Editorial: Challenges to the Frauds on Wall Street

Gustav Economic Impact Worse than Katrina

UK depression this year, OECD says

Feds: hurricane sparks shut-in of 96% of Gulf oil output

 

Russia Web site owner killed after arrest

After “macho-man” dumb rusky putin’s widely photographed/publicized killing of a tiger, we now await photo-film image of putin lying prone with Rita Moreno/Carnal Knowledgeable/type accepting his hundred ruble bill while telling him he’s a real man and imploring his elusive erection. Strictly a totalitarian third worlder at best who longs for the failed ideologies viz., totalitarian communism, he was brain-washed into accepting/promoting in the past. Don’t forget, this is the same scurrilous putin who was behind the murder of the future of Russia in the persona of General Alexander Lebed.

Josef Stalin acted rationally in killing millions, claims Russian textbook
Kremlin announces that South Ossetia will join 'one united Russian state'...
GUSTAV PICKS UP STRENGTH AS IT PASSES OVER CARIBBEAN... WIDE STORM... GUSTAV TRACK... MODELS... WIND MAP... SATELLITE... 'EXTREME DANGER'... HANNA TRACK...
Feds Can Bar Mad Cow Tests: Court The U.S. government has the authority to bar meat companies from testing their animals for mad cow disease, a federal appeals court has ruled.The Department of Agriculture's failure to test more than a fraction of cows for the brain-wasting disease prompted one meat company to announce that it would test all of its bovines, the Associated Press reported.But the government turned thumbs down on that request, from Kansas meat producer Creekstone Farms. Bigger meat packers feared the move would force them to employ the costly test on all of their cows, as well, the wire service said.The U.S. Court of Appeals for the District of Columbia, in overturning a lower court ruling, upheld the government's right to prevent Creekstone from testing its cows, the AP said.

U.S. Kills More Kids in Afghanistan

Georgia admits dropping cluster bombs

Cops Arrest AP Photographer, Broadcaster At Start Of RNC

Putin who now is losing credibility fast warns against NATO navy boost made necessary by his own words and actions; he’s used to foes who carry no weapons at all (ie., that Tiger the ‘macho macho man’ recently shot is an example) and by his actions makes the case for shields and stepped up offensive capabilities as a deterrent to razputin. It’s time for this persistent obstacle to Russia’s future [the murder of General Alexander Lebed, brainwashed longing for failed ideologies of the past (ie., communism, etc.)] to get lost .

Razzie putin leads Russia down a dark path and it’s time for him to go! Indeed, so reminiscent is he of that other big game hunter and real man and novelist, Ernest Hemingway (who was in reality impotent and committed suicide) that he might consider a career as a novelist. FOR WHOM THE BELL TOLLS, RAZZIE PUTIN; IT TOLLS FOR THEE.

 

McCain Needs New Cold War

The Real Rate of Inflation is 13%  According to the method of actually looking at real prices instead of the “qualified estimates,” you will see that annual inflation in consumer prices is actually running at over 13%.

Nuclear Armaggedon: Jason Bermas Interviews Paul Craig Roberts  Infowars | If we don’t stop the insane neocons now, they will launch a nuclear war with Russia and end all life on the planet, warns Roberts.
FDIC may borrow money from Treasury Reuters | FDIC might have to borrow money from the Treasury Department to see it through an expected wave of bank failures.

FDIC's Problem Banks List Balloons (at TheStreet.com)
FDIC: 117 troubled banks...               Problem List...

Cities Debate Giving Away Public Infrastructure to Bankers

Russia may cut off oil flow to the West London Telegraph | Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU sanctions and Nato naval actions in the Black Sea.

Putin: U.S. Staged Georgian Conflict

Russian admiral: Our Black Sea fleet can destroy NATO’s group in 20 minutes

U.S. citizen was among Georgian commandos - Russian Military

Editorial: Israel’s threats to Lebanon

McCain picks Palin as surprise No. 2

Alabama governor in talks to avoid local bankruptcy

Stocks end lower on personal income data (AP)

Alitalia files for bankruptcy protection

Gas prices up as Gustav threatens Gulf refineries

Incomes drop sharply in July while spending slows

Protesters denied access to attorneys, forced to march in leg shackles, charges

Spring's economic rebound unlikely to last
Putin blames US for Georgia role Russian Prime Minister Vladimir Putin correctly blames u.s./israel of provoking the conflict in Georgia.

U.S., Russian Ships Square Off in Black Sea

Russia demands Georgian troops retreat in accordance with a French-brokered ceasefire t

U.S. Economy: Can’t believe that Growth Faster Than Initially Estimated on Exports The U.S. economy was falsely election-year reported to have expanded faster than previously estimated in the second quarter, helped by a weak dollar/surge in exports that will wane as Europe and Japan head toward recessions.

U.S. food prices to post biggest rise since ‘90

Pentagon can’t find $2.3 trillion  Paul B. Farrell | America’s economy is a war economy. Not a “manufacturing” economy. Not an “agricultural” economy. Nor a “service” economy. Not even a “consumer” economy. Yes, america’s Outrageous War Economy.

U.S. soldiers say they executed Iraqis  Reuters | Three U.S. soldiers killed four handcuffed and blindfolded Iraqi prisoners with pistol shots on the bank of a Baghdad canal last year.

Russia says number of NATO ships in Black Sea increasing
Dems Crack Down: ABC Reporter Arrested for Shooting Video on Public Sidewalk...

Iranian President Mahmoud Ahmadinejad renewed his verbal attacks on arch-foe Israel on Saturday, accusing it of dragging the world into turmoil and predicting its demise. "About 2,000 organised Zionists and 7,000 to 8,000 agents of Zionism have dragged the world into turmoil," Ahmadinejad told a rally in the central Iranian city of Arak carried live on state television. He said that if the West does not restrain Zionism, "the powerful hand of the nations will clean these sources of corruption from the face of the earth," without specifying which nations.

Russia warns NATO over build-up of warships in Black Sea
Russia recognizes S. Ossetia

How not to deal with Russia
Coalition Forces Begin Probe Into Claim u.s. forces killed 70 Afghan Civilians among many other civilians Killed

Neo-con war-mongers’ wet-dream come true: Russia to freeze military cooperation with NATO

Massive US Naval Armada Heads For Iran

Financial slowdown 'to drag on'
Obama’s choice fills CV gap

Clinton Advisers Skipping Obama Speech...

GALLUP Daily: Candidates deadlocked at 45%...

US anti-war protestors rally in Denver

Pelosi to protesters: 'Can we drill your brains?'.Yeh! pelosi need’s some...

UPDATE: Thatcher Has Dementia...

Washington archbishop rips Pelosi on abortion...

Ex-BOE Official Slams Fed, Sparking Hottest Jackson Hole Debate By John Fraher and Scott Lanman -- Former Bank of England policy maker Willem Buiter sparked the biggest debate at the Federal Reserve's annual mountainside symposium, saying the central bank pays too much heed to the concerns of financial institutions. ‘The Fed listens to Wall Street and believes what it hears,’ Buiter said yesterday in a paper presented to the Fed's conference in Jackson Hole, Wyoming. ``This distortion into a partial and often highly distorted perception of reality is unhealthy and dangerous.'' ... [OF COURSE BUITER IS CORRECT!] Wall Street bailout aid questioned at Fed event (AP)
Feds close bank in Kansas; ninth collapse this year...

Oil prices rise as commodity investors fear renewed cold war
View of economy somber from Fed mountain retreat

All US troops to pull out of Iraq by 2011

Documents reveal PR push for Iraq war preceded intel findings

US concedes Kremlin’s first military response in Georgia was “legitimate”  The US ambassador to Moscow, endorsing Russia's initial moves in Georgia, described the Kremlin's first military response as legitimate after Russian troops came under attack.

Russian Lawmakers Vote to Recognize Breakaway Georgia Regions

Russia Lays to Rest Papa Bush’s New World Order

NIST WTC 7 Report: Shameful, Embarrassing And Completely Flawed  Paul Joseph Watson | NIST fails to address why ground zero workers and media outlets had prior knowledge of an “extraordinary event” never before observed an hour in advance, plus myriad of other ignored issues.

Taiwan’s security concerns ahead

And None Dare Call It Treason—McCain Advisor’s Georgia Connection  Patrick J. Buchanan | Randy Scheunemann is the principal foreign policy adviser to John McCain and potential successor to Henry Kissinger and Zbigniew Brzezinski as national security adviser to the president of the United States.

Biden is Obama pick for running mate: reports

Are You Ready For Nuclear War?  Paul Craig Roberts | In order to keep the billions of dollars in profits flowing to its contributors in the US military-security complex, the Bush Regime has rekindled the cold war.

Russia Checkmates the Neocons  Kurt Nimmo | Due to Russia’s presence in Georgia and its renewed military relationship with Syria, the neocon plan to confront Iran and encircle Russia has encountered a speed bump.

COINTELPRO 2.0  Tom Burghardt | Congress kicked-off the summer with the shameful passage by the House and Senate of the FISA Amendments Act.

Cafferty Asserts the Truth and Says Saakashvili/america/israel Started it!

French troops ‘killed by Nato jets’

Buffett, others say high U.S. debt levels pose risks

Half the world economy - including the UK - is in recession or on the brink of it

Bernanke says inflation outlook "uncertain"

Moody's ratings cut latest blow to Fannie, Freddie

Buffett: We're still in a recession

Jim Cramer Goes Off On Everybody You Tube | Cramer calls out what he regarded to be fraudulent destruction of Freddy and Fannie, and directly implies that our economy is being illegally manipulated by insiders.

Oil jumps $5 on US-Russia tensions, sliding dollar

A grim forecast for heating costs

U.S. food prices to post biggest rise since ‘90

Leading indicators down .7%, unemployment near record levels, Economy remains stuck in low gear and heading lower.

List of Labor Camps Released to International Journalists in China

Crisis in the Caucasus. What Were/Are They Smoking in the White House? Eric Margolis | The U.S.’s most important foreign policy concern is keeping correct relations with Russia, which has thousands of nuclear warheads pointed at North America. 

NSA Security Officer: We Should Just Kill These People Richard Volaar | Wayne Madsen has an executive level NSA staff person on record saying that significant sentiment exists within the NSA to kill troublesome bloggers and journalists. Journalist says U.S. target was Al-Jazeera

Advisor to FBI in Anthrax Investigation Says Attack Was False Flag Terror George Washington’s Blog | Francis Boyle is convinced the October 2001 anthrax attacks that killed five people were perpetrated and covered up by criminal elements of the U.S. government.

The FBI Admits It Has No Case Against Ivins

Keith Olbermann Needs to Take Obama to Task for His FISA Betrayal Kurt Nimmo | Keith excoriates Bush and the neocons while saying Obama will be saddled with the yoke of the surveillance state.

Condoleeza Rice and the insult to international diplomacy  In the equation which makes up the odious, criminal and murderous Bush regime and its murderous, criminal and odious foreign policy, the constant factor is constituted by a teacher, promoted to positions way above her personal and intellectual station by a gullible fool/war criminal of a President

Schroeder blames ‘gambler’ Saakashvili for conflict

Blockades: Acts of War

Potential Obama VP Is Pro-War, Pro-Patriot Act Neo-Con

US accused of war crimes over torture methods

Fake-degree mill in anything for a buck u.s. leads to Saudi inquest

Syria: Time ripe for closer Russia military ties

Russia’s financial crisis of 1998 plotted by IMF

Russia's Georgia Campaign and the Expansion of NATO  Many are drawing analogies between the U.S.-led attack on Yugoslavia in 1999 and the Russian attack on Georgia earlier this month. Most, including Russian officials, do so to highlight the hypocrisy of Washington’s criticism of Russia’s action.

 NSA Security Officer: We Should Just Kill Troublesome Bloggers OpEd News | Wayne Madsen claims to have an executive level NSA staff person on record saying that significant sentiment exists within the NSA to kill troublesome bloggers and journalists.

News crew crashes Denver’s DNC concentration camp Stephen C. Webster | Police are preparing what a local political organizer calls a ‘concentration camp,’ laying in wait for mass arrests anticipated during the upcoming Democratic National Convention.

‘Peacekeepers to stay’ in Georgia SBS | Russia plans to deploy a peacekeeping force like those of the u.s. abroad/Iraq, etc., of unspecified size that will protect those targeted by u.s/israel/georgia.

Scientist Predicts Ice Age Within 10 Years

Arctic Ice Grows 30 Per Cent In a Year

PENTAGON CAN’T FIND $2.3 TRILLION  

Fabled Enemies: Spy Thriller Exposes Vast Intelligence Plot Behind 9/11

Fabled Enemies: An Examination of America’s Most Notorious False Flag Operation

Paul B. Farrell ARROYO GRANDE, Calif. (MarketWatch) — Yes, America’s economy is a war economy. Not a “manufacturing” economy. Not an “agricultural” economy. Nor a “service” economy. Not even a “consumer” economy.

Seriously, I looked into your eyes, America, saw deep into your soul. So let’s get honest and officially call it “America’s Outrageous War Economy.” Admit it: we secretly love our war economy. And that’s the answer to Jim Grant’s thought-provoking question last month in the Wall Street Journal — “Why No Outrage?”

There really is only one answer: Deep inside we love war. We want war. Need it. Relish it. Thrive on war. War is in our genes, deep in our DNA. War excites our economic brain. War drives our entrepreneurial spirit. War thrills the American soul. Oh just admit it, we have a love affair with war. We love “America’s Outrageous War Economy.”....

 

Highest crime rates in the world; war criminals; frauds; americans are inherently criminal in nature/genetically predisposed to criminal acts accross a broad spectrum [by way of somewhat imperfect analogy to describe this reality, somewhat akin to adverse selection (insurance term)].

 

Large U.S. bank collapses seen ahead  October 15, 2008 Reuters | The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months, former IMF chief economist Kenneth Rogoff said.

Merrill, Wachovia in Danger of Failing

Fannie, Freddie shares dive on bailout fears

Fannie, Freddie Slump on Concern Treasury Bailout Is Inevitable
The Strong Dollar Illusion Economists who now see American troubles spreading around the world are predicting that foreign central banks will ignore the gathering inflation threat and follow the Fed down the rate cutting path. Similarly, they argue that since the downturn began here, the U.S. recovery will likely be underway while the rest of world is still decelerating. These assumptions have prompted a rally in the dollar, a sell-off in gold, commodities and foreign stocks, and have cast doubts on the ability of foreign economies to “decouple” from the United States. Investors should not take the bait. America does indeed pose a global threat, but not for the reasons these economists suppose. Foreign economies are suffering not because Americans have slowed their voracious spending, but because they are defaulting on hundreds of billions of dollars of existing loans underwritten by lenders around the world.

Wholesale prices: Highest annual rate in 27 years

Euro hits six-month dollar low

Oil jumps above $114...

Wall Street pulls back as financials fall Associated Press | Though it comes as little surprise to market participants, there continues to be more bad news about the financial sector.

Ex-IMF chief says a large US bank to go under...

Meet the Economist Who Correctly Thinks We’re Doomed  October 15, 2008 New York Times | In 2006, economist Nouriel Roubini said the United States would likely face a once-in-a-lifetime housing bust, an oil shock, sharply declining consumer confidence and, ultimately, a deep recession/depression.

Housing starts expected to head lower again MarketWatch - By Rex Nutting, MarketWatch WASHINGTON (MarketWatch) -- The economic news in the coming week will probably confirm just what you'd expect: higher prices, weaker home building and a Federal Reserve that's stuck in a tricky position.

Analysts expecting large loss from Lehman: report

Morgan Stanley sees more finance crisis pain even beyond 2010: paper

Bracing for Inflation BusinessWeek - by John K. Castle Growing evidence suggests American consumers, businesspeople, and political leaders should all be bracing for double-digit inflation, probably as early as 2009.
Living Costs Rising Fast, and Wages Are Trailing New York Times
US inflation at highest since 1991 Financial Times

U.S. banking giant switches billions in debt to Britain to avoid paying corporation tax for 60 years

Daily Mail | Merrill Lynch might not pay any corporation tax for the next 60 years, it emerged today.

Russian General Says Georgia May Commit False Flag Terror Attacks  

Neocon Crybabies Steven LaTulippe | Given recent history, the rest of the world must be watching Washington’s anti-Russian hissy fit with slack-jawed disbelief in light of america’s war crimes.

Missile Defense: Washington and Poland just moved the World closer to War F. William Engdahl | Russian officials said Moscow could deploy its Iskander tactical missiles and strategic bombers in Belarus and Russia’s westernmost exclave of Kaliningrad if Washington succeeded in its missile shield plans in Europe.

Peacekeepers to stay’ in Georgia as Russia Wisely Perceives Neocon/american/israeli Militant Aspirations in the Region Including Georgia

Saakashvili may be put on trial in Russia  Russia Today | Russians afraid Saakashvili will be deemed mentally ill and will never face war crime charges.

Condoleezza Rice: Russia playing 'dangerous game' What has she been smoking/drinking/popping…..Ah eureka, the same as bush since everyone knows they were playing the safe game of war crimes in Iraq’ 

Russians 'Seize US Weapons Depot'  Russia claims to have seized a large depot of US-made arms near the Georgian town of Senaki, as the US Secretary of State flies to Tiblisi for urgent talks to try to bring the conflict with Russia to an end.

Russian military concerned by U.S. cargo flights which reasonably raise doubt as to whether same carry humanitarian aid to Georgia

The Neocons Do Georgia  Paul Craig Roberts | The neoconservatives represent the greatest danger ever faced by the United States and the world. Humanity has no greater enemy.

Neocons Up Nuclear War Ante with Poland Missile Deal  Kurt Nimmo | It should be obvious by now the Russians will no longer tolerate the U.S. deploying missile “defense” systems on their border.

Just imagine what u.s. reaction would be if Russia did same on canadian or mexican borders.

FLASHBACK: Solzhenitsyn accused U.S., NATO of encircling Russia in 2006

Flashback: U.S. Troops in Georgia to Stay  BBC | U.S. used the bogus war on terror to bulk up Georgia’s military years prior to its rape of South Ossetia.

Georgia war is a neocon election ploy

England Behind World War Three

Paul Craig Roberts on Russia Today: Washington Sanctioned Assault on S. Ossetia  Russia Today | Georgia wouldn’t have attacked South Ossetia without the green light from the U.S.

Russia accuses Georgia of plotting armed attack against Abkhazia  

Captured map shows Georgia planned to invade Abkhazia  Russian troops have discovered what they believe are plans for an invasion of Abkhazia in a captured Georgian command post vehicle.

Russia had no choice but counterattack in S.Ossetia - Gorbachev  Former Soviet leader Mikhail Gorbachev said Russia had no choice but to launch a counterattack to Georgia's offensive in breakaway South Ossetia, but it is still possible to find a political solution to the crisis.

Ukraine Threatens to Blockade Russian Ships  Times Online | Like Georgia, Ukraine’s pro-Western leadership is seeking membership of Nato in December.

Wag the Dog: How to Conceal Massive Economic Collapse

Consumer prices rise at double the expected rate

Contractors reap 85 bln dlrs from Iraq war: US report
Hair Samples in Anthrax Case Don't Match Clearly, Bruce Ivins was framed, killed (while in custody) like so many other microbiologists ….. CIA Had Killer Anthrax

U.S. Foreclosures Rise 55%, Bank Seizures Reach High

Europe teeters on the brink of recession

Crude Oil Rises a Second Day on Lower U.S. Gasoline Supplies

"President Bush, Will You Please Shut Up?"  The neoconned Bush Regime and the Israeli-occupied American media are heading the innocent world toward nuclear war.

This War Has Been Approved By Your Government  We Americans got a graphic illustration of the demise of any independent American corporate news media these past few days as the coverage on TV and in print was saturated with reports about John Edwards’ infidelity and, equally important, Russia’s invasion of Georgia.

White Americans to be minority in u.s. (what does that matter since americans are all niggers anyway) by 2042

mccain and the mob – cover-up

McCain: Worse than you think  He's despised by fellow Vets, especially fellow POWs, not only for cooperating with the enemy, but also for blocking every effort to make sure all American POWs were returned after the war.

Moral of the story (despite their lies to the contrary) - never invite criminal hillbillies like the clintons to a democratic party (or garden parties either) Clinton's name to be presented to convention Reuters Video: Hillary's Last Stand

obama suddenly sounding more republican like hillaryous Clinton, bomb this/that for greater Israel
Same As the Old Boss: Both McCain and Obama’s Advisors Want War in Georgia
McCain Adviser Was Lobbyist for Georgia

Is there some parallel universe where gates says there must be consequences for Russia’s defense of ethnic Russians in Ossetia under attack/killed by u.s./israeli puppet shockvilli/Georgia but not for u.s. war crimes in/illegal invasion of Iraq AND WAR CRIMINAL BUSH REFERS TO RUSSIAN DEFENSE  AND RESISTANCE TO AMERICAN/ISRAELI/GEORGIAN INCURSION/KILLINGS AS BULLYING (NOTE GRANADA, IRAQ, ETC., AMONG AMERICAN MARKS).

WHAT A DESPERATE, MEANINGFULLY LAWLESS, AND FAILED NATION IN DECLINE AMERICA MOST ASSUREDLY IS!

Key US witness will not testify again in Olmert case: ministry (AFP)
Lawyers to US witness against Olmert: Stay home (AP) (the bribe’s been paid) - Lawyers for an American businessman have recommended he refuse to testify again before an Israeli court in a corruption case against Prime Minister Ehud Olmert, according to a letter released Thu...

Israel planning to kill Hezbollah leaders: Nasrallah (AFP)

Russia orders halt to war, U.S. cancels exercise

Russian Cameraman: CNN Aired Misleading Footage Paul Joseph Watson | Broadcaster showed Georgian forces attacking South Ossetia, claimed it was Russians attacking Gori.

The BBC is deliberately distorting the News from the Georgia Region Chimes of Freedom | While the Ossetians claimed over 1000 dead the BBC neither reported this or any newsreel coming out of Ossetia showing the destruction caused by the Georgian shelling of the breakaway republic.

U.S. Arms Cache Found in Kyrgyzstan Kommersant | Observers are both pointing out reasons to be alarmed at the incident and reasoning that the United States has little reason to create a provocation in Kyrgyzstan but rationality is not the test  and doesn’t rule out the bloodthirsty war criminal acts of american criminals.

Using Georgia to Target Russia  Stephen Lendman | Welcome to the new wasteful Cold War and new Great Scam to fleece/fraud through continued/higher wasteful budgets/spending for same, what a new administration will inherit next year.

Russia: US gave nod to Georgia  Russia says that Georgia's attack on the independence-seeking region of South Ossetia was likely executed with the United States' approval.

LA Times: A classic example of Disinformation  The opinion piece in the online version of the Los Angeles Times (2008.08.12) is a clear and classic example of the type of material western readers are being bombarded with in what appears to be an orchestrated campaign of disinformation to shape public opinion against Russia. As was the case in Iraq, the Western public is being duped by what amounts to a perverse act of manipulation... and is guzzling the bait hook, line and sinker.

Bumbling british lapdog 2, brown, issues coded threat to Putin on G8 status

Largest International War Criminal Deployment Since 1991 Heads For Persian Gulf

Russia Today Website Targeted In Cyber Attacks

Attacks damaged or destroyed 70% of buildings - Tskhinvali mayor Around 70% of buildings in Tskhinvali, the capital of South Ossetia, have been damaged or destroyed since Georgia attacked the republic early last Friday, the city's mayor said on Tuesday.

Stratfor acknowledges Russia defeated US, not Georgian army in South Ossetia The USA acknowledged that Russia had virtually defeated the US, but not the Georgian army in South Ossetia.

Civilians perish as Georgian troops torch church The Regnum news agency is reporting that Georgian troops burned down a 10th century Orthodox church while terrified civilians perished inside.

Israel and the US behind the Georgian aggression. What else is new in the world?  There is an obvious Israeli involvement in the present conflict between Georgia and Russia. There are hundreds of Israeli military advisers in Georgia and this is not just the claim of the rather unreliable DebkaFile but also the more respected Ha'aretz expert Yossi Melman, the daily Ma'ariv and also the rather reliable website "News First Class" (NFC).

Civilian Genocide, Dead Americans Cost Of U.S.-Russia Proxy War  The truth behind who is primarily responsible for the bloodshed unfolding in South Ossetia and surrounding areas has been buried by the western corporate media. Georgian forces, with a green light from NATO and the support of American and Ukrainian mercenaries, launched a brutal attack targeting civilians and Russian peacekeepers timed to coincide with the opening of the Beijing Olympics so as to temporarily deflect attention before the inevitable Russian response, by which time the global media machine kicked into high gear to smear Russia as the villains of the entire piece.

War criminals bush/cheney/america have no credibility vis-à-vis Russia especially since U.S. Attacked Russia Through Client State Georgia  Indeed, Russia need only invoke the bush/cheney/israeli/american doctrine of preemptive war which has been tacitly and overtly endorsed worldwide even when tenuous premises are used to buttress same and even when proven blatantly and knowingly false.

Georgia 'overrun' by Russian troops; full-scale ground invasion begins...  
US military surprised by speed, timing...

DEFIANT/RATIONAL PUTIN CORRECTLY ACCUSES USA OF 'HELPING GEORGIA'..

American Mercenary Captured By Russians An American mercenary has been captured by Russian forces along with a number of Georgian soldiers according to a report from the Russian news website Izvestia, providing more evidence that the U.S. and NATO are covertly supporting the Georgian army in a proxy war with Russia.

Did the U.S. Prep Georgia for War with Russia?  Georgia and Russia are careening towards war. And the U.S. isn't exactly a detached observer in the fight. The American military has been training and equipping Georgian troops for years.

US hampering Russian peace efforts – Putin The Prime Minister has accused Washington of undermining Russia’s attempts to restore peace in the South Ossetian conflict zone. Vladimir Putin said a decision by the US military to fly 800 Georgian soldiers from Iraq to Georgia showed America was ‘trying to get in the way’.

US needs international law

American Mercenary Captured By Russians cia and mercenaries, americans/israelis stoking flames of war…Paul Joseph Watson | NATO instructor taken hostage with Georgians amid reports of U.S. military commanding thousands of mercs in proxy war.

Israeli gunships fire at fishing boats Israel's naval gunships opened fire yesterday at fishing boats near Rafah shores in southern Gaza Strip, witnesses said. Palestine-Israel, Politics, 8/11/2008

EU: Israel's decision for more settlements undermines peace The construction of settlements anywhere in the Occupied Palestinian territories, including East Jerusalem is illegal under international law, the French EU Presidency statement read. Palestine-Israel-European Union, Politics, 8/11/2008

Ahmadi-Nejad for new international organizations to manage affairs, UN and others are obsolete

Israel uses bombs against West Bank demonstrators - Yahoo! News - Yahoo! News

Iraq demands US set troop pullout time

Editorial: A war and its innocent victims

U.S. Headed Toward Bankruptcy, Says Top Budget Committee Republican  October 15, 2008

Fannie Mae posts another huge loss
america is sinking fast

US foreclosure filings surge 55 percent (AP)

One Third of New Owners Owe More Than House Is Worth

Detroit house sells for $1.00

Alan ‘the senile and incompetent architect of today’s economic crisis’ Greenspan's Meaningless Statistics Seeking Alpha

Oil rises to near $117 on falling inventories

Oil prices rise on supply worries
CRUNCH: FDIC May Need Additional Cash From Banks to Replenish Insurance Fund...

Priming the PUMP with worthless dollars for election year: Fed auctions another $25 billion in loans...
Third of New Homeowners Owe More -- Than Houses Are Worth...

June trade gap shrinks despite oil price surge (riiiiight; what bull s**t!).

JPMorgan has $1.5 bln in Q3 mortgage asset losses  JPMorgan shares tumble on widening 3Q losses (AP)

Prudential Financial to take $125M charge in 3Q (AP)
Bank of America shares fall on credit concerns (AP)

[$$] Bank Stocks Drop Anew Amid Worry Over Falling Home Prices (at The Wall Street Journal Online)

China to overtake USA as largest manufacturer...

Ford told FBI about panel's doubts on JFK murder but signed false warren commission report anyway and was rewarded with v.p./pardon/presidency r

U.S. Attacks Russia Through Client State Georgia  

Evidence of U.S. Military Presence in Georgia

International war criminal nation israel backs Georgia in Caspian Oil Pipeline Battle with Russia

US-led soldiers kill 5 Afghan civilians

Trillions Lost in Recent Economic Failures  Bob Chapman | The credit-crunch is getting worse instead of better, as is the real estate-subprime debacle which will soon morph into the Option ARM debacle.

29 States Face Total Budget Shortfall of at Least $48 Billion in 2009

MORGAN STANLEY Said to Freeze Home-Equity Credit Withdrawals...
Insurer AIG posts large loss on bad mortgage bets
Freddie posts 4th straight quarterly loss and slashes dividend

Anti-War Website Operator Threatened By Armed Thugs  

Get Outraged And Get Active About Internet Censorship  Paul Joseph Watson and Kurt Nimmo | New contest gives you the chance to educate millions about the growing threat to freedom of speech on the web which is the only place people can get reality/truth in this age of decline/dumbing down.

Law Professor: Counter Terrorism Czar Told Me There Is Going To Be An i-9/11 And An i-Patriot Act Steve Watson | Amazing revelations have emerged concerning already existing government plans to overhaul the way the internet functions.

Marching Off Into Tyranny Paul Craig Roberts | The hour is late. Gullible Americans are being marched off into tyranny as the promised land of safety.

US refuses Israel arms to attack Iran N-sites JERUSALEM: The United States in a rare lucid rational moment wisely turned down Israeli requests for military hardware to help it prepare for an attack on Iranian nuclear facilities, a front-page report in Israel’s Haaretz newspaper...

The Anthrax Attack Was a Classic False Flag Operation Targeting Arabs

The Real State of the US Economy  When Henry Paulson agreed to leave his job as chairman of the powerful Wall Street investment bank, Goldman Sachs to go to Washington as Treasury Secretary in 2006 he demanded extraordinary powers as de facto economic czar. He’s done a bang-up job, don’t you think.

Bear Stearns Tell All Blames Goldman Sachs and Hank Paulson For Bear's Collapse

Inflation hits a 30-year high

Small Florida bank is 8th U.S. failure this year
Jobless rate highest in 4 years, payrolls drop  U.S. Economy: Jobless Rate Rises to Four-Year High

[$$] Federal, Florida Regulators Close First Priority Bank (at The Wall Street Journal Online)
Greenspan Says Falling Housing Prices Are 'Nowhere Near' Bottom...  

DEPRESSION IS INEVITABLE NOW  October 15, 2008
Richard Viguerie: Bush White House Hides True Scope of Federal Deficit  Market Watch | “As shocking as the $482 billion deficit figure is, that’s still not the true scope of our budget woes because it excludes $80 billion in war costs and $227 billion borrowed from the Social Security Trust Fund.” Record U.S. Deficit: $490 Billion

JPMorgan loses $1.5 billion since July

Wachovia boosts loss to $9.11 bln, cuts more jobs

Evidence of the US Banking System Teetering on the Brink of Collapse
Home prices drop by record 15.8% in May...
The Cheney Doctrine Counterpunch | Some are in denial and disbelief over an all too real report by Seymour Hersh that Dick the sick Cheney had discussed the idea of having some Navy Seals dress up as Iranians, and then fake an attack.

Sheehan: I don’t care if it’s not proper to say “horseshit”; nation ‘teetering on financial ruin’

Iran threatens to shut Gulf shipping lanes

US threatens Iran with 'punitive' measures

Beijing Olympics: Britons arrested for flying pro-Tibet banners

PELOSI THE CORRUPT INCOMPETENT WITHOUT BALLS (LITERALLY AND FIGURATIVELY-HANDS OFF HER GODFATHER BUSH) FAILS TO CHART... Speaker Of The Flop: Pelosi Sells 2,737 Copies Of Book

The Dow Priced in Ounces of Gold: Secular Bear Market Since '99
 by Kirk Lindstrom from Seeking Alpha
Neocons Pressured FBI to Blame al-Qaeda for Anthrax Attacks
A second, far larger wave of U.S. mortgage defaults is building
Big hyperinflation (they’re printing worthles dollars like mad) sinks spending
Royal Bank of Scotland poised for biggest loss in UK banking history
‘EURANIUM’: The Weaponized Fiat Currency
El-Erian: Buy more foreign stocks Even in this century's darkest days of recession and war, U.S. households kept on spending. But one of the smartest investors on the planet says the American consumer is finally out of steam.

BOOK BOMB: FIRST FEMALE SPEAKER CHARTS #1,247 ON AMAZON SALES…which represents a modicum of hope in light of poor showing...
IMF predicts no end in sight to credit crisis  Radio Australia | The IMF has a particularly gloomy assessment of the US economy.

More Arrows Seen Pointing to a Depression  The American economy expanded more slowly than expected from April to June, the government reported Thursday, while numbers for the last three months of 2007 were revised downward to show a contraction — the first official slide backward since the last recession in 2001.

Jobless Rate Hits 4-year High...

GM posts $15.5 billion loss...
FDIC warns four banks over liquidity...
GM Has $15.5 Billion Loss on U.S. Sales Drop, Leases General Motors Corp. reported a second-quarter loss of $15.5 billion, the third biggest in its 100-year history, because of plunging U.S. sales and the declining value of truck leases. The shares fell as much as 11 percent.
Small Florida bank is 8th failure this year...
July auto sales spiral to 16-year low...

IndyMac Files for Bankruptcy Protection Reuters | IndyMac was the fifth of seven bank failures this year, the F.D.I.C. said.

Greenspan says more banks, institutions may founder

 

Stressed banks borrow record amount– $16B per day– from Fed Reuters | Banks’ primary credit borrowings averaged $17.45 billion per day in the latest week, the second straight week this had hit a record and up from $16.38 billion the previous week, Fed data showed.

Cheney, Neocons Considered Killing Americans in Pretext to Attack Iran Kurt Nimmo | Hersh admits not writing an article on this obvious act of treason because the neocons didn’t actually see their demented plan through.
Israel ready to attack Iran without USA’s permission

'Oil price may hit $500 a barrel'
Friedman: Iran war may prompt $300 oil

Judicial Suit against US Gov’t. On Behalf of Imprisoned Border Agents Jim Kouri | Ignacio “Nacho” Ramos and Jose Alonso Compean are two Border Patrol agents shamelessly prosecuted by the U.S. government for shooting and wounding a Mexican drug smuggler.
Outgunned Border Patrol Agent Held at Gunpoint by Mexican Military

Bush the incompetent, war criminal, budget buster (with substantial congressional help) Calls for New Highway Tolls, More Private Funding of Roads
Dennis Kucinich Responds to Nancy Pelosi's Statements - Re: Impeachment WARNING: Pelosi's obfuscation may cause projectile vomiting! Put on a wetsuit!

The Dangers of Neo-Conservative Economic Policies

The Military-Industrial Complex: It’s Much Later Than You Think Most Americans have a rough idea what the term “military-industrial complex” means when they come across it in a newspaper or hear a politician mention it. President Dwight D. Eisenhower introduced the idea to the public in his farewell address of January 17, 1961.

FCC rules Comcast violated Internet access policy

IOC being grilled on Internet censorship

Olympic Committee feels media heat on Internet restrictions...
'Not going to make an apology'...
Activists Jailed Before Games...

European Confidence Drops Most Since Sept. 11 Attacks

Queen's stockbroker raided by police and city watchdogs in biggest ever crackdown on insider trading

House panel votes to cite Rove for contempt

The Lie of the Century  Michael Rivero | The Downing Street Memo is only the beginning of the proof we were all lied to.

We Are Change Confronts Pelosi on Not Pursuing Impeachment  We Are Change | Nancy Pelosi was brought into the House in order to push for impeachment as well as an end to the war in Iraq… to date, she has done none of this.

America’s house price time bomb BBC | Faced with seemingly never-ending falls in the value of their properties, some American home-owners are taking radical action; they are choosing to walk away from homes and their mortgages.

Britons ‘Skipping Meals Due to Money Worries’
Report: Ex-Mossad chief says strike on Iran could devastatingly 'affect us for 100 years'
US assures Israel Iran strike on table

Olmert's vow to quit shakes peace talks Another israeli excuse for no peace. After all, corruption/obsessive love of money/ crimes nothing new for the Christ-killing jew. Reuters - By Allyn Fisher-Ilan and Adam Entous JERUSALEM (Reuters) - Middle East peacemaking was in turmoil on Thursday after Ehud Olmert, dogged by corruption probes, said he would resign as prime minister after his party picks a new leader in September.
Video: Raw Video: Israel's Prime Minister to Step DownVideo: Raw Video: Israel's Prime Minister to Step Down AssociatedPress

Israeli settlers in West Bank defy promise Christian Science Monitor

5 olympic athletes fail gender test...

RIP: Alexander Solzhenitsyn Infowars | A compilation of news reports, images, and quotes on the passing of Alexander Solzhenitsyn.

ICC indictment of Omar Bashir ‘unwarranted’

 

Bad News and Bank Runs  

FDIC takes over 2 more banks, closing 28 branches...
Wall Street analysts see bigger 2008 loss for Merrill

Merrill Lynch forced to take emergency action ahead of writedown

Billion-dollar bankruptcies highest since 2003 and record high rate predicted through 2010

Quantifying Inflation by Zigler from Seeking Alpha
AP Business Highlights A private research group says that Americans remain the most pessimistic about the economy since the tail end of the last prolonged recession 16 years ago. But economists warn that the slight uptick, which reverses a six-month slide since January, is likely to be only temporary and doesn't signal the beginning of a rally…Yahoo… the survey only has weak correlation with actual spending, so Briefing.com does not put too much stock in the report.
Acts of War The war between the United States and Iran is on. American taxpayer dollars are being used, with the permission of Congress, to fund activities which result in Iranians being killed and wounded, and Iranian property destroyed.

Congressional Approval Falls to Single Digits (9%) for First Time Ever

Private contractors steal billions from Uncle Sam

Perle the neocon criminal and Iraq debacle co-architect Linked to Kurdish Oil Plan

Ahmadinejad Condemns World Powers for Expanding Atomic Arsenals

Nationwide shutdown of BENNIGAN'S restaurants....
STARBUCKS to shut majority of its Australian stores...

U.S. deficit to hit record US$490-billion next year

Bleak Housing Outlook...

US National Debt Limit Raised Ahead of Budget Busting Bailout Legislation

The U.S. budget deficit will widen to a record of about US$490-billion next year, an administration official said, leaving a deep budget hole for the next president.

FALL FASHIONS SHOW DEPRESSION-ERA CHIC...

NY GOV WARNS OF WORST ECONOMY IN DECADES...
kohlberg,kravitz,roberts seeks to foist their losses on public through…wall street pub. offering

If Iran is Attacking It Might Really be Israel  Philip Giraldi | Israel is willing to behave with complete ruthlessness towards the US if they feel that the stakes are high enough, witness the attack on the USS Liberty and the bombing of the US Consulate in Alexandria in the 1950s.

Iran not building nuclear weapons: Ahmadinejad

Are You Ready to Face the Facts About Israel?  On October 21 (1948) the Government of Israel took a decision that was to have a lasting and divisive effect on the rights and status of those Arabs who lived within its borders: the official establishment of military government in the areas where most of the inhabitants were Arabs.”

Force Israel to lift siege, Cabinet tells global community

The Real Reason that the U.S. Tortures People The U.S. has embarked on a coordinated policy of torture. The U.S. has rounded up scores of innocent farmers and other civilians -- including children -- in Iraq, Afghanistan and elsewhere and tortured them until they died, went crazy, or were disabled.

Bloodbath in Iraq

Justice report faults illegal use of politics in hiring federal prosecutors, judges

'Oil price may hit $500 a barrel'

UBS suspends U.S. fixed income head amid probes: report

Former hedge fund head files against Citigroup: report

Chrysler financial arm to stop leasing vehicles

Two more banks fail; Mutual of Omaha Bank buys deposits

BUSH SET TO SIGN BAIL OUT...
Biggest Bailout Package Since Roosevelt's New Deal...

Ben Bernanke’s Hush Money The bailout of IndyMac’s depositors will probably deplete 10% of the FDIC’s reserves. The Federal Reserve System backs up Congress. This is the heart of the threat to the solvency of the dollar.
WORRIED BANKS REDUCE BUSINESS LOANS...

Housing Bill Relies on Banks To Take Loan Losses (at The Wall Street Journal Online)

History: How the US Government Was Overthrown In Three Easy Steps  TocqueDeville | Having a global economy is great for pirates, but is devasting for democracy, sovereignty, and justice.

ACLU: ‘Mukasey calls on Congress to subvert Constitution’

China’s “balance of financial terror” against U.S.

COMMUNIST CHINA TO CENSOR INTERNET DURING GAMES

U.S. Senate Nationalizes More Private Banking Losses

 

S&P Puts Fannie and Freddie on Credit Watch Negative
Fannie, Freddie Subordinated Debt May Be Cut by S&P (Update3)
S&P warns on Fannie, Freddie debt, preferred stock MarketWatch

U.S. regulators seize two more banks, engineer sale WASHINGTON (Reuters) - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and credit crunch.

John B for Bull S**t Conyers and the Constitutional Clock Kurt Nimmo | Bob Barr says the constitutional clock is ticking. In fact, it stopped ticking some time ago.

Dam Breaks As Media Covers Impeachment Hearing

Bill Gates Supports Fascism With His Money

Angry Cindy Sheehan exits Judiciary hearing

Conyers the dumb incompetent: Judiciary Committee not holding 'impeachment hearings'

U.S. Foreclosures Double as House Prices Decline  

Economy heads for depression as growth slumps

Evidence of the US Banking System Teetering on the Brink of Collapse  

Housing report bruises frauds on wall street with reality but false report from corrupt, scandal-scarred, criminal commerce department (contrary to all expectations and contrary to all regional fed manufacturing indices which declined) provides fake report and fraudulent lift

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

Visualizing Dow 6,000

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

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

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

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

Home sales at 10-year low, jobless claims jump

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

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

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

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

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

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

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

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

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

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

Ron Paul on the Housing Bill - "The Mother of All Bailouts" Ron Paul talks about the bailout out of the housing industry and how it really just destroys the dollar and adds enormously to the debt.

US lawyer seeks to sue US over Iran threats

Judiciary Committee Head Rigs Bush Impeachment Hearings

Ford Posts Loss of $8.7 Billion on Asset Woes The Ford Motor Company, stunned by abysmal sales of its most profitable vehicles and a sudden shift in consumers’ tastes, said Thursday that it lost $8.7 billion in the quarter, its worst ever, and would overhaul its North American plants to focus on small cars.

Former Gitmo Prosecutor Says Trials Rigged

Police director sues for critical bloggers' names

 

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

House Judiciary Committee to Hear Kucinich Impeachment Resolution on Friday

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

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

Food stamp use soars in Massachusetts

TOYOTA beats GM in worldwide sales...

Pickens sees $300 oil unless U.S. cuts imports

 

Britney 'to play lesbian killer stripper' in Tarantino movie...
Behind the scenes of Hilton's mock ad...

 

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

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

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

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

 

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

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

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

Bank of America: Doubts Remain (at BusinessWeek)

 

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

UK economy heads for ‘horror movie’

Iraqis back Obama plan

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

Arab League slams ICC prosecutor

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

 

Paulson braces public for months of tough times

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

Trouble at Fannie and Freddie Stirs Concern Abroad

 

Threat of mass starvation looms in Zimbabwe after latest harvest fails

 

Israel soldier shoots arrested Palestinian on film (AFP)

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

 

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

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

 

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

 

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

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

American consumers squeezed by surging inflation

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

Oil prices rebound above $131 after 3-day drop

 

GM Retirees Left to Twist in the Wind  

Wachovia Securities raided in auction rate probe...

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

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

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

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

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

Spain Faces Worst Economic Crisis in its History

Total Chief Predicts $200 Oil In The Future

Report: Iran war will spark backlash

U.S.-led forces confirm killing Afghan civilians

Sovereign funds cut exposure to weak dollar...

Gas Lines Coming This Fall  

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

Inflation highest in 27 years  

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

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

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

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

 

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

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

 

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

Oil Falls Most in 3 Years as Slowing Economy Threatens Demand

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

Barak the israeli In Washington To Lobby For coup de grace america self-sacrificing/self-destructive for israel Iran Attack Israeli war minister Ehud Barak will visit Washington next week to meet with top U.S. government officials in what some are suggesting will be the final planning session of a military strike on Iran.

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

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

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

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

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

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

Financial ETFs Dip Lower

IndyMac seized as financial troubles spread

Obama says `little doubt' country in recession

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

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

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

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

FANNIE, FREDDIE FEAR...

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

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

THIS BUD IS... FOR EU!

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

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

Second-largest bank failure in U.S. history...

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

 

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

 

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

 

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

For instance, it was widely reported that several Israeli’s had been detained after recording the first plane strike and then celebrating the attacks. As the investigation began to widen, it was revealed that these detainees were part of a larger network of Intelligence operatives within the United States.

 This network was shielded from any attempts at a serious investigation and the discussion of Israeli spying was considered taboo within agency circles. Yet the Israeli spy network had not only targeted, but penetrated a multitude of government offices– including the F.B.I., the C.I.A., the Secret Service, and many, many others.

Evidence even points to the fact that this same ring of people were in possession of Top Secret Military codes possessed only be key members of the continuity of government– raising the question: who were the real terrorists on 9/11?

Fabled Enemies takes a powerful look at who carried out 9/11 and what their motives were.

 

Oil sets new trading record above $147 a barrel

FANNIE, FREDDIE FEAR...
$32 billion in assets...
UK At 'Serious Risk' Of Recession
PUMPING MORE WORTHLESS WEIMAR DOLLARS as Fed auctions $75 billion more...
Israeli soldiers kill unarmed Palestinian lad
OPEC: Expect Unlimited Oil Prices With Iran Bombing  
The head of the Organization of Petroleum Exporting Countries warned Thursday that oil prices would see an "unlimited" increase in the case of a military conflict involving Iran, because the group's members would be unable to make up the lost production.
Oil prices rally on tight supplies, Iran fears  
Credit Crunch: 'Worst Yet To Come'  
Right now almost every statistic is pointing in the wrong direction - the cost of living is rising, house prices are falling sharply, companies are laying off staff.
U.S. Foreclosures Rose 53% in June, Bank Seizures Almost Triple  
U.S. foreclosure filings rose 53 percent in June from a year earlier and bank repossessions almost tripled as deteriorating property values and higher payments on adjustable mortgages forced more people to give up their homes.
 Crude Oil Rises as Iran Test-Fires Missile, Dollar Declines  

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

Seymour Hersh: US Training Jondollah and MEK for Bombing preparation  

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

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

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

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

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

Pickens Sticks with $150 Oil...

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

Stocks drop after new record for oil prices (AP)

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

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

 

IndyMac Seized by US Regulators; Schumer Blamed for Failure Bloomberg - By Ari Levy and David Mildenberg July 12 (Bloomberg) -- IndyMac Bancorp Inc. became the second- biggest federally insured financial company to be seized by US regulators after a run by depositors left the California mortgage lender short on cash.
Regulator to run IndyMac while buyer sought Reuters
Government shuts down mortgage lender IndyMac The Associated Press

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

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

Dow's bear market run spells trouble for Wall St

Merrill says GM bankruptcy possible

Oil prices rise past $143 as US oil supplies fall

More job losses expected in June

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

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

 

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

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

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

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

Pentagon Official Warns of Israeli Attack on Iran  

Senior Pentagon officials are concerned that Israel could carry out an attack on Iran's nuclear facilities before the end of the year, an action that would have enormous security and economic repercussions for the United States and the rest of the world.
—In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%.

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

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

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

 

 

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

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

Stocks drop after new record for oil prices (AP)

Dow enters bear market as stocks slide

AP Business Highlights
Merrill says GM bankruptcy possible

Oil prices rise past $143 as US oil supplies fall

More job losses expected in June

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

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

 

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

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

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

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

Pentagon Official Warns of Israeli Attack on Iran  

Senior Pentagon officials are concerned that Israel could carry out an attack on Iran's nuclear facilities before the end of the year, an action that would have enormous security and economic repercussions for the United States and the rest of the world.
—In just the month of June, the Dow dropped 10.19%; the S&P fell 8.60%, and the Nasdaq lost 9.10%.

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

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

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

 

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

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

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

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

Pentagon Official Warns of Israeli Attack on Iran  

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

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

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

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

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

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

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

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

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

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

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

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

Widespread intimidation seen in Zimbabwe vote The Associated Press - HARARE, Zimbabwe (AP) - Roaming bands of government supporters heckled, harassed or threatened people into voting in a runoff election Friday in which President Robert Mugabe was the only candidate, ensuring he will remain in power despite ...
Mugabe the criminal/murderer (I told and warned of his nefarious/murderous/criminal nature years ago on this site) to confront critics (where are the hypocritical black activists) who when it comes to black crimes remain gutless and hence, without credibility whatsoever or balls

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

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

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

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

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

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

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

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

Israelis 'kill two in West Bank'

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

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

Online Journal | The next crisis is already beginning in the $62 trillion market for Credit Default Swaps. You never heard of them? It’s time to take a look, then.
Global Crash Coming  Lew Rockwell | The Fed and its partners in crime have inflated so much that they fear global hyperinflation — Zimbabweworld — and therefore have to counterfeit less, and won’t have their usual bailout tools.
RBS issues global stock and credit crash alert
Bush gets rock-bottom rating from Americans: survey
Royal Bank of Scotland issues global stock and credit crash alert

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

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

Sarkozy: no Mideast peace without sharing Jerusalem
French President Nicolas Sarkozy said an agreement between Palestinians and Israelis is possible, tomorrow, and that agreement would allow the two peoples to live side-by-side in peace and security.
Palestine-Israel-France, Politics, 6/23/2008

Iran: No logic to enrichment suspension requests
Iran's Foreign Ministry spokesman, Mohammad-Ali Hosseini said today "Israel is by no means in a position to threaten Iran." He made the remarks while commenting on Israeli boast of air show in the Mediterranean and scenario of air strike on Iran.
Iran-UN, Politics, 6/23/2008

Larijani: Iran supports stability in Lebanon
Iran's Parliament (Majlis) Speaker Ali Larijani said yesterday that Iran backs unity of all independent forces in Lebanon who are determined to restore stability in the country.
Lebanon-Iran, Politics, 6/23/2008

Patient put in morgue alive, Journalist gets 3 years sentence
"This extremely harsh penalty, even though partly linked to the absence of the journalist from the trial hearing, sends a dangerous signal to all journalists in the emirate," the organization said.
Qatar, Politics, 6/23/2008

India likely to sign Iran gas pipeline deal soon
Pipeline India is likely to sign an agreement shortly with Iran and Pakistan in connection with the $ 7.4 billion Iran-Pakistan-India (IPI) gas pipeline project.
Regional-Iran-India, Economics, 6/23/2008

China demolishes mosque for not supporting Olympics: group - WashingtonPost.com
Regional-China, Politics, 6/23/2008

Tensions rise between Tibetans, Chinese Muslims - LA Times
Regional-China, Politics, 6/23/2008

U.N. Nuclear Team to Inspect Bombed Site in Syria - WashingtonPost.com
Syria-UN, Politics, 6/23/2008

With a Word, Egyptians Leave It All to Fate - NY Times
Egypt, Culture, 6/23/2008

U.S. Network Falters in Mideast Mission - washingtonpost.com - WashingtonPost.com
Regional-USA, Politics, 6/23/2008

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

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

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

Stock markets threaten to break through 2008 lows

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

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

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

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

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

Israelis 'kill two in West Bank'

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

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

Online Journal | The next crisis is already beginning in the $62 trillion market for Credit Default Swaps. You never heard of them? It’s time to take a look, then.
Global Crash Coming  Lew Rockwell | The Fed and its partners in crime have inflated so much that they fear global hyperinflation — Zimbabweworld — and therefore have to counterfeit less, and won’t have their usual bailout tools.
RBS issues global stock and credit crash alert
Bush gets rock-bottom rating from Americans: survey
Royal Bank of Scotland issues global stock and credit crash alert
Ex-Bear managers charged, crackdown on mortgage fraud
'US fabricates intel to justify presence'
Thousands 'missing' in Tibet
Stocks rise, helped by oil price tumble But Sean Brodrick, a natural resources analyst for MoneyandMarkets.com, said, "oil bears and stock bulls alike are seizing on this news from China like drowning men grasping at lifelines." "I hope they can live with disappointment," he said in emailed comments. The effect is to raise China's gasoline and diesel prices by 46 cents a gallon, he said, and that's "probably not enough to have much impact on existing demand."

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

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


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

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

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

Zimbabwe opposition leader pulling out of election Morgan Tsvangirai, leader of the main opposition party in Zimbabwe speaks at a press conference in Harare, Sunday, June, 22, 2008. Tsvangirai said Sunday he is pulling out of this week's presidential runoff because of mounting violence and intimidation made it impossible to hold a credible poll. Tsvangirai announced his decision during a news conference in Zimbabwe's capital after thousands of ruling party militants blockaded the site of the opposition's main campaign rally in a now routine pattern of intimidation. (AP Photo/Tsvangirayi Mukwazhi)

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

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

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

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

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

Editorial: Specter of a new Cold War
Rice visit underlines failures

Official: Israel may be indirectly buying Iranian oil...

REPORT: Gore's personal electricity consumption 'up 10%'...Clear No vote as EU treaty fails
Talk show host Michael Reagan calls for murder of anti-war activist  
Just Your (Much Worse Than) Average Bear Market  
'Kucinich Vows to Introduce 60 Articles of Impeachment if Congress Fails to Act
Talk show host Michael Reagan calls for murder of anti-war activist Radio talk show host Michael Reagan is calling for the murder of political activist, Mark Dice, after hearing that Dice is mailing letters and DVDs to troops in Iraq. Reagan wants to pay for the bullets.

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

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

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

Foreclosures Rise 48% in May as U.S. Bank Repossessions Double
US inflation up sharply on gasoline
FHA Loses $4.6 Billion - Denies Insolvency

Dog Swept Up, Killed By NYC Street Sweeper…just another dog day afternoon in the big apple…no big deal...

Secret Plan To Kill Internet By 2012 Leaked?  
Sneak Peak - TRUTH RISING: The 9/11 Chronicles Part One  
Ireland Set To Vote On EU Dictatorship  
Democrats protecting Bush from impeachment: scholar  
An Ohio Democratic lawmaker and former presidential candidate has presented articles of impeachment against President George W. Bush to Congress. Thirty-five articles were presented by Rep. Dennis Kucinich to the House of Representatives late Monday evening, airing live on C-SPAN. "The House is not in order," said Kucinich to Speaker Nancy Pelosi (D-CA), upon which the incompetent, hypocritical, protector of godfather bush pelosi (she need not remind anyone of her i…talian –what makes them love facism- background or that she has no balls) pounded her gavel. "Resolved," Kucinich then began, "that President George W. Bush be impeached for high crimes and misdemeanors, and that the following articles of impeachment be exhibited to the United States Senate. (.pdf format) ...

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

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

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

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

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

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

Stocks fall sharply as oil prices surge...
'May peak at $150-170 soon'...
Corn hits new record...

Washington Post Mentions Obama's Handler Is Bilderberg
Make No Mistake: McCain’s a Neocon
McClellan to testify in House in CIA leak probe
Mainstream Media Blackout on Bilderberg Meeting
No Excuse For Lack Of Bilderberg Coverage
Iran Threatened After Gates Bilderberg Visit
Kucinich presents Bush impeachment articles
Deadly Fallout From Obama's Groveling Before Israel Lobby

Israeli Troops Kill 3 Freedom Fighters

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

HILLARY WAVES GOODBYE...
Milbank: A Thank-You for 18 Million Cracks in the Glass Ceiling...
'We Are Family'?
Supporters cheered, hundreds also booed, loudly...
Clinton ends historic presidential bid...
Vanquished...
Credit crisis still not behind Wall Street (AP)
Saudi Abandoned in Israeli Prison Refutes Accusations
DOUBLED IN A YEAR

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

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

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

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

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

Clinton's Road to Second Place  Wall Street Journal - By JACKIE CALMES WASHINGTON -- Sen. Hillary Clinton, once positioned to be Democrats'"inevitable nominee," won't be.
Clinton offers praise, does not concede USA Today
Obama: Triumphant end to long primary season San Francisco Chronicle
Chicago Tribune - The Associated Press - Reuters - Bloomberg
HILLARY: NOT TONIGHT...
 
MCCAIN: THE GENERAL ELECTION BEGINS...
Will compete for Clinton backers...
Obama Clinches Democratic Nomination...
Obama Speech: In Full...
Clinton juggernaut coughs and splutters to a halt...
Wants time to 'catch her breath'...
Iran not seeking to build nuclear weapons: Putin...
Bank downgrades, Wachovia ouster rocks markets
George Soros: 'We face the most serious recession of our lifetime'
Israel to build new homes in occupied West Bank to Sabotage the so-called Peace Process and further embarasses u.s. (Reuters)
When Will Israel Quit Pretending? Linda Heard Successive Israeli governments have perfected the art of announcing one thing and doing just the opposite. Almost every member of the Israeli leadership says a two-state solution on the lines of “the...
Report: Palestinian textbooks portray jews realistically (AP)
Ahmadinejad says Israel will soon disappear…AS RATIONAL, CIVILIZED, BENEVOLENT PEOPLE CHEER HIS WORDS...

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

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

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

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

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

Inflation-wary Fed looks ahead to rate increases
Former spokesman bashes Bush in new book
Study documents nearly 1,000 lies from Iraq war propaganda campaign
Former White House spokesman: Bush used 'propaganda' to sell war
FLASHBACK: Bush's 'Gulf Of Tonkin' Underlines Criminal Desperation For War
FLASHBACK: In 1999, Bush Craved Opportunity to Attack Iraq
FLASHBACK: Memos Prove Rumsfeld Directed Psychological Terror Campaign
FLASHBACK: The lies that led us into war
FLASHBACK: Downing Street Memo: Ministers were told of need for Gulf war ‘excuse’
White House reacts negatively to ex-aide's book...
Obama: McClellan 'confirmed what a lot of us have thought for some time'...
PELOSI: 'I TOTALLY AGREE'...
**VIDEO** Rove: McClellan Sounds Like Left Wing Blogger...
BARTLETT: 'TOTAL CRAP'...
Congressman: McClellan Must Testify Under Oath...
Bashed Tell All Memoirs, Before He Wrote His Own...
TV TOUR KICKS OFF ON NBC...
Book Roars to #1 at AMAZON.COM...

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

Top Source Says Bush To Strike Iran By August because as with the debacle in Iraq, they want to deflect attention from their gross incompetence, now war crimes, and the fact they don’t know what they’re doing which warrants disgust The Bush administration is planning to carry out air strikes against Iran by August and two U.S. Senators have already been briefed on the attack according to a report in the highly respected Asia Times, which cites a former assistant secretary of state and U.S. career diplomat as its source.
Spooks Promise Terror Attack For New President  Paul Joseph Watson | Both Clinton and Bush exploited bombings within first year of taking office, Obama or McCain likely to enjoy the same opportunity
U.S. Economy: Confidence Falls as Home Values Decline
Qurei': Borders of Palestinian state is 1967 borders
Head of Palestinian delegation for final status negotiations, Ahmed Qurei' said today that the borders of the Palestinian state is the 1967 borders, adding this is a fixed position and would never be changed.
Palestine-Israel, Politics, 5/27/2008
Najjar: Iran, Syria defense cooperation at highest level
Iran's Minister of Defense and Armed Forces Logistics Brigadier General Mostafa Mohammad-Najjar said today that defense cooperation between Iran and Syria is at the highest level.
Syria-Iran, Politics, 5/27/2008
Israel denies 94 percent of requests for West Bank building permits
the Israeli occupation forces wounded fifteen children and arrested nine Palestinians today in the Israeli ongoing offensive in the West Bank city of Qalqiliya
Palestine-Israel, Politics, 5/27/2008
Carter: Israel has 150 nuclear weapons
Israel has at least 150 atomic weapons in its illegal nuclear arsenal, according to former US president Jimmy Carter.
Iran-Israel-USA, Politics, 5/27/2008
Israeli demolition threatens 3,000 Palestinian homes: UN - Yahoo! News
Palestine-Israel, Politics, 5/27/2008
Barak Asks Olmert to Quit

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

FORMER WHITE HOUSE PRESS SEC. WHACKS BUSH IN BOOK...
In Book, Ex-Spokesman Has Harsh Words for Bush New York Times - By ELISABETH BUMILLER PHOENIX - President Bush “convinces himself to believe what suits his needs at the moment,” and has engaged in “self-deception” to justify his political ends, Scott McClellan, the former White House press secretary, ...
Bush misled US on Iraq, former aide says in new book Atlanta Journal Constitution
Ex-White House Press Secretary Scott McClellan Rips Bush, White ... FOXNews
Explores Bush cocaine rumors...
Blistering criticism of Condoleezza Rice...
PRICES DROP MOST IN 20 YEARS...

Single-family home prices tumble in March
GM, Ford stock extend slide on dimming outlook
New reports give bleak outlook on housing, economy
AS ALWAYS, A DAY LATE AND A DOLLAR SHORT IS THE INEFFABLY INCOMPETENT GREENSPAN: Greenspan says recession still likely in U.S.: report

Report: Buffet says US is already in recession (AP)

Carter sees superdelegates prompting Clinton to quit...
Hillary's Assassination Politics
Clinton could face uneasy return to Senate...
Obama Says Focus on Florida Her 'Last Slender Hope'...

Three Additional Superdelegates Support Obama KHON2
PNAC Think Tank Web Site Shut Down May 23, 2008 …It is pretty obvious why they would decide to take down the official web site for the think tank. The Rebuilding America’s Defenses document must be incredibly embarrassing for them and there’s little doubt that it has served as a public relations nightmare for the neoconservatives. When examining the 9/11 attacks, it is necessary to look at who had the most to gain. Clearly, the neoconservatives who came into power with the Bush administration back in 2001 had the most to gain and this particular document proves it. The neoconservatives are nothing more than war mongering, anti-American, big government terrorists that have brought ruin to this country. Either way, the removal of their web site looks to be an indication that their agenda is being discredited on a massive scale.

Clinton regrets (not really since the same represents her unspoken hope and  typical clintonian criminal desperation) RFK assassination remark

Clinton: Dazzling turns to fizzling
Clinton draws rebuke (which should be outrage) over RFK assassination remark

Israeli army kills three freedom fighters in Gaza: medics

Ford abandons '09 profit goal, recovery sputters

Moody's shifts debt analysts as banks complain: WSJ

Home prices drop, jobless rolls at 4-year high
Fed sees slower growth, higher unemployment in `08
Pentagon Cannot Account For $15 Billion
Increased U.S. airstrikes in Iraq killing more civilians
CIA Protects Al-Qaeda Group From Extradition Paul Joseph Watson | Jundullah organization, blamed for bombings in Iran, being advised by U.S. intelligence reports ABC News.
Oil Expert: By Summer, Oil To Hit $200 Per Barrel
Energy expert: Gas could reach $15 per gallon
Producers say $200 oil is possible as prices hit record three days running
Tony Blair 'moments from death' after Israeli fighter jets threatened to blow his plane out of the sky
HSBC raises gold, silver, platinum price forecasts
SHOCK: CLINTON RAISES ASSASSINATION ISSUE; DEFENDS LONG-RUNNING CAMPAIGN
HILLARY REGRETS...
SEE THE VIDEO...
SHE SAID SAME THING IN MARCH?
Iran: US conning Iraqis into slavery
China, Russia denounce US missile plans in Medvedev debut
War Abroad, Poverty at Home Paul Craig Roberts | The neoconized war party is destroying the economic prospects of American citizens.

US-Led Pseudo, Faux, Fake Capitalist System Headed for Collapse. Who could have missed that reality?
China, Russia condemn US missile defense...
Sign nuclear deal...
CONGRATULATIONS, AMERICA ... CHILDREN ARE BEING TORTURED IN YOUR NAME George Washington's Blog | 5-22-08 Over the last 24 hours, news about U.S. torture has been leaking out:

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

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

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

The U.S. has also tortured prisoners to death in Guantanamo, Afghanistan, Iraq and elsewhere.
Not bad enough for you? Well, the U.S. has imprisoned 2,500 children since 9/11 as "enemy combatants", in violation of the Geneva Convention against classifying children as POWs. Still not disgusted? Okay . . . Pulitzer-prize winning reporter Seymour Hersh says that the U.S. Government has videotapes of boys being raped at Abu Ghraib prison (see also this and this). This doesn't come as a complete surprise, given that assistant deputy Attorney General John Yoo has publicly argued that the president can order the torture of a child of a suspect in custody – including by crushing that child’s testicles. Congratulations, America. This is being done in your name. If you're not sick to your stomach by learning that your government has been killing and torturing people - including children - then you are a psychopath or a pervert. Don't try to tell me that torture is a necessary evil. It is well-known by professional interrogators that torture doesn't work. Experts on interrogation say that torture actually interferes with the ability to gather useful information.
COURT: TEXAS HAD NO RIGHT TO TAKE POLYGAMISTS' KIDS...
'OVERSTEPPED AUTHORITY'...
Failed to provide any evidence children were in imminent danger...
Oil to hit $200 a barrel, says ace Indian analyst
US opposes cluster bomb ban, backs 'technological fixes'
Uncle Sam Wants Thugs And Illegal Aliens Ethan Allen | It’s easy to see tyranny in motion when the U.S. military openly hires felons, and goes against its own policy to hire illegal aliens in return for citizenship.
The Bushes and Hitler’s Appeasement  Robert Parry | The irony of George W. Bush going before the Knesset and mocking the late Sen. William Borah for expressing surprise at Adolf Hitler’s 1939 invasion of Poland is that Bush’s own family played a much bigger role assisting the Nazis.
‘Dean of Oil Analysts’ Predicts $12-15-a-Gallon Gas
GOOGLE FOUNDER SLAMS MICROSOFT... WASHINGTON (AP) - Google billionaire co-founder Larry Page (correctly) criticized a potential Microsoft takeover of Yahoo, saying it would concentrate too much power in the online communications (microsoft is a known stifler/censorer of communications, email being but one example) market, stifling innovation and curbing competition…
Drug Cartels to Mexican Police: ‘Join Us or Die’  Associated Press | Wall Street drug cartels tell Mexican cops over their radios and recruiting banners to join them or face execution.
Teenager, 15, facing prosecution for holding a sign TRUTHFULLY labelling Scientology 'a cult’ albeit a government protected fraud/b.s. story (not a religion) for some strange reason indicative of american decline'
Gold price may double in long-term: Citigroup
Dollar Crumples As Oil Surges
Goldman Sachs Analyst: $200 Oil. Now passed $134, is there any doubt?
Oil crosses $129 for first time, heads for $130  Jerry Mazza | Goldman Sachs economists believe gas prices have taken the “punch” out of Bush’s absurd fiscal package.
Crude Oil, Gasoline Keep Setting Records Associated Press | “We’re looking at $4 a gallon (for regular nationwide) once we get past Memorial Day and into June.”
Dollar Declines as IMF Says Risks to Financial System Remain
BUMBLING dinosaur-war criminal bush Speeches Reflected an Inability to Evolve
How Empires Fall Paul Craig Roberts | US living standards collapsing, and the formerly indispensable omnipower now world menace will be just another washed up country.
U.S. Hiding True Unemployment Numbers
$12 GALLON GAS 'INEVITABLE'...
SUPER SPIKE: OIL $134...
OIL EXECS DEFEND...
AMERICAN to begin charging for first checked bag...
High gas prices drive farmers -- back to mules!
POLL: Obama leads McCain in November match...
Clinton fades away on television...
Syria and Israel start peace talks
Syria and Israel have started indirect peace talks, under the auspices of Turkey, Israel's Ministry Of Foreign Affairs said.
Syria-Israel, Politics, 5/21/2008
Bush reiterates support for Palestinian state
The Palestinian people have suffered for decades and have earned the right to their own homeland, US President George W. Bush says, and the United States strongly supports the creation of a Palestinian state based on the rule of law and social justice. Palestinian President Mahmoud Abbas stressed yesterday that the "right of return" is sacred and never be delayed.
Palestine-Israel-USA, Politics, 5/21/2008
Israeli strikes kill Palestinian boy and a man
Two people were killed in separate Israeli air strikes in the Gaza Strip on Tuesday.
Palestine-Israel, Politics, 5/21/2008
US support for Israel is in vain and quite stupid: Mottaki
Israel is declining and the US support for Israel is of no effect, Iran's Foreign Minister Manouchehr Mottaki said yesterday.
Regional-Iran-USA, Politics, 5/21/2008
Soltanieh submits Iran nuclear proposals to ElBaradei
Iran's envoy to the International Atomic Energy Agency (IAEA) Ali-Asghar Soltanieh today offered Iran's package of proposals to the IAEA Chief Mohamed ElBaradei.
Iran-UN, Politics, 5/21/2008
Israeli siege 'significant risk to public health' UK warns
Britain's Department for International Development has been monitoring the humanitarian situation in Gaza, warning its assessments show that it is "extremely serious and that there are significant risks to public health."
Palestine-Israel-UK, Politics, 5/21/2008
Oil prices could reach $140 by year end: CGES
Oil prices are likely to continue to rise reaching an average of 140.4 dollars per barrel (dpb) by the final quarter of this year should non-OPEC supply fail to meet pessimistic forecast, according to the Center for Global Energy Studies (CGES).
Regional, Economics, 5/21/2008
Saudis Rebuff Bush, Politely, on Pumping More Oil - NY Times
Saudi Arabia-USA, Politics, 5/21/2008
No agreement on Gaza truce: Palestinian official - WashingtonPost.com
Palestine-Israel, Politics, 5/21/2008
Israel to add 286 homes to WBank settlement - Yahoo! News
Palestine-Israel, Politics, 5/21/2008
Mutual Dismay Over Jewish Settlements:  Israeli Premier Seeks To Balance Growth - WashingtonPost.com
Palestine-Israel, Politics, 5/21/2008
U.S. ranks in lower half of Global Peace Index - LA Times
Regional-USA, Politics, 5/21/2008
Iraq Finds Its Arab Neighbors Are Reluctant to Offer Embrace:  Sunni States Refuse to Forgive Debt, Send Ambassadors - WashingtonPost.com
Iraq-Regional, Politics, 5/21/2008
Sunni Insurgents in Mosul Offered Amnesty and Cash - NY Times
Iraq-USA, Politics, 5/21/2008
U.S. Deploys a Purpose-Driven Distinction:  Reluctance to Identify Foes as Sadrists Reflects View of Iran and Fragility of Security Gains - WashingtonPost.com
Iraq-USA, Politics, 5/21/2008
Sons of Iraq? Or Baghdad's Sopranos? - LA Times
Iraq, Politics, 5/21/2008
In Iraq, U.S. apologizes for soldier using Koran in target practice - LA Times
Iraq-USA, Politics, 5/21/2008
US defends detention of children in Iraq - Yahoo! News
Iraq-USA, Politics, 5/21/2008
Iraq's Slow Refugee Funding Has Ripple Effect:  U.N. Says It May Scale Back Its Effort; Some Nations Have Withheld Payments - WashingtonPost.com
Iraq-UN, Politics, 5/21/2008
New Troops in Iraq Will Keep Number at 140,000 - WashingtonPost.com
Iraq-USA, Politics, 5/21/2008
War Takes Toll on Baghdad Psychiatric Hospital - NY Times
Iraq, Politics, 5/21/2008
Facts about the Golan Heights - LA Times
Syria, Politics, 5/21/2008
Audio Message From bin Laden Condemns Israel - NY Times
Regional-Israel, Politics, 5/21/2008
GCC Leaders Emphasize Commitment to Peace Plan
Ventura Attacks Media for Criticizing Free Speech
Gen. Odom: Military Analysts Can’t Defend Relationship With Pentagon ‘Because Of Its Conspiratorial Nature’
Israeli and US death squads infesting the world
Iceland tops list of peaceful nations, U.S. 97th
Bush Nazi Connection Mentioned on The View David Edwards and Muriel Kane | You family did not stop with supporting fascists and Nazis abroad, did they Mr. Bush? Surely you must know of your grandfather’s role in the treasonous plot of 1933 to overthrow democracy in America?
Obama wins Oregon, moves to brink of nomination
PRIMARY RESULTS:
KY...
OR...
OBAMA CROSSES DELEGATE THRESHOLD...
OIL FUTURES PASS $130 AS FEARS OF SHORTAGES WITHIN FIVE YEARS GROW...
U.S. gasoline prices hit record $3.79/gallon: survey
Pentagon 9/11 Flight 'Black Box' Data File Created Before Actual 'Black Box' Was Recovered
Ollie’s Ordnertruppen Kurt Nimmo | Fascism usually looks and smells about the same, no matter the country or period of time.
Federal Government Taking Bids On Construction Of Internment Camps Steve Watson & Paul Watson | Under pretext of immigration control, government building “family detention centers.”
Don’t Depend on Outsiders for a Settlement of Mideast Dispute
KURTZ: Feud Fuels Bill O'Reilly's Blasts at GE...

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

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

Florida, Michigan cannot save Clinton
Congressmen Highlight Mexican Commando Incursions Into U.S.
Two representatives have urged Congress to take action to address the worsening situation on the southern border which has been described by reporters and activist groups as "an all out war." Rep. Ted Poe, R-Humble, has urged the Congress to take action regarding the frequent incursions of military style Mexican commandos into the U.S. that has seen over 6000 deaths in the past two and a half years according to conservative estimates. The Houston-area Republican told the House Foreign Affairs Committee that members of Mexico's elite counter-narcotics teams, trained at Fort Benning, Ga., have defected and are now in the pay of drug cartels. Poe highlighted the fact that the guerrilla-style commandos are regularly crossing the border into the U.S. and have been involved in violence and killings as far north as Dallas.
Carl ‘THE KNOW-NOTHING DUMBSTER/GREENMAILER/DESPOILER’ Icahn will/is trying to destroy Yahoo
John Dvorak's Second Opinion: Carl Icahn will destroy Yahoo
Palestinians Have the Right to Exist as Well: Saud
Oil sets record near $128; pump price at high, too
Saudi Arabia rationally rebuffs WAR CRIMINAL bush on oil production
Neo-Con General Calls For Terror Attacks In IranFresh off the revelation of Donald Rumsfeld's 2006 audio tape admission that a method to reinvigorate the Neo-Con agenda would be another terror attack, Neo-Cons like Ret. Gen. Thomas McInerney, who was part of the Pentagon's "message force multipliers" propaganda program, have been calling for the Bush administration to commit acts of terror in Iran.
Concerns Over Posse Comitatus Violations
Iran Intercepts U.S. Terrorists Plotting Attack on Russian Consulate  Kurt Nimmo | It appears the neocons are attempting to drag Russia into the coming conflagration because Russia has cooperated with Iran.
U.S. Hiding True Unemployment Numbers  The Daily Reckoning | Maybe this “recession” thing is why the Labor Department reported that the U.S. lost another 20,000 jobs in April. In fact, the economy has shed 260,000 jobs since New Year’s Day!
Obama: Bush, McCain guilty of fear-mongering, dishonesty...
NOONAN: Republicans 'falling apart... dying'...
GOP Congressman: Bush Is 'Absolutely Radioactive'...

In Speech Before Israeli Parliament, bush, the criminally insane war criminal, the moron who has mastered the malapropism, in a comparison that would be as hitler might have condemned the Resistance, preposterously Compares Democrats To Nazi-Appeasers – if anything they could be compared to nazi/war criminal/bush facilitators
Ghoul jew-man joe lieberman Finds “Appeal” in Slaughtering Iranians
Israel’s 60 years of nuclear proliferation
Ahmadinejad says Israel doomed
Greenspan Says Oil to Keep Rising on Capacity Limits
U.S. Heading for Double-Digit Inflation
No End in Sight for Home Foreclosures
JPMorgan Chase CEO: Recession Just Beginning
Bank of England warns no more rate cuts before 2010 as credit crisis deepens
Bank of England: Get Ready for Increased Misery

Edwards gives long-awaited endorsement to Obama... THE TICKET?
FEEL NO PAIN: INFLATION 'EASES' (riiiiight…only the dumbest believe their lies) AS FOOD PRICES JUMP MOST IN 18 YEARS...

4.5 million Palestinian refugees living in 59 camps
PLO National and Relation Department said that the number of Palestinian refugees reached 4.5 million, of whom about 1.5 million live in 59 camps in Jordan, Syria, Lebanon, Iraq and the Palestinian territories.Palestine-Israel, Politics, 5/13/2008
No reason to celebrate 'Israel at 60': Palestinian NGO
Even after fifty years of living the Palestinian exile I still find myself astonished at the length to which official Israel and its supporters will go to suppress the fact that a half century has gone by without Israeli restitution, or acknowledgment of Palestinian human rights, Edward Said, wrote commenting on the "Israel at 50" celebrations in the US in 1998. Palestine-Israel, Politics, 5/13/2008
Arab Israelis status on 60th anniversary of Israel's establishment
50% of the population of Israel are opposed to the idea that the Arab and Jewish Israelis should enjoy equal civil rights, while 78% of them are opposed to the idea that Arab political parties should have representatives at government bodies Palestine-Israel, Politics, 5/13/2008
190 Palestinian children arrested in 2008
Media Office of the Nafha Society for Defending Detainees Rights and Human Rights said that the Israeli occupation forces arrested 190 children since the beginning of 2008. Palestine-Israel, Politics, 5/13/2008
Israeli bulldozers raze land in Hebron
Israeli occupation bulldozers bulldozed and destroyed today morning a piece of land south of the West Bank city of Hebron, in preparation for erecting a military site, local sources said. Palestine-Israel, Politics, 5/13/2008
Hosseini: Israel behind all regional crises
Iran's Foreign Ministry Spokesman Mohammad-Ali Hosseini said Sunday that all regional crises are the results of the Israel's racist and expansionist policy.
Iran-Israel, Politics, 5/13/2008
Iran-IAEA nuclear talks continues Iran-UN, Politics, 5/13/2008
Blackwater returns to Iraq
Guards for the security company, Blackwater, were involved in a shooting in September that left at least 17 Iraqis dead at a Baghdad intersection where outrage over the killings prompted the Iraqi government to demand Blackwater's ouster from the country. Iraq-USA, Politics, 5/13/2008
Supply fears push oil beyond $126
Crude oil prices have hit yet another all- time high in New York, tipping beyond $126 a barrel. Regional, Economics, 5/13/2008
60 years on, refugees visit lost Jerusalem homes - WashingtonPost.com Palestine-Israel, Politics, 5/13/2008
After 60 Years, Arabs in Israel Are Outsiders - NY Times Palestine-Israel, Politics, 5/13/2008
Palestinian Unit Battles Gunmen In Test for U.S.-Funded Program - WashingtonPost.com Palestine-USA, Politics, 5/13/2008
Iraq envoy rejects Democrats' anger over US funding - Yahoo! News Iraq-USA, Politics, 5/13/2008
U.S. military hits a wall in Sadr City - LA Times Iraq-USA, Politics, 5/13/2008
Iraqi officials: Turkey hits Kurdish bases in Iraq - WashingtonPost.com Iraq-Turkey, Politics, 5/13/2008
U.S. Army To Baghdadis: Do You Really Live Here? - CS Monitor Iraq-USA, Politics, 5/13/2008
Frustration and Deceit on U.S.-Iraqi Patrol in Mosul - WashingtonPost.com Iraq-USA, Politics, 5/13/2008

Gas prices up? All in your head, fake government data says
JPMorgan Chase CEO: Recession Just Beginning
Bank warns living standards are set to fall in face of soaring inflation and struggling economy
Clinton campaign acknowledges $20 million debt
Carville: 'I have undated check written out for Obama...'
Unnecessary Wars as is bush’s Iraq Debacle: How Empires Such as Britain and Now america Fall
Bugliosi: George W. Bush Should be Tried for Mass Murder

Einstein letter: Belief in God 'childish,' Jews not chosen people...
Obama promises no let-up in his competition with other candidates as to who can be the most american-self-destructively supportive of International war criminal nation israel
Ahmadinejad: Israel to be 'swept away soon'…YEAH!…..
Superdelegates put Obama within mathematical reach
Clinton status puts focus on her $20 million debt
Sands: Bush’s Architects Of Torture Are ‘Weaseling Out’ Of Responsibility For ‘Crimes’  
Obama Reveals His Naivety Apparently Not Knowing That bush/April Glaspie of the CIA Greenlighted Hussein’s Invasion of Kuwait Over Slant Drilling Setting In Motion The Current Debacle/Disaster in the Region and Vows to Model ‘Failed Job’ President Bush Did in First Gulf War
"A democracy which makes or even effectively prepares for modern, scientific war must necessarily cease to be democratic. No country can be really well prepared for modern war unless it is governed by a tyrant, at the head of a highly trained and perfectly obedient bureaucracy."
-- Aldous Huxley

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

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

HILL-BILLIES FOR CLINTON!
Michelle Vetoes Hillary for VP ...
Group pushing Clinton as VP choice -- tied to her campaign...
Michelle Vetoes Hillary for VP Over Health Concerns For Her Husband ...
Group pushing Clinton as VP choice -- tied to her campaign...

Israeli Airstrike in Gaza Kills 5 Palestinian Cops
Sinkable Israel

Citigroup aims to shed $400 billion of assets
Bulls Fall from Their Perch: Victims of Oil, Financials, New Bubble Attempt, and Overconfidence game e
Economy still weakening, data expected to show
Stocks headed for troubled waters from oil, consumption woes
Pappas Telecasting files for bankruptcy, blames CW ratings
South Koreans protest U.S. beef

BANK ORDERED CLOSED IN BENTONVILLE...
OIL RECORDS SMASHED: $126 BARREL...  
RISING GAS PRICES PROD MORE COMMUTERS ONTO MASS TRANSIT...
Bachrach: Everything I Hate About Myself I See in Hillary...
PSST! HILL THE MONEY IS DRYING UP...
Long Goodbye...
9 more superdelegates endorse Barack Obama Los Angeles Times - Barack Obama visits Bethlehem Brew Works in Pennsylvania last month. Although he isn’t the Democratic nominee, he will begin acting as if he is, his aides say, and may revisit the state and others that are considered important in the general contest.
Obama Takes a Victory Lap New York Times
'Super' surge for Obama Chicago Tribune
Obama overtakes lead in superdelegates for first time
Obama's magic number: 178 Chicago Tribune - It's the late campaign-season stretch, and mathematically, things are looking awfully good for Barack Obama. If he were a baseball team, he'd have a lead that no MLB club has blown before.
Obama visits House of Representatives CNN
Obama vows to seat Fla. delegates Baltimore Sun

MKs react to Olmert probe, call for his resignation By Haaertz Service Reactions from MKs regarding suspicions that Prime Minister Ehud Olmert illegally receiving hundreds of thousands dollars from an American businessman and fundraiser came pouring in late Thursday night, minutes after Olmert denied ...
Police investigate whether Israeli PM received money illegally CNN
Olmert Says `Never Took a Bribe,' Will Resign If Indicted Bloomberg

Israeli PM Olmert says he'll resign if indicted
Gen. Sanchez: Iraq policy driven by Bush reelection politics
Bill O’ Liar condemns blogger who says John McCain was never tortured because the ‘songbird’ sung to his captors regularly, and broke his arm jumping out of his downed plane, yet the only evidence he can supply is McCain’s broken arm
The Ruthless Id  John Steppling | McCain’s snarky rictus of a smile, his near pyschotic glare and his rigid and robotic body movements all reflect the collective malaise of the nation.
The Trilateral Commission: North American Group 2008
Gold futures rise, underpinned by soft Weimar dollar
Cancer Treatment Banned By U.S. Government
‘Ally’ Caught Spying on U.S. Yet Again  The arrest of a New Jersey engineer on charges of conspiracy to pass U.S. military secrets to Israel shows a consistent, continued pattern of spying on its major benefactor, the United States, according to espionage experts.
Olmert suspected of receiving funds
Gas Jumps Three Cents a Gallon Overnight
Ahmadinejad: Israel is a 'stinking corpse' and is 'on its way to annihilation'...
DEM RACE WAR:
HILLARY: WHITE PEOPLE SUPPORT BLACKS LIKE ME...
AUDIO...
Begala: We can't win with just 'eggheads and African-Americans'...
Donna Brazile Warns: 'Stop trying to split us into these groups!'

500,000? Burma death toll 'worse than Tsunami'...
McCain To Speak At La Raza Convention
Republican Nominee John McCain will speak at the annual conference of the National Council of La Raza (The Race), the extreme Hispanic lobby group that advocates a militant "reconquista" of the Southwestern United States.
Exit polls show signs that Limbaugh's minions turned out for Clinton
Russert Declares Obama Dem Nominee  Kurt Nimmo | Meanwhile, the ticker below Mr. Russert shows the other Bilderberg candidate, Clinton, a winner in Indiana.
All but Over for Hillary, Say Analysts
WHICH BITCH WITCH IS NUTTIER THAN A FRUITCAKE?
Stephanopoulos: 'Fight is over'...
TEAM OBAMA: Limbaugh Rocks The Hillary Vote...
John Kerry: 'Limbaugh was tampering with the primary'...
Ahmadinejad: Israel is a 'stinking corpse' and is 'on its way to annihilation'...

‘Ally’ Caught Spying on U.S. Yet Again
The arrest of a New Jersey engineer on charges of conspiracy to pass U.S. military secrets to Israel shows a consistent, continued pattern of spying on its major benefactor, the United States, according to espionage experts.

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

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

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

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

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

The Great Depression of the 2010s Darryl Robert Schoon | The chickens are coming home to roost; and the closer they come, the more they are looking like vultures.
Palfrey "Suicide Notes" A Contradiction In Terms Deborah Jeane Palfrey's alleged suicide notes were released today and given full court press by a corporate media that largely refused to cover her statements that she would never commit suicide and the statements of her friends and family who said she wasn't suicidal, but Palfrey's alleged reason for killing herself, that she would be "penniless" upon leaving prison, contradicts the fact that a multi-million dollar book deal was in the pipeline.
Buffett says U.S. in recession; banks to face pain
U.S. in "awfully pale recession," Greenspan quoted
Oil passes $120, gas prices slip more than a cent
Clinton strategists weigh 'nuclear option' to take out Obama at convention
Chertoff: Stop Complaining About the Fascist Control Grid Kurt Nimmo | DHS boss sick and tired of you griping about the loss of your Constitutional rights.
Fritzl kept sex slave daughter chained up with dog leash -- in dungeon SHE helped to build…so sordid, disgusting and horrific is this crime that I make an exception and report this single horrifying crime, yet the numbers of Iraqi children killed and maimed by american war criminals and war crimes based upon lies makes even this despicable crime pale in magnitude ...
...at least criminally negligent wife clueless
Soldier suicides could trump war tolls: US health official
Iraq says no hard evidence of Iranian support for militia
Oil passes $120 barrel...
NEW RECORD HIGH...

Rice Tells Israel to Halt Settlements
Obama says Clinton's talk on Iran too much like Bush's (AP)
Mideast Conflict: Need for a New Perspective
Are We, Yes We Are Thank God Witnessing the Death of Israel by a Thousand Cuts?
After 2 faint, Bill Clinton cracks joke about making 'em swoon...
Hillary: Rush Limbaugh 'always had a crush on me'...
CBSNYTIMES Poll: Support For Obama Rebounds...

Obama wins close race, beats Clinton in Guam (AP)
Guam goes to Obama; Clinton loses super
S&P cuts rating on Countrywide to wall street junk status (AP)
[$$] Downgrades Show Storm Isn't Over (at The Wall Street Journal Online)
Microsoft, Yahoo could reach weekend deal made in hell: with the failed op system vista under their belt, a monopoly to guarantee mediocrity at a high price, and an overeaching/censored/failure in their email endeavors which will despoil/ruin yahoo say experts/users/sources
Economy great — for pawnshops
Bank of England 'too upbeat' on credit crisis, says company that knows about/is experienced in such things, banking giant Citigroup
Macroeconomic Warning Goes Unheeded
Layoffs Rise 68 Percent in April
Government Hiring More People USA Today | As the private sector dumps workers, the Soviet States of America picks up the slack. This is so sadly true as the government, broke, incompetent, and corrupt is spending money they don’t have to pump the election-year numbers with the certain debacle to follow. Never mind these government workers don’t do/add anything of value.
DETAILS: REPUBLICANS CROSSING OVER TO VOTE IN DEMS' PRIMARY...

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

LA 'loses' to Pittsburgh in one air-pollution measure Los Angeles Times - But a new lung association report shows that the area still has much room for improvement. By Tami Abdollah, Los Angeles Times Staff Writer Mayor Antonio Villaraigosa strolled to the microphone, his jacket slung over his shoulder, a broad smile on his ... Region's Air Still a Problem, Study Finds Washington Post Three Bay Area counties get an F for fine particle pollution San Jose Mercury News
It’s yet another typically corrupt israeli as israel PM to face new police questions on corruption(AFP)
Israel minister rejects Gaza truce as Hamas chief killed (AFP)
April auto sales slump, truck sales plunge
White House admits fault on 'Mission Accomplished' banner
Citi offering signals more trouble ahead: analysts
Global press freedom, in lockstep with compliant u.s. press, declines in 2007: study
MORE CASH NEEDED: CITIGROUP to sell whopping $4.5 billion in diluting bubble stock...
Three Chinese banks in world's top four...
NOW HIRING: Governments employing new workers at fastest pace in 6 years...
Iran rationally dumps worthless U.S. dollars in oil transactions
Does the Federal Reserve Want Inflation?  Axel Merk | It is in the Fed’s interest to have a weak dollar. This is consistent with what we interpret to be Fed chairman Ben Bernanke’s disliking of the real money gold standard.
Olbermann On Bush's Deluded "Good Economy" Rhetoric
Jobs growth, despite election year priming/fake reports, has "ground to a halt"
Gulf States If Rational Will Drop Currency Pegs to Dollar, Kuwait Finance Minister Says...
'08 Stock Market Crash is only the beginning of troubles for America, leading to it's demise.
Economist: Coming economic shocks, our “astronomical” trade deficit, the falling dollar, and our out-of-control national debt owed to other nations, could spark depression

Rev. Wright Spot On: the United States Sold WMD to Saddam Hussein Kurt Nimmo | Rev. Wright was absolutely correct — the U.S. sold bio and chemical weapons to Saddam Hussein.
Troop deaths hit 7-month high in Iraq...
Economy puts heat on politicians Los Angeles Times - As prices rise and constituents call for action, officeholders float proposals and seek to deflect blame. WASHINGTON -- Rising anxiety over the economy, especially soaring gasoline and food prices, is forcing politicians from Capitol Hill to the White ...
Bush Says Pain From Economy Defies Easy Fix New York Times
Economy: lots of angst, little action Seattle Times
Activist group says China stepping up persecution, detention of ... International Herald Tribune - AP BEIJING: China has stepped up persecution of Buddhist monks with mass detentions, Tibet activists said Wednesday, a day after six monks were given lengthy prison sentences in the first trial of rioters since deadly violence in Tibet's capital last ...
China says Tibetan shot dead by police AFP
Two killed in Tibet-linked clash BBC News
Its Candidates Otherwise Engaged, Democratic Party Goes After McCain New York Times - Apr 28, 2008 By JIM RUTENBERG WASHINGTON - With no end in sight to the nominating contest between Senators Hillary Rodham Clinton and Barack Obama, the Democratic Party has begun its first sustained advertising campaign against Senator John McCain, introducing a ...
Bill Clinton Says Underdog Hillary Stayed Positively a dog in Pennsylvania …..because she is a dog... ABC News
Why do Americans hate Clinton? Because they’re lying criminals. But are there many more reasons you may affirmatively ask expecting the obvious affirmative response? Seattle Post Intelligencer
Home price decline shown
Detroit Free Press - BY GRETA GUEST • FREE PRESS BUSINESS WRITER • April 30, 2008 Home prices continued to fall nationwide through February, prompting concerns that the market bottom has yet to be reached.
Video: Home Prices Plunge by Record 12.7 PercentVideo: Home Prices Plunge by Record 12.7 Percent AssociatedPress
Housing prices post record declines CNNMoney.com
UK house prices see annual fall House prices in the UK have recorded their first year-on-year fall for 12 years, says the UK's biggest building society.
The British/american Tradition Of Principles Based Regulation (Like The Principle Of "You'll Keep Your Mouth Shut If You Know What's Good For You")

Investors see recession, Wall Street depression

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

$17B IN 3 MONTHS; RECORD PROFITS FOR OIL COMPANIES
OPEC says oil could hit $200; Cartel's president blames weak dollar...
Truckers protest high prices...
SURVEY: Gas prices top concerns over jobs, health troubles...
PAPER: Enthusiastic Hillary Supporter ORGANIZED Rev. Wright at Press Club...
S&P cuts NEW YORK TIMES to BBB on newspaper ad revenue...
Fed Auction Futile Act
Market Sages: The Worst Is Yet to Come
 
CIA Stonewall Agency Won't Release 7,000 Documents Related to Torture Program
Syrian envoy says CIA fabricated evidence
151 Congressmen Derive Financial Profit From War
Gasoline May Soon Cost $10 a Gallon  New York Post | Get ready for another economic shock of major proportions — a virtual doubling of prices at the gas pump to as much as $10 a gallon.
U.S. Credit Card Debt Soars to Unprecedented Heights  Epoch Times | Studies indicate that credit card defaults and related write-offs increased drastically since 2006. Today, lenders write off 33 percent more in credit card debt than they did two years ago
The food crisis begins to bite  The Independent | Rioting in Haiti. Rationing in America. Queues in Egypt. Protests in Afghanistan. As the price of food continues to soar, the impact is being felt by people around the globe.
Hayden Gets Hillary Wrong  Hillary Clinton is not a former anti-establishment “leftist,” but a slick minion of the New World Order
PA. BLAMES MISSING PRIMARY VOTES ON TYPICAL CLINTONIAN CLERICAL ERROR The Associated Press - HARRISBURG, Pa. (AP) - Pennsylvania election officials revised their unofficial vote count Monday for the presidential primary after determining that a clerical error had kept about 26000 votes out of the state tally.
Limbaugh’s “Operation Chaos” Harks Back to an Earlier Intel Operation  Rush Limbaugh is simply doing his part to make sure Hillary Clinton is installed
The Myth of al-Qaeda Now Recognized by Corporate Media  The mainstream media is hinting that the words ‘al Qaeda’ has simplistically become a metaphor for those that are fighting the US in Iraq and elsewhere and that ‘al Qaeda’ is not a specific organization that is led and organized by the equally metaphoric and very dead ‘Osama bin Laden’
XX OBAMA TAKES SENATE SUPPORT LEAD XX
DICK MORRIS: IS HILLARY... PREPARING TO RUN IN 2012?

Buffett says recession may be worse than feared Reuters | “This is not a field of specialty for me, but my general feeling is that the recession will be longer and deeper than most people think,” Buffett said. “This will not be short and shallow.”
OPEC president sees $200 oil possible: report
U.S. Credit Card Debt Soars to Unprecedented Heights
Syria says US reactor charges as fake as Iraq WMD claims
Oil strikes new record near $120 on supply fears
Israeli fire kills 4 children in Gaza: residents (Reuters)
MORE BULLISH NEWS FOR THE BAD NEWS BULLS ON WALL STREET
Eos Airlines Files for Bankruptcy, Plans to Shut Down Immediately Wall Street Journal - By SUSAN CAREY Eos Airlines Inc., a transatlantic, all-business-class airline, filed for bankruptcy protection over the weekend and said it will shut down Sunday, becoming the fourth US carrier to go out of business this month.
Eos Airlines files bankruptcy Reuters
Last Dawn For Eos Airlines Forbes
Israeli strike kills 4 Palestinian kids (AP)

Consumers, companies flash recession warnings as consumer sentiment at 26 year low, earnings down for third consecutive quarter, weak dollar, record trade and budget deficits
Syrian envoy says CIA fabricated evidence
Prosecutor: Pregnant teller wounded in robbery loses twins. Such crimes are rampant in california as well as the rest of the nation which can boast the highest crime rates in the so called civilized world (AP)
Palestinian girl killed in Gaza clashes: medics (Reuters)
International war criminal nation israel snubs Hamas offer of six-month Gaza truce (Reuters)
Official: 14-year-old Palestinian girl killed in Gaza clash (AP)
1 Palestinian killed in clashes with Israeli troops in Gaza (AP)
International war criminal israeli warplanes intensify flights over Lebanon Australian News | The Israel Air Force has dramatically escalated flights over Lebanese air space, in violation of international law.
Why this economic crisis is still far from finished  
NOONAN: Even Texas Turns On Bush...
PROMINENT BLACK CONGRESSMAN CRITICIZES BILL CLINTON...
'Bizarre conduct'...
Countrywide CEO Made $132M In 2007 Pay, Stock Sale...
Consumer confidence falls to 26-year low...
WIRE: Many states appear to be in recession...
Oil shortage in UK ahead of strike: 'Stations running dry'...
STUDY: Oil prices to double in next 4 years...
Many states appear to be in recession - The finances of many states have deteriorated so badly that they appear to be in a recession, regardless of whether that's true for the nation as a whole, a survey of all 50 state fiscal directors...
Unpaid utility bills soar as economy sags - Hundreds of thousands of utility customers are at risk of disconnections, utility companies in cold-weather states say.
Unprecedented Economic Risk: Stick to Multinational Investments
Arnold Confronted on Nazi-Ties  
US new home sales fall to more than 16-year low  
Wall Street Warns Americans To Begin Stockpiling Food  
CIA admits they will continue rendition program, which allows torture overseas  
Israelis Claim Contrary to u.s. Denials Secret Anti-Peace Agreement With U.S.
Limp Pig limpbaugh Calls for Riots at Denver DNC
Regulator Warns U.S. Bank Failures Could Rise Above “Historical Norms”
Wall Street Journal: Stockpile Food
Hyperinflationary Depression
Impeachment Now Or Apocalypse Later?
Delhi Snubs Washington Over Iran
Editorial: Clinton’s Threat to Iran If there were any doubt that if she made it to the Oval Office, Hillary Clinton’s term would be George Bush Mark III, the lady made it plain on the eve of Tuesday’s Pennsylvania primary…..
Israel braces for fallout from U.S. spy case by having aipac hand out new golden menorahs to members of congress just in case
Kidnappings soar in Mexico as drug gangs seek new income
Apple profit rises but margins a letdown
Credit Suisse Posts Loss, Losses Hard To Track
UPDATE: MICROSOFT Earnings Decline 11%; Concern about slowdown...
We Are Change Members Arrested For Asking Laura Bush A Question  
Condition of Riad Hamad’s Body Contrary to Suicide  
Murdoch Moving to Buy Newsday, Putting Him in Control of 3 of the Nation's 10 Largest Papers  
NY Post Smears Activist For "Wheelchair Assault" The NY Post is facing a lawsuit after it brazenly smeared a 9/11 truth activist for attacking a wheelchair-bound woman in New York last night, when in fact it was the activist himself who was beaten up by the girl's father according to eyewitnesses.
U.S. prison population dwarfs that of other nations and the fact is that the inherently criminal american crime population outside of prison also dwarfs that of other nations
Ahmadinejad: Doom will befall US economy
We Are Change Members Arrested For Asking Laura Bush A Question
Bumbling war criminal and liar bush: ‘We’re not in a recession.’
China's yuan hits new high against US dollar
Neo-Con Hillary Wants League Of Democracies, More War
The Agenda Behind the Hoax: What the Iraq War is About  The Bush Regime has quagmired America into a sixth year of war in Afghanistan and Iraq with no end in sight. The cost of these wars of aggression is horrendous. Official US combat casualties stand at 4,538 dead.
British minister says Clinton's 'obliterate' Iran tone imprudent
Regulator Warns U.S. Bank Failures Could Rise Above “Historical Norms”
Wall Street Journal: Stockpile Food
Hyperinflationary Depression
More Food Rationing: Sam’s Club Limits Rice Purchases
Calls for Clinton to Drop Out Mount
HILLARY WINS PA…..MORRIS SAYS TOO LITTLE TOO LATE!
54.6% - 45.4% Victory...
STAYING ALIVE...
Race Unresolved...
DICK MORRIS: TOO LITTLE, TOO LATE FOR HILLARY...
RNC, McCain Condemn Anti-Obama TV Ad; Hillary Clinton Mum...
CBSNEWS DELEGATE SCORECARD...
Carter accuses Condi of being untruthful over Hamas meeting...
DELTA/NORTHWEST report combined $10.5B loss on fuel costs...
TOYOTA takes world sales lead from GM…..another bullish sign for american economy…..
Comptroller Of Currency Worried About Bank Failures...
DIVIDEND CUTS FOR THE FIRST QUARTER 2008 HAVE ALMOST EXCEEDED THAT FOR ALL OF 2007
Panel says link between smog and premature death is clear and yet, in the land of fruits and nuts where the worst smog in the world is found, they blame everything on tobacco (which admittedly is not healthy but is far less deleterious than other widely used California illegal drugs, ie., meth, heroin, etc., and prescription meds, etc.) including the miniscule innocuous open-air exhaling of same, in their irrationally obsessive fashion.
Former British PM Phony Tony Blair caught riding without a ticket: spokesman
[$$] New Threat: Loan Losses (4-22-08 at The Wall Street Journal Online)
NEW JERSEY JEW CAUGHT SPYING FOR ISRAEL, GIVING ISRAELIS CLASSIFIED NUKE/SYSTEMS/DEFENSE DOCS (PROBABLE BLACKMAIL POINTS OR JEWS TURN SAME OVER TO, IE., CHINA, ETC.), AND HENCE, IS PROBABLE NOMINEE FOR THE CONGRESSIONAL MEDAL OF HONOR (AND RECIPIENT OF THE GOLDEN MENORAH AWARD FOR IRRATIONAL, SELFLESS, SELF-DESTRUCTIVE AMERICAN SACRIFICE FOR ISRAEL).
American arrested as nuclear spy for Israel By Randall Mikkelsen (Reuters)
U.S. authorities arrested an 84-year-old American on Tuesday suspected of giving Israel secrets on nuclear weapons, fighter jets and missiles in the 1980s in a case with links to imprisoned spy Jonathan Pollard. Ben-Ami Kadish acknowledged his spying in FBI interviews and said he acted out of a belief he was helping Israel, according to court documents. Kadish was accused of reporting to an Israeli government handler who was also a main contact for Pollard, an American citizen serving a life term on a 1985 charge of spying for Israel…..
US military recruits more ex-cons
The Guardian | Soldiers now include those convicted of assault or maiming, non-cannabis-related drug offenses, indecent behavior with a child, and making terrorist threats.
Gold rises on weak dollar, record oil but outlook uncertain
Condition of Riad Hamad’s Body Contrary to Suicide  Kurt Nimmo | Palestinian activist’s body sliced, stabbed, and bruised.
Gitmo detainees 'drugged to confess'  
D.C. Burglaries Have Surged 21 Percent
Mexican Drug Violence Spills Into U.S.
Carter the Bold Peacemaker
*EXIT POLLS: Two-Thirds Say Clinton Unfairly Attacked Obama...
OIL NEARS $120...
CALIFORNIA MELTDOWN: Foreclosures up 327% from '07 levels...
USATODAYGALLUP: Bush's Disapproval Rating Highest Of Any President In 70 Years...

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

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

Lee Iacocca Says:

 

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

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

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

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

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

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

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

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

UPDATE: BANK OF AMERICA Profit Falls 77% on $6 Billion Bad Debt...
PAPER: America faces food rationing?...
CRISIS WEAKENS OPPOSITION TO BIOTECH CROPS...
UN chief: World must urgently increase production...
Obama flush with money to spend; Clinton in debt...
PAPER: It's looking grim - but Clinton won't exit...
GALLUP Daily: Obama Regains Lead Over Clinton, 49% to 42%...
Mugabe attacks opposition and UK - Zimbabwean President Robert Mugabe lambastes the opposition and the UK in his first big speech since disputed elections.
NYT SUNDAY: DISLOYALTY OF ONCE-CLINTON SUPPORTERS...
NYT SUNDAY: CLINTON CASH CRUNCH; DONORS MAXED OUT, TIRED...
Editorial: International War Criminal israelis’ Continuing Land Grab
Oil Nears $117...
Saudis put oil capacity rise on hold...
POLL: Oil running out as prime energy source...
GALLUP POLL: OBAMA TICKS UP; PASSES CLINTON...
Survey: 30 percent believe economy will shrink
Oil prices spike to record above $117 a barrel
 
Experts see Depression parallels in U.S. crisis
More convicts enlisting in Army, Marines
HAS CAPITALISM FAILED? NO, BUT AMERICA’S INHERENTLY CRIMINAL VERSION OF IT HAS INDEED FAILED. CAN ANYBODY RATIONALLY DENY THAT?
Neocon Schemes vs. Iran “At one stage we were reduced to pretending that Panama’s General Noriega was a menace to our way of life. Then it was Slobodan Milosevic. Finally, we inflated the piffling Saddam Hussein into a looming Hitler”
AP: TIME AGAINST CLINTON

AMERICANS BECOMING MORE CROOKED By LARA JAKES JORDAN, Associated Press Writer Thu Apr 17, 7:39 PM ET  WASHINGTON - The FBI is grappling with growing numbers of public corruption cases and a surge in mortgage fraud investigations, FBI Director Robert Mueller said Thursday, wondering aloud whether Americans are "becoming more crooked." In a speech to the American Bar Association, Mueller asked the assembled defense lawyers for help in "creating a culture of integrity" by reporting evidence of wrongdoing by politicians and corporate executives alike." Anyone who follows the news these days and sees repeated references to corporate fraud and public corruption might think the nation is in the midst of a moral crisis," Mueller told the defense attorneys. "Have we as a society become more corrupt? [The answer is YES] Or have we in the FBI simply become more adept at rooting out fraud and corruption? [While high regard for the FBI is warranted, the fact is that they are so infinitesimally small a portion of the U.S. population that relative thereto, they are but a genetic aberration (in the most positive sense) when juxtaposed to the inherently criminal american populace at all levels of american society]."…..
SUCH ARE ALSO THE PONDERINGS, MUSINGS EXTANT AT THIS STAGE OF DECLINE/FALL OF ANY SOCIETY/NATION IN AGES PAST; IE., ROME, ETC..

CONGRESS WITH approval ratings of 11% (with similarly low ratings for incompetents, war criminals bush/cheney) for glaring incompetence/corruption still had audacity enough to misuse/fraudulently use their congressional credit cards even as the nation/citizens are drowning in congressionally/executively accumulated debt.
Stephen Barr - OMB Gets Tough on Misuse of Government Credit Cards ...By Stephen Barr Thursday, April 10, 2008; Page D04
A crackdown on the misuse of government credit cards is underway.
The Office of Management and Budget said yesterday that it would welcome Congress's help in disciplining federal employees who misuse their cards, pointing to a Senate bill that would authorize agencies to fire employees for egregious abuse of government credit cards. Employees suspected of fraud would have their cases referred to federal prosecutors. ….. An investigative report released by senators Tuesday showed that government employees used their credit cards in 2005 and 2006 to buy cameras, laptop computers, iPods, high-end suits, lingerie, and steak and booze dinners. The inquiry by the Government Accountability Office was not the first to discover abuse in federal credit card and travel programs. Previous reports by the GAO and inspectors general have documented federal employees using their government cards to buy baseball tickets, jewelry, cellphones, escort services and, in one instance, breast enhancement surgery for a girlfriend. "Here We Go Again," was the headline yesterday on a news release from the Project on Government Oversight, a nonprofit group that investigates corruption in government. It noted that the group uncovered similar problems in 2002.
Report: Netanyahu says 9/11 terror attacks good for Israel israeli operatives/mossad/citizens cheered the event and what’s good for israel is bad for america is now american policy of decline.

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

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

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

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

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

Israel Psychologically Tortures Palestinian Detainees

Israeli army withdraws after Gaza raid kills seven (AFP) - AFP - Israeli forces withdrew from the Gaza Strip on Saturday, the army said, after a raid that left seven people dead, including a 10-year-old boy.
Obama widens lead on Clinton in state Seattle Times
Why Gov. Bill Richardson didn't endorse Clinton Los Angeles Times - Shari Vialpando / AP Gov. Bill Richardson, shown here in New Mexico on Tuesday, has drawn criticism from supporters of Bill and Hillary Clinton for endorsing Sen. Barack Obama.
Poll: Pa. women ditching Hillary Boston Herald
Campaign confusion Republican & Herald

WRAL: OBAMA TAKES 23-POINT LEAD IN NC...
Greenspan endorses McCain, foresees recession...
ALEX JONES ARCHIVES:
Featured Stories archive
World news archive
World at war archive
September 11 archive
Globalism archive
U.S. News archive
Border control & illegal immigration archive
Iraq archive
Race for the nomination archive
Iran archive
Media archive

 

$3 trillion may be too low: Iraq War

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

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

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

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

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

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

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

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

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

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

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

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

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

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

 

$3 trillion may be too low: Iraq War

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

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

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

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

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

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

 

MERKEL TO BOYCOTT OLYMPICS...

60 MINS: Ex-Terror Detainee Says U.S. Tortured Him...

Economic downturn worsens in March
UBS to lower auction-rate securities' values (Reuters)
WSJ: New Backing for Obama As Party Seeks Unity...
Cash-strapped Clinton fails to pay bills...

Bush booed as he throws inaugural pitch at Nationals home opener
Wall Street sees steeper decline in Q1 results: report
Foreign Funds Migrating out of the U.S Dollar (3-31-08)
Israeli construction in settlements unabated: report

Driver found shot in LA common occurrence along with separate incident and don’t walk on streets or stand on corners as people, children are being cut down in a state that’s a wreck

GALLUP: Obama Holds Lead Over Clinton, 51% to 43%...
Clinton didn't pay health insurance bills...
CLINTON Campaign head made $200,000 with subprime lender...
 War stance woos some Republicans...
CIA enlists GOOGLE's help for spy work...
TREASURY DEPT. PROPOSES MORE POWER FOR FED - of course they are wrong again: 5 REASONS WHY THE FED HAS FAILED
PAPER: Fed eyes Nordic-style nationalization of banks...

'Brace for $1 Trillion Writedown'... (3-31-08)
by James Pressley  -- Be it ever so devalued, $1 trillion is a lot of dough. That's roughly on a par with the Russian economy. More than double the market value of Exxon Mobil Corp. About nine times the combined wealth of Warren Buffett and Bill Gates.

Yet $1 trillion is the amount of defaults and writedowns Americans will likely witness before they emerge at the far side of the bursting credit bubble, estimates Charles R. Morris in his shrewd primer, ``The Trillion Dollar Meltdown.'' That calculation assumes an orderly unwinding, which he doesn't expect.

``The sad truth,'' he writes, ``is that subprime is just the first big boulder in an avalanche of asset writedowns that will rattle on through much of 2008.''

Expect the landslide to cascade through high-yield bonds, commercial mortgages, leveraged loans, credit cards and -- the big unknown -- credit-default swaps, Morris says. The notional value for those swaps, which are meant to insure bondholders against default, covered about $45 trillion in portfolios as of mid-2007, up from some $1 trillion in 2001, he writes.

Morris can't be dismissed as a crank. A lawyer, former banker and author of 10 other books, he knows a thing or two about the complex instruments that have spread toxic debt throughout the credit system. He once ran a company that made software for creating and analyzing securitized asset pools. Yet he writes with tight clarity and blistering pace.

The financial innovations of the past 25 years have done some good, Morris notes. Collateralized mortgage obligations, invented in 1983, saved homeowners $17 billion a year by the mid-1990s, according to one study.

Slicing and Dicing CMOs transformed the business by slicing pools of mortgages into different bonds for different risk appetites. Top-tier bonds had the first claim on all cash flows and paid commensurately low yields. The bottom tier was the first to absorb all the losses; it paid yields resembling those on junk bonds.

What began as a good thing, though, soon spawned a bewildering array of new asset classes that spread throughout the financial system, marbling balance sheets with what Morris calls inflated valuations, hidden debt and ``phony triple-A ratings.'' The more the quants fine-tuned the upper tranches of CMOs and other collateralized debt obligations, the more dangerous the bottom slices grew. Bankers began calling it ``toxic waste.''

Guess where the toxins wound up? That's right: Credit hedge funds are now the weakest link in the chain, Morris says. Their equity stands at some $750 billion and is so massively leveraged that ``most funds could not survive even a 1 percent to 2 percent payoff demand on their default swap guarantees,'' he writes.

`Utter Thrombosis' Morris sketches a scenario in which hedge fund counterparty defaults would ripple through default swap markets, triggering writedowns of insured portfolios, demands for collateral, and a rush to grab cash from defaulting guarantors. The credit system would suffer ``an utter thrombosis,'' he says, making the subprime crisis ``look like a walk in the park.''

As bankers and regulators try to prop up the ``Yertle the Turtle-like unstable tower of debt,'' Morris points to two previous episodes of lost market confidence.

The first was the 1970s inflationary trauma that prompted investors to suck money out of the stocks and bonds that finance business. Confidence returned only after Fed chief Paul Volcker slew runaway inflation by ratcheting up interest rates.

The other precedent is the popped 1980s Japanese asset bubble. In that case, politicians and finance executives tried to paper over their troubles. Two decades later, Japan still hasn't recovered, Morris writes.

We should be as bold as Volcker, he suggests: Face the scale of the mess, take a $1 trillion writedown and shore up regulatory measures. His recommendations include forcing loan originators to retain the first losses; requiring prime brokers to stop lending to hedge funds that don't disclose their balance sheets; and bringing the trading of credit derivatives onto exchanges.

What he fears is that the U.S. will instead follow the Japanese precedent, seeking to ``downplay and to conceal. Continuing on that course will be a path to disaster.'' ``The Trillion Dollar Meltdown: Easy Money, High Rollers and the Great Credit Crash'' is from PublicAffairs (194 pages, $22.95). (James Pressley writes for Bloomberg News. The opinions expressed are his own.)

TREASURY DEPT. PROPOSES MORE POWER FOR FED - of course they are wrong again: 5 REASONS WHY THE FED HAS FAILED
GALLUP: HILLARY HITS LOWEST...
Obama Gets Boost; Clinton Urged to Quit...
...hill: I'M NOT GOING

Bumbling moron and incompetent bush (how does anyone take anything this lying dummy says seriously): Latest Iraq Violence “Positive”

Dumbya war criminal bush says it’s important not to give Al Queda propaganda victory in Iraq by withdrawing when Every Intelligent Person knows that each day america’s in Iraq, war crimes and all, is a propaganda victory for Al Queda/Resistance/Would be terrorists everywhere. Dumbya bush is such a moron!

The republicans appear hell-bent on creating circumstances to make national security the issue because they have nothing else to talk about having mucked up everything (ie., economy, government response/Katrina, etc.) in their absolute control years (are they planning another pearl harbor event, clintonian wag the dog bombing, other diversion, etc.)

Israel Seeks Peace Talks With Syria

No Tears for Mr. Cayne LAST SUMMER, WHEN two Bear Stearns (BSC: 10.94, -0.31, -2.75%) hedge funds collapsed, Bear Stearns Chairman and Chief Executive James Cayne was absorbed in a bridge tournament in Tennessee, according to a memorable profile in The Wall Street Journal. The unfolding credit crisis did nothing to deter his regular golf games last summer, nor did market volatility dissuade him from recently buying not one but two opulent apartments in Manhattan's former Plaza Hotel for $27.4 million. No one was more responsible for the high risk and reckless leverage that drove Bear Stearns to the brink of bankruptcy a week ago. Poor Mr. Cayne. The $2 a share deal negotiated last week with the approval of the U.S. government, reducing his stake in the firm to a value of $14 million, wasn't good enough. This week J.P. Morgan Chase (JPM: 46.06, -0.49, -1.05%) boosted its offer fivefold, to $10 a share, to make Cayne and other large shareholders feel better. In my view, Cayne and other Bear Stearns shareholders were lucky to get $2. I, too, feel bad for the rank-and-file at Bear Stearns who had no control over the firm's risk policies or balance sheet. But I feel worse for plenty of financially-strapped Americans. They won't be buying Central Park views with a taxpayer-financed windfall.
America’s Banks are Broken America’s banks are broken, and the U.S. economy cannot be pulled out of recession until they are fixed.

21 countries more stable, prosperous than U.S.  Michael Evans Times Online March 25, 2008 The United Kingdom has been ranked as one of the most stable and prosperous countries in the world, beating the United States, France and even Switzerland in a global assessment of every nation’s achievements and standards.A one-year investigation and analysis of 235 countries and dependent territories has put the UK joint seventh in the premier league of nations. The top ten comprise also the Vatican, Sweden, Luxembourg, Monaco, Gibraltar, San Marino, Liechtenstein, the Netherlands and the Irish Republic.The US lies 22nd and Switzerland, normally associated with wealth and untouchable stability, is rated 17th, losing points in the assessment of its social achievements. The bottom ten, surprisingly, do not include Iraq. They are listed as Gaza and the West Bank, Somalia, Sudan, Afghanistan, Ivory Coast, Haiti, Zimbabwe, Chad, the Democratic Republic of Congo and the Central African Republic.
Clinton says she erred on Bosnia story Whew! What an embellished whopper (clearly more than just small psychological problems have manifested). How about asking hill about the séances on the roof of the white house. I guess when you must live with the clinton bodycount among other crimes, the mind of necessity must play tricks rather than embrace the sordid truth/reality (about her and bill).
BROOKS: Hillary's Long Defeat...

US news video contradicts Clinton on Bosnia visit Reuters
 New York Gov. Paterson discusses using marijuana and cocaine WCAX - AP - March 25, 2008 3:15 AM ET NEW YORK (AP) - Gov. David Paterson says many Americans tried marijuana and other drugs during the 70s and went on to lead responsible lives.
Paterson Says He Tried Cocaine thinking it was snuff and Marijuana thinking it was cherry blend in 1970s New York Times

21 countries more stable, prosperous than U.S. The US lies 22nd and Switzerland, normally associated with wealth and untouchable stability, is rated 17th, losing points in the assessment of its social achievements

Not So Good Friday For Goldman and Lehman Forbes - Standard & Poor's analysts tested the tree-falling-in-an-empty-forest scenario, as it lowered the outlooks for Goldman Sachs and Lehman Brothers to negative while markets were closed.
Documents filed with the Securities and Exchange Commission on Thursday March 20 show that Goldman's President and Co-Chief Operating Officer Jon Winkelried sold some 30,000 shares at about $173.85 each, totaling approximately $5.2 million, from Wednesday to Thursday. Vice Chairman Michael Sherwood unloaded some 7300 shares at a per share price of about $174.85, totaling close to $1.3 million Wednesday. Goldman could not be reached for comment.
S&P lowers outlooks on Goldman, Lehman BusinessWeek
Goldman Sachs and Lehman Brothers face downgrading Times Online
What if the other shoe drops but no one hears?

Market Scan NOT SO GOOD FRIDAY FOR GOLDMAN AND LEHMAN Melinda Peer Standard & Poor's analysts tested the tree-falling-in-an-empty-forest scenario, as it lowered the outlooks for Goldman Sachs and Lehman Brothers to negative while markets were closed. Standard & Poor's analysts Scott Sprinzen and Diane Hinton affirmed their AA-/A-1+ rating for Goldman Sachs Group (nyse: GS - news - people ) and A+/A-1 rating for Lehman Brothers Holdings (nyse: LEH - news - people ), pointing to strong underlying businesses and acceptable first-quarter earnings. But S&P also lowered the companies' outlooks to "negative" from "stable" on expectations of 20%-to-30% drops in net sales after write-downs going forward. The analysts also revised their outlook for the U.S. securities industry at large to "negative," meaning there is a one-in-three chance that there will be a rating change in the next two years.Goldman shares closed Thursday ahead by $13.14, or 7.9% , to $179.63 and Lehman stock added $6.42, or 15.2%, at $48.65.Analysts, while acknowledging the Federal Reserve's support for U.S. broker-dealers boosts confidence in capital markets, said negative outlooks for independent securities firms are appropriate since the potential for decreased profitability is still substantial.The slashed outlook may be especially difficult for Lehman Brothers to stomach. The financial services firm, whose business mix most closely resembles that of virtually collapsed Bear Stearns (nyse: BSC - news - people ), has dismissed recent rumors that it's headed down the same ditch as Bear (See: Financials Fall Into Bear Pit). Analyst Sprinzen says Lehman has done a better job managing its liquidity than Bear. As of Feb. 29, the firm's excess liquidity structure was $34 billion. "Lehman is among the largest proportionately of the U.S. broker-dealers, and its sources-to-uses ratio is the strongest of the five," Sprinzen said, adding that earnings have held up and Lehman's fixed income business remains profitable despite being directly affected by the economic slowdown and problematic asset-related write-downs.Sprinzen called Goldman Sachs' leftover mortgage and leveraged finance-related commitments "manageable" and praised the strength of its liquidity position. "However ... the firm's emphasis on trading activities and its aggressive risk appetite leave it open to the possibility that major missteps could ultimately occur, leading to a change in investor sentiments," Sprinzen said. Although Goldman is the most profitable U.S. broker-dealer, Sprizen said last quarter's profits were weak, with sales off 35% from the previous year.Documents filed with the Securities and Exchange Commission on Thursday March 20 show that Goldman's President and Co-Chief Operating Officer Jon Winkelried sold some 30,000 shares at about $173.85 each, totaling approximately $5.2 million, from Wednesday to Thursday. Vice Chairman Michael Sherwood unloaded some 7300 shares at a per share price of about $174.85, totaling close to $1.3 million Wednesday. Goldman could not be reached for comment.

21 countries more stable, prosperous than U.S. The US lies 22nd and Switzerland, normally associated with wealth and untouchable stability, is rated 17th, losing points in the assessment of its social achievements

Get Ready for Global Flight from U.S. Treasury Debt UK Telegraph | Even monetary policy à l’outrance may not be enough to halt the spiral. Former US Treasury secretary Lawrence Summers says the Fed’s shower of liquidity cannot cure a bankruptcy crisis caused by a tidal wave of property defaults.
Three Investment Banks Partake in Fed “Lending” Scam Baltimore Sun | Morgan Stanley says they have “tested the window because we want to remove the stigma from the window,” in other words they have a green light to steal even more from the American people.
CASH DASH: Firms Tap Fed for Billions...
American auto industry bracing for 'worst year in decade'...
In Washington, a Split Over Regulation of Wall Street...
BANKS PLOT PUBLIC BAILOUT: Mass purchases of mortgage-backed securities...

Insurgent Attacks in Baghdad, Northern Iraq Kill Nearly 60 People Voice of America - By VOA News US and Iraqi officials say insurgent attacks in Baghdad and northern Iraq Sunday claimed the lives of at least 58 people.
American death toll in Iraq reaches 4000 Boston Globe
US Death Toll in Iraq War Hits 4000 The Associated Press

China ups death toll in Tibet riots
Fed to be given MORE authority The Federal Reserve and Treasury are playing a dominant day-to-day role in overseeing Wall Street following this week’s rescue of Bear Stearns, raising the prospect that the central bank might be given more permanent authority over securities firms, yet the more important consideration is authority over the fed, treasury, and wall street in light of the pervasive fraud.
Central banks float rescue ideas
Three U.S. soldiers die in Iraq, toll nears 4,000
US Deaths in Iraq Approach 4,000...
Congress Raises the Debt Ceiling To Accomodate and Join bush’s Failed Legacy
No Money Gosh what happens when the Saudis and OPEC wake up and decide to peg the price of oil to the Euro? Snap, crackle, pop
OBAMA AIDE: BILL CLINTON LIKE MCCARTHY...
NM Gov. Bill Richardson Endorses Obama...
DETAILS: Obama Has Financial Edge For Primary Endgame...
GALLUP: Obama back on top...
POLITICO: 'Clinton has virtually no chance of winning'...


China Sends Thousands of Troops Into Tibet AFP | A week of protests against China’s 57-year rule of Tibet erupted into rioting in Lhasa last Friday. Demonstrations have since spilled over into nearby Chinese provinces with sizeable ethnic Tibetan populations.
Russian envoy: US military “arming ex-terrorists” in Kosovo Monsters and Critics | NATO Dmitry Rogozin claims the Bush neocons are arming former KLA terrorists in Kosovo.
Blitzer Dishonestly Spins McCain Iran-al-Qaeda “Gaffe” with Doctored Video Media Matters | Corporate media operative Wolf Blitzer attempts to get John McCain off the hook by airing a spliced version of his “gaffe” about al-Qaeda and Iran.
Archives show Clinton lied: Obama campaign...

Jim Rogers: the Fed is Throwing Dollar Out the Window  “This man Bernanke was never elected by anybody. I don’t know where he gets the audacity to spend $230 billion dollars to bail out a few friends on Wall Street. This is totally outrageous.”
Rogers: Fed Has “Given Up” On The Dollar Paul Joseph Watson | Investor slams Bernanke for destroying greenback to bail out friends on Wall Street.
The Fed is just an Extension of the Banking Establishment The Bear bailout was engineered to serve the needs of the banking establishment; nothing more. The Federal Reserve and the US Treasury are merely an extension of the financial industry. The Bear bailout proves it
Stock Guru Granville: We’re in a Crash Octogenarians Joseph Granville and Robert Stovall predict the worst. “We’re in a crash,” said Granville. “This is the worst I’ve seen, and I’ve studied every bit of history all my life”
Joseph Stiglitz calls financial crisis worst since 1930s Stiglitz said it was ironic that former Federal Reserve head Alan Greenspan had said it was the world’s worst economic problem in the last 50 years, adding, “He is the source of much of the problem”

Family recalls fallen soldier was against Bush, Iraq war
U.S.-led force kills Afghan civilians in raid

The Fed's Wall Street Dilemma
The Collapse of American Power In his famous book, The Collapse of British Power (1972), Correlli Barnett reports that in the opening days of World War II Great Britain only had enough gold and foreign exchange to finance war expenditures for a few months. The British turned to the Americans to finance their ability to wage war. Barnett writes that this dependency signaled the end of British power.
'Oh, Magoo, You’ve Done It Again!'  Frederick Sheehan Lew Rockwell.com Tuesday, March 18, 2008 Alan Greenspan’s instinct for self-exculpation reached new heights in the March 17, 2008, Financial Times. In "We Will Never Have a Perfect Model for Risk," he writes a model essay intended to eliminate risk – the risk he might be held accountable for the imploding banking system that he failed to regulate. Nowhere would the reader glean the author had a hand in the topics he speaks of with such authority. Nowhere would the reader detect a hint that the practices and models the former Federal Reserve chairman now condemns were once either blessed or ignored under his authority. We read in the FT: "The crisis will leave many casualties. Particularly hard hit will be much of today’s financial risk-valuation system, significant parts of which failed under stress. Those of us who look to the self-interest of lending institutions to protect shareholder equity have to be in a state of shocked disbelief."….. Recusing himself from responsibility to regulate the banking system, he told an audience in 2005: "The use of a growing array of derivatives and the related application of more sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions." The former chairman squirmed on The Daily Show. He told Jon Stewart in September 2007: "I’ve been in the forecasting business for 50 years. … I’m no better than I ever was, and nobody else is. Forecasting 50 years ago was as good or as bad as it is today. And the reason is that human nature hasn’t changed. We can’t improve ourselves." (Stewart lost faith in America at that point: "You just bummed the [bleep] out of me.")…..

Banks face "new world order," consolidation: report

IMF chief says contagion risk ‘very high’

IMF, OECD hit alarm buttons for crisis-hit global financial system

Currency Strategists Warn of Intervention to Salvage U.S. Dollar

Turning Point For The Dollar?

Bear Stearns Rescue Is `Finger in Dike,' Scholars Say

Who Traded 55,000 Bear $30 Puts Tuesday?

Dollar sells off after Fed's emergency measures

Welcome to the Future: The Second Great Depression

NZ market hit by US meltdown

Stocks Mixed After Bear Stearns Deal

Oil plummets on economy worries

Greenspan: Economy Worst Since World War 2

Not Just Recession, Clinton Appointee Talking 'Depression'

Housing Predictor: Economy on the Edge of Depression

U.S. Futures, Global Stocks, Dollar Decline After Fed Cuts Rate

Dollar Doomsayers Draw Signs From Bernanke Rate Cuts

Dollar's nosedive stirs joint intervention jitters

Treasury Secretary refuses actions to strengthen dollar

Pound Slumps to Record Versus Euro After Fed Cuts Discount Rate

Fed acts Sunday to prevent global bank run Monday

Dollar dives to near 13-year low vs. yen

Bernanke Saves Bear Stearns While Americans Live In Tents

Global market panic sparks more gold buying, bullion near record

How bad is the mortgage crisis going to get?

Leading Economic Writer: Financial Meltdown A "Gigantic Fraud"
The Fed's Desperation Move
How to Destroy a Country in Five Years
Bearly Alive
Foreign Investor Flight from U.S. Debt and seeing red
We Are Being Bernanke’d  Comparisons between 2008 and 1929 are predictive programming to get you use to the idea
Stock Guru Granville: We’re in a Crash Octogenarians Joseph Granville and Robert Stovall predict the worst. “We’re in a crash,” said Granville. “This is the worst I’ve seen, and I’ve studied every bit of history all my life”

Welcome To The Second Great Depression

Last Friday we got a taste of what the future is likely to be like as we make our way further into the belly of the second great depression

Eroding confidence stings bank shares...
GREENSPAN: MY FINANCIAL MESS WORST SINCE WWII...
Wall Street waits for next domino to fall...
FED GIVES ANOTHER QUARTER...
PAPER: Foreign investors veto Fed rescue...
The Dollar Doomsayers...
INTERVENTION?
Euro, Gold Hit New Records...
Bumbling bush: 'We're in Space Shuttle Challenger Times'...
3-month bill yield seen lowest in 50 years...
Fears mount over US economy
US Military committed War Crimes in Fallujah: Open Letter to the International Criminal Court of Justice I believe that there is sufficient evidence to launch an investigation into what happpened in Fallujah, Iraq in 2004. I pray that you will agree and take all necessary steps to ensure that justice is served
$175 for a Barrel of Oil? Commodities may have “explosive rallies” in the next couple of years, with crude oil rising to $175 a barrel, according to Goldman Sachs Group Inc.
Spitzer taken down by Mossad?
Corporate Media Snowjobs Dollar Crisis
Leading Economist: Dollar Faces Outright Collapse Another prominent economist has warned that the bottom may soon drop out of the dollar completely as the currency hits fresh lows and continues to sink worldwide.
Paul Craig Roberts: Watching the Dollar Die
Gold Futures Rise to Record $1,009 on Bear Stearns Bailout
Panic in stock markets as U.S. banking giant Bear Stearn 'on verge of collapse'

CALLS MOUNT FOR OLYMPIC CEREMONY BOYCOTT
International war criminals israeli warship 'enters Lebanese waters'...

Many voting for Clinton to boost GOP Boston Globe
Clinton struggles with loss of black support...
FORMER GOP SENATOR RIPS HILLARY AS 'BUSH ENABLER'...
CLINTON 'WE CANNOT WIN' IRAQ WAR...

Red Cross: Iraq's humanitarian situation most critical
Some families spend a third of their average monthly wage of $150 just buying clean water, the report said. Healthcare in Iraq was "now in worse shape than ever" .Iraq-USA, Politics, 3/18/2008
2.7 million Iraqis displaced living difficult conditions
More than 75 percent had no access to government food rations and nearly 20 percent lacked supplies of clean water, she said adding that some 33 percent could not get the medicine they needed while only 20 percent had had any help from humanitarian agencies .Iraq-USA, Politics, 3/18/2008
Iraqi crisis fuels rise in asylum-seekers in industrialized world – UN report
"For the second year running, Iraqis topped the list of asylum-seekers in the world's industrialized countries," according to the UN High Commissioner for Refugees Iraq-UN, Politics, 3/18/2008
US on Iraqi political groups walk out
US Department Of State Deputy Spokesman Tom Casey was asked today about the number of Iraqi political groups pulled out of the talks that were being held today, more than a year after President George W. Bush announced the surge as a way to try to provide breathing space for the Iraqi political system to achieve reconciliation. Iraq-USA, Politics, 3/18/2008
Five journalists given three-month prison sentences over critical articles
the two newspapers carried a news item about this citizen's filing of a motion with the Higher Judicial Council against the judges of the Higher Court of Justice, who had upheld a decision by the Civil Status and Passport Department depriving the plaintiff of his citizenship. The two newspapers were sued, as were their chief editors, as the newspapers' representatives: Usama Sharif of "Ad-Dustour" and Taher Al Udwan of "Al Arab Al Yawm."Jordan, Politics, 3/18/2008
Journalist Hasan Abdel Jawad arrested; intimidation of press in West Bank
The International Federation of Journalists is calling for the release of journalists being held in Israeli prisons for their critical reporting. The arrest last week in Bethlehem of journalist Hasan Abdel Jawad, who is also a Palestinian Journalists' Syndicate (PJS) board member, brings to 8 the number of journalists detained by Israeli authorities. Palestine-Israel, Politics, 3/18/2008
Democrats Focus on How to End Iraq War
No Regrets on Iraq War: says Unconflicted Psychopathic War criminal and Moron bush
Top U.S. Officer in Mideast Resigns - WashingtonPost.com
Iraq-USA, Politics, 3/18/2008
Petraeus: Iraqi Leaders Not Making 'Sufficient Progress' - WashingtonPost.com
Iraq-USA, Politics, 3/18/2008
Iraq Attacks Lower, but Steady, New Figures Show - NY Times
Iraq-USA, Politics, 3/18/2008
Iraqi feel-good stories prove elusive - LA Times
Iraq, Politics, 3/18/2008
Olmert vows to continue east Jerusalem settlements - Yahoo! News
Palestine-Israel, Politics, 3/18/2008
Poll shows Palestinians now favor Hamas over Fatah - LA Times
Palestine-Israel, Politics, 3/18/2008
Palestinians Unite in Anger Against Israeli Attack - NY Times
Palestine-Israel, Politics, 3/18/2008

How to Destroy a Country and Get Off Scot-Free Linda Heard, [email protected]

 Someone once told me if you're going to tell a lie make it a whopper based on the premise the more outrageous the lie the more likely it is to be believed. At the time, I wrote off his advice as hogwash but as we see from the Iraq debacle, he was right. Five years later, the deceit continues undiminished and nobody has been held to account. Britain's Gordon Brown yesterday promised to hold an enquiry into the "mistakes" made in Iraq. Sounds good, but don't hold your breath. All previous inquiries have been labeled "whitewashes". They can't afford the truth to come out else they might get a one-way ticket to The Hague.Ambassador David Satterfield, and adviser to Secretary of State Condoleezza Rice, is doing the rounds of talk shows lauding America's victories over Al-Qaeda in Iraq. On one occasion the host interjected to mention the unpalatable fact that Al-Qaeda members only flocked to Iraq once the Americans were in place leaving Satterfield momentarily nonplussed.It's obvious that Satterfield is so saturated in the party line he forgot the Pentagon's recently published study that found with certainty that Saddam Hussein had absolutely no links to Al-Qaeda. And lest we forget Saddam didn't have WMD either, which means not only was the war immoral the prewar sanctions on that country that contributed to the deaths of over half-a-million Iraqi children were too. Think about it for a moment. The warmongers invaded, crushed and occupied a country that was no threat to anyone. They stood by as it was looted, exacerbated sectarianism, flattened entire towns, tortured untold numbers of innocents, brought in gum-chewing, tattooed foreign mercenaries and paid crony companies billions of dollars for mythical reconstruction projects.They then pretended to hand over sovereignty to that country while at the same time constructing permanent bases and the biggest US Embassy in history resembling a small town. They said they had no interest in Iraq's oil, yet they are putting immense pressure on the Iraqi government (sic) to sign into law a bill that permits foreign (read American) oil companies to lock up decades-long deals. Let's be frank. Iraq wasn't a blunder, it was a crime. So how did they manage to get away with implanting their long-conceived plot to do away with Israel's No. 1 foe, ensure their competitors couldn't get their hands on Iraq's resources and entrench their military might in the region? Future historians will no doubt be scratching their heads over this one. You had to live through it to believe it.

First, they cleverly used the politics of fear to sway public opinion. As noted in the Project for the New American Century's document "Rebuilding America's Defenses", the warmonger signatories - who later became senior members of the Bush administration - needed "a new Pearl Harbor". On Sept. 1l 2001 they got it. Americans and their allies were in shock. Almost every country in the world was sympathetic and willing to do anything to help. And, boy, did they capitalize on that empathy even managing to persuade Russia to stay silent as they made deals with Caspian states to allow US bases.

Step one was a country where a giant bogeyman was supposed to be hiding out in a cave presumably equipped with a dialysis machine and a production studio and whose black-turbaned government forced women to wear a burqa and disallowed nail polish. But then Defense Minister Donald Rumsfeld was disappointed because there weren't enough targets for his bombs. It was no fun bombing a country into the Stone Age when it was already there.

Step two was the insidious demonizing of Muslims, thousands of whom were arrested and held for months without charge or access to lawyers. In that climate of fear, it was relatively simple to persuade the American people that Saddam Hussein was conniving with the people who brought down the World Trade Center. US officials warned of mushroom clouds; Prime Minister Tony Blair said British interests could be attacked within 45 minutes of Saddam giving the order. Then Secretary of State Colin Powell allowed himself to be used as their fall guy. He spouted the most unbelievable scripted codswallop the UN had ever heard...yet, bullied and bribed nation after nation pretended to believe him as IAEA chief Mohammed El-Baradei and UN weapons inspector Hans Blix did little to discredit the hoax.

Step three entailed replacing Osama in people's minds with Saddam, who overnight morphed into a hydra-headed monster whose idea of a pleasant weekend was gassing and torturing his own people.

Step four was 'Shock and Awe' which illuminated the Baghdad skyline on March 19, 2003. As their bombs and missiles rained down on crowded market places scattering limbs, they told us those bombs and missiles were Saddam's even though the Independent's Middle East correspondent inconveniently dug up their Made in the USA shards.

As the months went on, we began to wonder what happened to the WMD. They told us it was only a matter of time before it would be unearthed from under the sands or discovered in a tunnel under one of Saddam's palaces. They even suggested it may have been shipped off to a neighboring country for safekeeping!!

Step five was an orchestrated administration campaign to inject us with mass amnesia. Never mind about the weapons, they said. We are here to liberate the poor Iraqi people from their evil dictator and deliver freedom and democracy. Look, look, they said. The Iraqis have purple fingers! With up to one million dead, Iraqis are lucky they have any fingers at all.

To be fair, they couldn't have done it without the aid of a compliant, supine media, which embedded its reporters with US battalions and agreed not to show captured US soldiers, flag-draped coffins, military funerals or scenes of blood-soaked Iraqi civilians. Independent reporters who neglected to abide by the script were discredited, refused access to information and even shelled.

I still recall a live report from David Chater of Sky News, who saw the barrel of a US tank slowly turn toward the Palestine hotel - known to be a journalist's hang-out - before firing its shell killing three reporters. The Baghdad offices of Al-Jazeera and Al-Arabiya were also hit.

With so much information on tap I'm flabbergasted that so many people still believe the Iraq fairytale. I wish they'd get in touch with me. I've got a few pyramids and a sphinx going cheap. Sad, isn't it!

Poll: Majority of Democrats prefer Obama CNN -- A majority of Democrats would like to see Barack Obama rather than Hillary Clinton win their party's presidential nomination, according to a national poll out Monday.

Bernanke Plays `Whac-A-Mole' With Turmoil in Markets By Rich Miller March 17 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke may be facing something worse than a loss of personal credibility on Wall Street and in Washington: waning faith in the ability of the institution he leads to turn around ...

Time for West to Stop This Vicious Campaign

GREENSPAN: MY FINANCIAL MESS WORST SINCE WWII...
Wall Street waits for next domino to fall...
FED GIVES ANOTHER QUARTER...
 Watching the Fed as Records Continue to Be Broken
The Weak Ahead: Fed Action Reeks of a Bailout
The Bernanke Fed's Next Interest Rate Cut Will Be Its Last
Euro, Gold Hit New Records...
The Dollar Doomsayers...
WORTHLESS
SOLD: JPMorgan Closes Deal on Bear Stearns...
 

PAPER: McGreevey aide says he had sexual trysts with ex-governor, wife...

Taxman gets power to turn up unannounced to homes and demand to see records

Stocks Rollercoaster Down on Reality and Bear Stearns Cash Fear  Associated Press | Stock market plunges as investors worry about the severity of the liquidity crisis at Bear Stearns and how serious the credit crisis has become.

George ‘Herbert Hoover’ Bush

Lew Rockwell | Alan Greenspan just told a Wall Streeter who hired him as a consultant that “the economy is headed off a cliff.” Yes it is, Alan, and you are a chief criminal, along with Nixon, Bush, and others, in this unfolding global disaster.

More Economists Agree We Are In A Recession

Wall Street Journal | More economists understand what most Americans already know — we are in a “recession” and one man’s recession is another man’s depression, depending on where he stands in regard to a job and credit.

Spitzer’s Sex Life Is Weapon of Mass Distraction for a Bunch of Bad News for Bush

Tel Aviv Seeks to Use american funds that america doesn’t have to further alienate important Arab Allies to buy F-22 Jet Fighters to commit more war crimes

Bush Family Nazi Ties

Google Video | Investigative journalist John Buchanan explains how the Bush crime family supported Hitler and the Nazis, a historical fact completely ignored by the corporate media.

A VICIOUS CIRCLE ENDING IN A SYSTEMIC FINANCIAL MELTDOWN
Fed Interventions Spur Worries Of Sowing Seeds For Next Crisis CNNMoney.com - In deploying its most powerful weapon on Friday, the Federal Reserve made clear that some banks are simply too big to fail. While Bear Stearns (NYSE:BSC) ' near-death experience is sending shudders through the financial world, it also provided a ...
US Stocks Fall, Led by Banks; Bear Stearns Drops Most Ever Bloomberg
Banks, Fed to take stocks on rocky ride Reuters
Fed Chief Warns Anew on Foreclosures New York Times
Bernanke says foreclosures not limited to subprime, no market ... Forbes
Gold Futures Rise to Record $1009 on Bear Stearns Bailout

FED PLEDGE TO SUPPLY CASH...
Race to Rescue BEAR STEARNS...
Largest government bailout of securities firm....
Fed Invokes Little-Used Authority to Prevent Collapse...
'Vicious downward spiral'...
Bush Urges fellow mental patients Patience...
Dollar falls below Swiss franc...

5 Reasons the Fed's Credit Bailout Will Likely Disappoint Matt Blackman
While stock traders began to party again after hearing news of the Fed March 12 credit bailout, currency traders were betting it wouldn't work. After staging a brief rally on Tuesday, the US dollar fell to a new all-time low against the euro Wednesday as confidence that the Fed move would solve the credit crisis and economic fallout proved short-lived. Hopes have run high that the $250 bailout would prove the requisite panacea by stock investors prompting many to call a bottom in stocks. But here are five reasons why they will probably be disappointed.
1) Much more subprime pain to come - According to a Bloomberg article from March 11, Even after downgrading almost 10,000 subprime-mortgage bonds, Standard & Poor's and Moody's Investors Service haven't cut the ones that matter most: AAA securities that are the mainstays of bank and insurance company investments. None of the 80 AAA securities in ABX indexes that track subprime bonds meet the criteria S&P had even before it toughened ratings standards in February, according to data compiled by Bloomberg. A bond sold by Deutsche Bank AG in May 2006 is AAA at both companies even though 43 percent of the underlying mortgages are delinquent. Sticking to the rules would strip at least $120 billion in bonds of their AAA status, extending the pain of a mortgage crisis that's triggered $188 billion in writedowns for the world's largest financial firms. AAA debt fell as low as 61 cents on the dollar after record home foreclosures and a decline to AA may push the value of the debt to 26 cents, according to Credit Suisse Group. "The fact that they've kept those ratings where they are is laughable," said Kyle Bass, chief executive officer of Hayman Capital Partners, a Dallas-based hedge fund that made $500 million last year betting lower-rated subprime-mortgage bonds would decline in value. "Downgrades of AAA and AA bonds are imminent, and they're going to be significant." So what happens to the Fed requirement that any collateral exchanged for Treasuries not be subject to a downgrade? According to the article, all but six of the 80 AAA ABX subprime bonds failed an S&P test for investment grade status. As I understand the program, they should NOT qualify for the Fed collateral exchange.
2) Home price declines are still accelerating. This means that bonds that qualify as investment grade today have a better than 50-50 chance of not qualifying tomorrow. Rating agencies essentially discounted the probability of housing price declines. How can the Fed (and taxpayers who risk picking up the tab) trust them now?
3) The Fed bailout allows that mortgage bonds be used as collateral for a 28 day period. What happens when the 28 day period elapses? The Fed has also said it would discount the value of bond collateral. By how much? Do banks get to discount them again before taking them back after the 28 day period has elapsed? I trust that the Fed has no plans to be the buyer of final resort for this junk. It would mean this liability would ultimately be passed on to the taxpayer. But even giving Bernanke & Co the benefit of the doubt, this solution is very short-term in scope. And what happens when its over and $200 billion in bonds have been exchanged?
4) The current housing (and credit) bubbles took years to form and were powered by the creation of trillions in derivatives. The credit default swap market alone doubled every in 2006 and 2007 and at latest count had grown to more than $40 trillion. The chances that any bailout attempts by government or quasi government agency like the Fed will re-inflate these bubbles are effectively zero. The latest estimate by Friedman, Billings and Ramsey is that the $11 trillion mortgage market needs about $1 trillion in new investment to halt the slide in bond prices that began last year. But that estimate assumes that payments on more than 90% of US mortgages will remain current - Is this realistic assumption given the scope of home price declines and the amount of zero down, no doc, lier mortgages etc. that were issued? Probably not. What motivation do those who made little or now down payment have to maintain their payments on a home that has dropped below the mortgage amount?
5) Can this bailout halt the economic slide that my indicators are telling me will result in a recession? (see this post) Can they reverse the economic cycle? Certainly not on both counts if history is any guide. More likely, the latest stock run is nothing more than a predictable bear market rally that will quickly evaporate, just like those that resulted from past bailout hopes have done since November. As Joseph Mason commented in a Bloomberg interview March 12, all Fed efforts so far have focused on providing liquidity but they do nothing to address credit losses. Someone has to take those losses including homeowners, consumers as well as banks, lenders, hedge funds etc. And those losses are far from over. And so far, the only credit problems being discussed are mortgage related. What about commercial, car, student, credit card, M&A, LBO and other loan markets? What happens when they begin to blow up?

 

5 REASONS WHY THE FED HAS FAILED  BY HELEN ANDERSON

No single quasi-private institution has as much influence on the worldwide economy as the Fed, and as a leader can head this institution for an indefinite term, no one man is as influential on the markets as the Fed Chair.

The Dollar has plummeted in the currency markets and shows few signs of recovery or even stabilization. The new style and policies that accompanied Bernanke into office have made the Forex markets more volatile than ever and even more difficult to predict. An examination of what has gone awry can help Forex traders understand this new era at the Fed.

1. The Fed ignored the signs

The Fed has stated that it will never act as a regulator in any financial market, but it has the duty to use its influence for reform when it sees signs of consumer exploitation. Since as early as 2001, at least two senior officials inside the Fed urged its board to call for tighter regulations in the housing markets, especially in abuses that were clearly evident in the handling subprime mortgages. At the time, the White House was singing the praises of America’s new society of ownership, so the Fed took this cue and did nothing.

These deceptive loans were making possible the dream of home ownership to millions of Americans, even to those who could not come close to affording it. Now these same Americans are living through a nightmare of foreclosure and debt, much in thanks to the Fed’s willingness to ignore long-term repercussions and revel in immediate accomplishments, no matter how hollow and transitory they might be.

2. The Fed did too little too late

Other than advocating for reform, the Fed should have fully committed to a strategy of lowering target interest rates. Instead, Bernanke procrastinated, and when he did finally announce a cut, it was insufficient and ineffectual, at best. On December 11th, the Fed dropped its benchmark rate by a quarter of a percent rather than the half of a percent that had been called for by analysts and investors. Wall Street promptly responded, as the Dow plummeted nearly 300 points in one day.

The Fed might argue that this cut was prudent and that a more drastic cut would have unnecessarily fueled a rise in inflation. However, many view the Fed’s temerity in this matter as merely an extension of its inertial proclivity towards inaction.

3. The Fed kept interest rates too low for too long

Though this may seem to contradict the statements above, one of the reasons that the Fed might have hesitated in cutting rates is that they were already too low to begin with. Greenspan’s long tenure at the Fed was defined by a tendency to aggressively cut interest rates, which he began to do frequently in 1987 after the drastic correction in the stock market.

This initial move helped stave off disaster, but the further rate cuts of the late 1990s eventually led to the dot-com bubble. Rates should have been raised again in the early 2000s; if this had been done, the US might have avoided the furious borrowing that has led to the current credit crunch.

4. The Fed’s view of inflation is flawed

The Fed seems rather befuddled by this important economic indicator. The soaring costs of food and energy are a phenomenon is the US and worldwide, but the Fed does not take these developments into account.

The Fed’s analysis focuses on “core inflation,” which excludes a number of indices that it views as transitory, including energy and food costs. “Headline inflation,” which does take these costs into account, is favored by European economists, who view high energy prices as a long-term trend. By choosing to disregard the rising costs of a barrel of crude oil and a bottle of olive oil, the Fed is ignoring reality.

5. The Fed gives gold stars to those deserving detentions

Fed policy following the recent economic slowdown has done nothing but reward those who helped caused it. The majority of financial stocks have suffered of late, and justifiably so. However, the Fed seems dedicated to bailing out even the worst of the perpetrators with the recent set of economic interventions that it has enacted.

While working to eliminate any downturn in the market might seem feasible for short-term success, it is a purely shortsighted endeavor that will hurt the economy in the long run. In order for a free market to truly exist, bear markets must coexist peacefully with bull markets. Unfortunately, the Fed has its bright orange vest on and is going bear hunting. This is a doomed outing, and one that is going to get us all hurt in the end.

 

Futures Down Triple Digits on Hedge Fund Collapse

 

Dollar sinks to record low vs euro, currency basket

Stocks slip on rethink of Fed plan, oil over $110

Typical Bear Market Action

Feb budget gap balloons to record $175.56 bln (Reuters)
Eliot Spitzer's Rise and Fall On CNBC Tonight

Israelis kill four in West Bank - 

Foreclosures becoming 'nightmare' for cities...

Reid Won't Back Ban on Earmarks...
NY Gov Apologizes, but Quiet on Scandal...
PROSTITUTION RING?
It Wasn't the Sex; Suspicious $$ Transfers Led to Spitzer...
WNBC: Text Messages, Cell Phone Records May Link...
WCBS: Could Resign Tonight...
A Long Night for TIMES Metro Desk...
Scandal met with disbelief on fraudulent wall st where such is common place and no big deal as they say he along was really one of them...
It Wasn't the Sex; Suspicious $$ Transfers Led to Spitzer ABC News - By BRIAN ROSS The federal investigation of a New York prostitution ring was triggered by Gov. Eliot Spitzer's suspicious money transfers, initially leading agents to believe Spitzer was hiding bribes, according to federal officials.
UPDATE 1-FACTBOX-NYT names Spitzer as 'Client 9' in sex case Reuters
Newspaper Report: New York Governor Patronized Escort Service Voice of America

It’s alive! Sullivan: The Clintons, a horror film that never ends...

DICK MORRIS (3-19-08): 'Obama has already won the nomination. It's all over but the shouting'...

IT'S TIME TO CALL IN HATCHET MEN AGAINST THE CLINTONS

By DICK MORRIS & EILEEN MCGANN

Published in the New York Post on March 9, 2008.

Clintons are trying to steal the nomination from Barack Obama - and he can't let them.

The Clintons' campaign attacks put Obama in a bind.

If he doesn't answer in kind, he's toast.

But if he does, they'll have forced him off his winning message of hope and change from the bitter politics of the Bill Clinton and George W. Bush eras.

If they pull him off his game and onto theirs, they can wrest away the Democratic convention victory that he's earned.

The solution for Obama is clear: Reply in kind, but do it through surrogates.

Obama must answer Hillary's negative attacks and make counterpunches of his own to rock her back on her heels.

His holier-than-thou posture is fine for the opening stages of a campaign, but when your opponent starts throwing mud, you've got to answer.

While Hillary takes aim at Obama's buddy, Tony Rezko, the Obama people need to explore the dimensions of Hillary's relationship with con artist Norman Hsu, who donated almost a million dollars to her campaign, money he'd scammed from gullible investors.

Obama needs to enlist the likes of Ted Kennedy and his other supporters in making the case against Hillary.

After her victories in Texas and Ohio, Hillary is once again in play. Negatives about her matter. A full frontal assault on her integrity and on Bill's conflicts of interest (remember they have joint finances) will work and will stop the bleeding in the Obama campaign.

The Clintons would like nothing better than for Obama to remain passive, clinging to his desire to raise the tone of our politics.

If Sen. Clinton resorts to negative ads in the remaining primary states, Obama needs to do so, too, always keeping himself off camera and using an announcer to articulate his message.

As long as his attacks center on Hillary's and Bill's financial dealings and their relationships with lobbyists and special-interest groups, he will remain on message and his attacks will be in sync with his general approach to the race.

But Obama must make no mistake - it's time to fight back.

Dick Morris to Hillary: IT’S ALIVE AND IT'S OVER FOR YOU...

HILLARY'S 911 FABRICATION ON CHELSEA

Dick Morris & Eileen McGann / Newsmax | March 25, 2008

Now that Hillary Clinton has been nailed in an outright fabrication of her role in Bosnia, it is time to remind ourselves of another, even more galling fantasy that Hillary tried to sell the voters.

After 9/11, Hillary had a problem. New Yorkers were desperately focused on their own needs for protection and they were saddled with a Senator who was not one of them -- an Arkansasn or was it a Chicagoan?

Interviewed on the "Today" show one week after 9/11, she spun an elaborate yarn. The kindest thing we could say was that it was a fantasy. Or a fabrication.

She said that Chelsea was jogging around the World Trade Center on 9/11 and happened to duck into a coffee shop when the airplanes hit. She said that this move saved Chelsea's life. But Chelsea told Talk magazine that she was in a friend's apartment four miles from ground zero when the first plane hit. Her friend called her, waking her up, and told her to turn on the TV. On television, she saw the second plane hit, disproving Hillary's claim that "she heard the plane hit. She heard it. She did."

So why did Hillary make up the story about Chelsea? Most likely to was because her co-senator (and implicit rival for the voter's affection), a real New Yorker Chuck Schumer spoke of his daughter, who attended Stuyvesant High School (Dick's alma mater) located next to the TRade Center, being at real risk on 9/11. Hillary needed to make herself part of the scene.

She invented the entire story on national television, the "Today" show, and didn't blink an eye.

Her fabrication on the "Today" show was no unique foray. It is her standard M.O.. It gives us pause in evaluating all of her stories and calls into question her entire credibility.

Studies: Iraq costs US $12+BILLION per month (AP) 

‘Israeli Moves Weakening PA’

Obama Wins Wyoming Caucuses New York Times

BARACK IS BACK; WYOMING VICTORY
 

Exchange bets favor Obama for Democratic nomination Reuters - By David Alexander WASHINGTON (Reuters) - Hillary Clinton will win Democratic primary elections in Pennsylvania, Kentucky and West Virginia in the coming weeks, but rival Barack Obama will ultimately capture the party's presidential nomination, ...
Obama’s California Comeback Wall Street Journal
Dems Surge by 65000 in Pa. The Associated Press

Banks face "systemic margin call," $325 billion hit: JPM

History will likely record that the "$3-8 Trillion" Iraq War was a key reason
why the American economy shuddered to a stop and a new Great Depression began,
if the financial genocide continues :
 The spending on Iraq was a hidden cause of the current credit crunch because the US
central bank responded to the massive financial drain of the war by flooding the American economy with cheap credit.
 "The regulators were looking the other way and money was being lent to anybody this side of a life-support system..."
 That led to a housing bubble and a consumption boom, and the fallout was plunging the US economy into recession...

$106...
Oil Advances to Record as Dollar Drops to All-Time Low...
Homeowner Equity Lowest Since 1945...

Records galore: dollar plunges, oil and gold soar (AFP via Yahoo! News) Currency and commodity markets saw a flurry of record-setting performances Thursday, with the dollar tumbling to a new low against the euro as oil and gold leaped to unprecedented peaks.
Gold price strikes record high near 1,000 dollars (AFP via Yahoo! News)The price of gold hit a new record on Thursday close to the symbolic 1,000 dollars per ounce level as the precious metal was boosted again by the weak dollar, traders said.

Gulf investors may not save CITIGROUP, Dubai executive says...
Worries About Cash Levels...
OPEC president says he favors cutting oil output...
Crude May Rise to $120...

Vehicle Sales Plunge

Buffett: US Economy In Recession Associated Press | Mr. Dumbya bush, Mr. Buffett is on the red phone with an important message. WAKE UP YOU BURNT OUT SLACKER!
The Federal Reserve's rescue has failed
Stocks Tumble Around Globe in light of US Recession
9/11 protester arrested after yelling at Bill Clinton
Gold Gains to Record Above $980 on Dollar, Inflation Concerns
Dollar Falls to 3-Year Low on Speculation Debt Losses to Spread

UN Responsible for Israeli Aggression, Says Kingdom
Israel’s Moral Compass Is Flawed Linda Heard…..Ya Think?
Israeli Prime Minister Ehud Olmert says he doesn’t want lessons in morality. He’s right. He and his Cabinet are a lost cause on that front. Any attempts to appeal to their sense of right and wrong is futile because they are unconflicted Christ-killing war criminals.

Canada defends Obama over NAFTA flap...
Obama camp: Hillary needs double-digit wins or 'it's over'...
Delegate Math Could Cloud Results...
Oil Hits All-Time High...
...OPEC chiefs rule out need to raise output
Dollar falls to historic low...
Tourist Robbed For GAS MONEY...

Call For "Federal World Government" Endorsed By Hillary - Extended Clip
New Video: "Cocaine & the Contras" - Robert Parry & Gary Webb

 

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

POLL: Obama has lead in Texas, close in Ohio...

 

Smart Money Smells Bear Market (at Forbes.com)
S&P: US home prices down sharply
Worries grow for worse 'stagflation'
Oil passes $101 on weaker dollar
More Americans Using Credit Ccards to Stay Afloat  Sooner or later, when the easy credit is gone, there will be a collective howl as the heavily indebted middle class is turned out in the street in a modern version of the Grapes of Wrath.
Iraq war “caused slowdown in the US”
The March to War: USS Cole Gives War Jitters to Lebanon  Lebanese PM Fouad Siniora said he did “not ask anyone to send warships.” But since when did the neocons need permission to dispatch warships or, for that matter, invade countries and kill hundreds of thousands of people?
International war criminal nation israel air strikes kills six Gaza resident civilians: medics
Report: Israeli occupation causes terror
International war criminal israeli strike kills baby
Israel kills 31 Palestinians in Gaza raid
International law violator/war criminal nation israeli War Crimes Minister Threatens Palestinian Holocaust
Gazan civilians, women, children under fire by bully war criminal israelis who got pasted by Hezbollah in israel’s illegal Lebanon invasion, anger at International war criminal nation israel mounts - By Nidal al-Mughrabi GAZA (Reuters) - Under the most intense Israeli bombardment in years, the people of Gaza took cover on Saturday, some comforting children caught in the firing line, many saying the onslaught may bolster support for Israel's Hamas ...
At Least 45 Killed in Israeli Strikes in Gaza New York Times
Warsaw Ghetto and Gaza: Disturbing Parallels I saw a photo last week of a father holding his 6-month-old baby son. The father’s face was devoid of expression; the child in his arms was dead…..
Israeli strikes kill 54 in Gaza as freedom fighters send off barrage of ... International Herald Tribune
Deadly Israeli Attacks Kill 52 GAZA CITY, 2 March 2008 — Israel killed 52 Gazans — including women and children — and injured more than a hundred in a ground incursion yesterday deep into the Gaza Strip, making Saturday the deadliest...
Israel pledges to press on with Gaza offensive Reuters - By Nidal al-Mughrabi GAZA (Reuters) - Israel vowed on Sunday to press on with a Gaza offensive and curb rocket strikes, threatening stronger action despite UN condemnation of assaults that have killed 100 Palestinians, many of them civilians.
U.N. chief condemns Israel after bloody day in Gaza
Israel's Gaza Attacks Raise Arab Anger ABC News - Intensified Israeli airstrikes and fighting between Israeli troops and Palestinian militants have left more than 100 Palestinians dead.
Palestinians Suspend Peace Talks With Israel Over Gaza Bloodshed Voice of America
Israeli City Shocked As Rockets Hit The Associated Press
Abbas Suspends Talks With Israel Over Gaza Offensive
Editorial: Defusing Gaza 3 March 2008 What Israel is doing to the Palestinians in Gaza can and should be called a war crime, genocide, and to borrow from the lexicon of one Israeli official, a holocaust. Israel has declared open season...
International war criminal nation israel returns to Gaza to sabotage peace efforts, embarrass their terrorism sponsor america as Rice pushes peace talks to resume CNN International - GAZA CITY (CNN) -- Israeli soldiers returned to southern Gaza on Tuesday hours after Secretary of State Condoleezza Rice appeared in the West Bank calling for Israelis and Palestinians to promptly resume peace talks.
ZOGBY: 70 percent of Americans believe Media out of touch...
Sarkozy Le Pew backing neocon/bush lapdog phony Tony Blair's campaign to become first President of Europe...
Sicily Mafia 'restoring US links'
House of Cards: Consumers Turn to Credit Cards Amid Mortgage Crisis, Delaying Inevitable Defaults
Weak confidence, PPI jump stoke U.S. stagflation fear (Reuters)
Dollar slumps to record low beyond $1.50 to euro (Reuters)
...Euro Keeps on Climbing Against Dollar

McCain says he could lose over war issue

 

THE CLINTON BODY-COUNT Now that a Dallas police officer has died escorting Hillary Clinton’s motorcade, it is time to revisit the Clinton Body Count.
The Death of Vince Foster (he was having an affair with hillary clinton): What Really Happened? Evidence is presented that the death of White House Deputy Counsel Vince Foster was not a suicide.

 

Ex-DEA Head Admits CIA Imported Cocaine

WAR CRIMINAL DUMBYA BUSH AT NEW WELL DESERVED LOW APPROVAL RATING OF 18% ACCORDING TO LATEST POLL.

Economist Tells CNN: A New Great Depression is Coming
CNN | Economist John Williams: “It’s going to be the worst business cycle since the Great Depression.”

Buffett: US Economy In Recession

Bernanke: “You are all Dead Ducks”  Banks are battered by subprime liabilities, housing is in the tank, manufacturing is down, food and energy are up, unemployment rising… All that’s missing is a trumpet blast and the arrival of the Four Horseman.
Media Ignores Many Reasons for Foreclosures  Loss of good jobs through ‘free’ trade is just one of many reasons at heart of foreclosure epidemic.
Paulson’s Wild Ride on the Hindenburg: “The worst has just begun”  The next shoe to drop will be rising unemployment. Layoff notices have already gone out in new construction, retail, car manufacturing and financial services.

FT: America's economy is the mother of all meltdowns...

Fed Issues Gloomy Economic Forecast

Fed Forecasts Higher Unemployment, Slower Growth...

Institutional Money Continues to Flow Out of Stocks (at Seeking Alpha)

Credit Crisis Losses Will Put Black Monday in the Shade (at Seeking Alpha)

Smart Money Smells Bear Market (at Forbes.com)

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

There’s going to be an unprecedented wave of bank closures in the US and that people who want to hold on to their life savings are going have to be extra vigilant as the situation continues to deteriorate
Bush Administration Hides More Data, Shuts Down Website Tracking U.S. Economic Indicators

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

Economy lost 63000 jobs in February International Herald Tribune - By Michael M. Grynbaum The economy shed 63000 jobs in February, the government said Friday, the fastest falloff in five years and the strongest evidence yet that the nation is in a recession.
The Real Financial Numbers Behind the Lies  Real unemployment right now -- figured the way that the average person thinks of unemployment, meaning figured the way it was estimated back during the Great Depression -- is running about 12%. Real CPI right now is running at about 8%. And the real GDP probably is in contraction.
Oil Gyrates, but Hits New Record
Goldman Sachs: Oil May Reach $200 a Barrel
Dollar Heads for 4th Weekly Drop Versus Euro as U.S. Sheds Jobs

Bush, Congress hit new low in AP poll

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

Ex-DEA Head Admits CIA Imported Cocaine

Many believe the truth that US already in a recession

21 COUNTRIES MORE STABLE, PROSPEROUS THAN U.S.  Michael Evans Times Online March 25, 2008 The United Kingdom has been ranked as one of the most stable and prosperous countries in the world, beating the United States, France and even Switzerland in a global assessment of every nation’s achievements and standards.A one-year investigation and analysis of 235 countries and dependent territories has put the UK joint seventh in the premier league of nations. The top ten comprise also the Vatican, Sweden, Luxembourg, Monaco, Gibraltar, San Marino, Liechtenstein, the Netherlands and the Irish Republic.The US lies 22nd and Switzerland, normally associated with wealth and untouchable stability, is rated 17th, losing points in the assessment of its social achievements. The bottom ten, surprisingly, do not include Iraq. They are listed as Gaza and the West Bank, Somalia, Sudan, Afghanistan, Ivory Coast, Haiti, Zimbabwe, Chad, the Democratic Republic of Congo and the Central African Republic.

OBAMA RELATED TO PITT, CLINTON TO JOLIE

By DENISE LAVOIE, Associated Press Writer

BOSTON - This could make for one odd family reunion: Barack Obama is a distant cousin of actor Brad Pitt, and Hillary Rodham Clinton is related to Pitt's girlfriend, Angelina Jolie.

Researchers at the New England Historic Genealogical Society found some remarkable family connections for the three presidential candidates — Democratic rivals Obama and Clinton, and Republican John McCain.

Clinton, who is of French-Canadian descent on her mother's side, is also a distant cousin of singers Madonna, Celine Dion and Alanis Morissette. Obama, the son of a white woman from Kansas and a black man from Kenya, can call six U.S. presidents, including George W. Bush, his cousins. McCain is a sixth cousin of first lady Laura Bush.

"You'd think with all that singing talent in the family she'd be able to carry a tune," Clinton's senior adviser Philippe Reines said. "But now it makes much more sense how she snagged a Grammy."

Clinton won for best spoken word Grammy in 1997 for "It Takes a Village." Obama also won a Grammy in that category this year for the audio version of his book, "The Audacity Of Hope: Thoughts On Reclaiming The American Dream."

Genealogist Christopher Child said that while the candidates often focus on pointing out differences between them, their ancestry shows they are more alike than they think.

"It shows that lots of different people can be related, people you wouldn't necessarily expect," Child said.

Obama has a prolific presidential lineage that features Democrats and Republicans. His distant cousins include President George W. Bush and his father, George H.W. Bush, Gerald Ford, Lyndon Johnson, Harry S. Truman and James Madison. Other Obama cousins include Vice President Dick Cheney, British Prime Minister Sir Winston Churchill and Civil War General Robert E. Lee.

Obama often jokes about his cousin Cheney at campaign appearances.

"His kinships are across the political spectrum," Child said.

Child has spent the last three years tracing the candidates' genealogy, along with senior research scholar Gary Boyd Roberts, author of the 1989 book, "Ancestors of American Presidents."

Clinton's distant cousins include beatnik author Jack Kerouac and Camilla Parker-Bowles, wife of Prince Charles of England.

McCain's ancestry was more difficult to trace because records on his relatives were not as complete as records for the families of Obama and Clinton, Child said.

Obama and President Bush are 10th cousins, once removed, linked by Samuel Hinkley of Cape Cod, who died in 1662.

Pitt and Obama are ninth cousins, linked by Edwin Hickman, who died in Virginia in 1769. Ben LaBolt, a spokesman for the Obama campaign, declined to comment on the senator's ancestry.

Clinton and Jolie are ninth cousins, twice removed, both related to Jean Cusson who died in St. Sulpice, Quebec, in 1718.

The New England Historic Genealogical Society, founded in 1845, is the oldest and largest nonprofit genealogical organization in the country.

My God, no wonder this country is so f**ked up!

Pascal

Bobby Fischer, Genius of Chess, Dies at 64 New York Times - Heinz Ducklau/AP Boris Spassky and Mr. Fischer met at the XIX World Chess Olympiad in Siegen, Germany in 1970. More Photos > By BRUCE WEBER Bobby Fischer, the Chicago-born, Brooklyn-bred genius who became one of the greatest chess players the world has ever known. Chess legend Bobby Fischer dies in Iceland Reuters
The Great champion raised profile of chess Houston Chronicle

DOW DIVES AS CREDIT CONCERNS MOUNT

US economic troubles not over yet - Barron's

Retail in a state of "anarchy" as consumers retreat

Retailers seen closing stores, paring growth

US Nov machine tool demand off from Oct

Bank earnings to show mortgage woes are spreading to other loans

Price Increases Create Supermarket Shock for Consumers, Strong Returns for Commodities Investors 

Read Between Bernanke's Lines: Things Are Going To Get Worse 
Democrats: Iraqi troop buildup they backed and funded a failure

Alisbright: Along with clinton bush 'One of the Worst Presidencies' in History...

CITIGROUP, MERRILL LYNCH Seek More Foreign Capital...
Bernanke says Fed ready for aggressive cut...
RESCUE: BANK OF AMERICA in Talks to Acquire COUNTRYWIDE...
Countrywide CEO angelo mozzillo should be required to disgorge his $100 million + compensation of the past several inlated, fraudulent years.
AMERICAN EXPRESS to Take $440 Million Charge; cardholders failed to repay debts...
Gold Hits Another Record...

Citi to Announce Big Cuts and New Investors New York Times - By ERIC DASH Citigroup is expected to announce a series of drastic steps on Tuesday, including the elimination at least 4000 additional jobs, a steep cut in its stock dividend and another big investment by foreign investors, in a bid to bolster its ...
Citigroup Will Cut 20000 Jobs and Slash Dividend, WSJ Reports Bloomberg
Citi likely to announce dividend cut, layoffs: report Reuters

Congress members for incompetence/jobs poorly done get $4,000 pay raise

Kucinich seeks NH Dem vote recount
Kucinich: Surprise Hillary Victory A "Mystery That Needs To Be Solved"
RECOUNT - IS DENNIS KUCINICH WALKING INTO A TRAP?  BEV HARRIS  OP ED NEWS
Friday January 11, 2008 The election integrity community is abuzz with news that candidate Dennis Kucinich will ask for a recount in New Hampshire, and Ron Paul fans have been pushing him to recount as well. Careful.
NEW HAMPSHIRE ELECTION INTEGRITY ADVOCATE NANCY TOBI IS CORRECT: "We have no control over the ballot chain of custody and we have learned the pain from the 2004 Nader recount, in which only 11 districts were counted, chosen by a highly questionable person, and then nothing showed up. Now all we hear is how the Nader recount validated the machines." As Tobi says, "A candidate asking for a recount may well be a tool used to 'prove' everything was okay and then that candidate will be further discredited." I'll go further than that. The only way a recount makes any sense at all in New Hampshire is AFTER an assessment is made of the chain of custody issues. If the chain of custody isn't intact the recount won't be worth a cup of warm spit…..

The answer is: YES.
The criminal clinton/bush team/operatives are seasoned professionals (criminals) with their lives, liberty (they should be in jail), and huge prospective amounts of money at stake. They are relentless, ruthless, and not entirely stupid; just lacking true inspired talent/ability, and hence, america’s unequivocal decline in their rein. For the same reason that the machines are the touchstones for the vote fraud, the answer is unequivocally: YES.

It has been reported that bush is back on the sauce. 1-11-08

Forget oil, the 'new global crisis is food'

US INFLATED CREDIT RATING UNDER THREAT FROM SOARING WELFARE COSTS

Tokyo Stocks Fall Again - Fed Outlook Hurts Dollar

NCB Wisely, Rationally Seeks Review of Riyal Peg to Dollar

Gold Hits Record $900 an Ounce

Price Increases Create Supermarket Shock for Consumers (that’s why the fed excludes same from their meaningless and irrelevant core rate of inflation), Strong Returns for Commodities Investors 

Gold hits record high near $900 on rate cut hopes

SPEEDY SIDNEY: Clinton Advisor Blumenthal Arrested for 'Aggravated DWI'...

Israeli Party Fearful of Peace Threatens to Quit Govt Daaaaah! Always an excuse. Who could have seen that coming…..riiiiight!
As with and to provide balance to the misguided Balfour Declaration, time to impose the resolution, two-state plan.

Israeli troops kill six Palestinians in Gaza: medics (AFP)

Editorial: Shifting Economic Axis

Jobless Rate Hits 5%; 2-Year High

Stocks Drop

Bush 9/11 Whitewash Commission: CIA Obstructed Investigation

Bush Tells Israel to Dismantle Outposts

Govt Expects 30% Rise in Food Prices

Hillary Booed at NH Dem Party Dinner...

Edwards: The Clintons have no conscience...

Clinton Advisor Blumenthal Arrested for 'Aggravated DWI'...

PAPER: bush-clinton-bush Dynasty Loses Grip on Dem Party

CLINTON SUPPORTERS SUE TO DISRUPT NEVADA CAUCUS... ...

Denying WHO Membership to Taiwan Is a Gross Injustice

Waterboarding would be torture to me: U.S. spy chief

Events That Do Not Bode Well for 2008

Israel’s Quiet War While Ehud Olmert and Abu Mazen were duplicitously wheeling and dealing at Annapolis, several Israeli government ministries and security agencies were deploying their combined resources in a massive war operation aimed at thwarting the peace process...

Israel Kills 9 in Gaza

CIA-ISI Created “Qaeda Network” Blamed for Pakistan Troubles

In Another One of Many Blunders (will the israelis sell same to ie., China as they did with missile/other/related technology, info, etc.) israel to have access to U.S. National Ballistic Missile Defense System

Israel to assassinate Haniya: Report

Israeli Airstrikes Leave 7 Dead in Gaza

Knesset Report Blasts Israeli Military Failure

Countdown: Mobman giuliani Making Millions From Data Mining Company

2007 deadliest for US troops in Iraq

Edwards Takes An Unequivocal Stand: All Troops Out In 10 Months...

SHOCK: ORGANS TO BE TAKEN WITHOUT CONSENT IN UK...

Olmert’s Latest Excuse to Thwart Peace Process: Continuing war criminal israeli murders/assinations/illegal ocupation While Disingenuously Pressing PA to Take Steps for Fighting Terror
Israel: Biggest Single Self-destructive Irony of Western History Perhaps the biggest single self-destructive irony of Western history is best understood by standing in the town square of Bethlehem, allowing one’s gaze to pass over the roof top of the church that covers the stable where Jesus was supposedly born, and let one’s eye drift into the blue sky beyond and thinking: How on earth could it be that the Christians, whose belief in the divine center around Jesus’ crucifixion carried out by Roman soldiers but done at the behest of the Jewish populace, could turn round nearly two millennia later and say to the Jews in effect: We buy the argument that you are God’s chosen people and this land is your land and we are going to turn it over to you as your “national home”, even though the Arabs or their forefathers have been living here since the Romans kicked the Jews out of Babylon after demolishing the Temple in AD 70. This is what British foreign secretary, Arthur Balfour, did in his famous Declaration, strongly backed by Prime Minister Lloyd George, a religious man who saw the Jewish cause as one that must be supported by Christian charity…..
US Must Re-Evaluate Its Self-destructive Relationship With Israel

EDITORIAL: REALISM IN WASHINGTON After countless unsuccessful efforts to push Iraqis toward various political, economic and security goals, Washington is now shifting gear and, in fact, going in reverse.….The Bush administration has recently arrived at this formula not out of humility but out of desperation due to the failure of its past efforts. It is beginning to understand that Iraq needs to find an Iraqi solution to an American-made problem.

PELOSI REBUKES CONGRESSMAN FOR INFLAMMATORY GODFATHER BUSH COMMENTS..LEAVE HER GODFATHER ALONE SAYS GUINEA PELOSI…..Pelosimafiosi Claims She Has No Power to End Occupation, Promises CNN She'll Never Go Against the Don Godfather bush, Is all talk/show, incompetent, and doesn’t know what she’s doing, but would never Impeach her godfather bush, but lies blaming the lack of votes to end occupation when the truth is that she herself has the constitutional power to prevent any bill funding the war from coming to the floor for vote. Yes there is a woman in the house (her words), lest we need to be reminded that she has no balls, literally and figuratively.

N.Korea calls U.S. "criminals" days after Bush letter

This Year's Lack of Reason Beyond Greed, Blood-Lust is the war criminal bush/american Reason

Judicial Watch List of “Ten Most Wanted Corrupt Politicians” for 2007Judicial Watch | January 1, 2008
Washington, DC –Judicial Watch, the public interest group that investigates and prosecutes government corruption, today released its 2007 list of Washington’s “Ten Most Wanted Corrupt Politicians.” The list, in alphabetical order, includes:
1. Senator Hillary Rodham Clinton (D-NY): In addition to her long and sordid ethics record, Senator Hillary Clinton took a lot of heat in 2007 – and rightly so – for blocking the release her official White House records. Many suspect these records contain a treasure trove of information related to her role in a number of serious Clinton-era scandals. Moreover, in March 2007, Judicial Watch filed an ethics complaint against Senator Clinton for filing false financial disclosure forms with the U.S. Senate (again). And Hillary’s top campaign contributor, Norman Hsu, was exposed as a felon and a fugitive from justice in 2007. Hsu pleaded guilt to one count of grand theft for defrauding investors as part of a multi-million dollar Ponzi scheme.
2. Rep. John Conyers (D-MI): Conyers reportedly repeatedly violated the law and House ethics rules, forcing his staff to serve as his personal servants, babysitters, valets and campaign workers while on the government payroll. While the House Ethics Committee investigated these allegations in 2006, and substantiated a number of the accusations against Conyers, the committee blamed the staff and required additional administrative record-keeping and employee training. Judicial Watch obtained documentation in 2007 from a former Conyers staffer that sheds new light on the activities and conduct on the part of the Michigan congressman, which appear to be at a minimum inappropriate and likely unlawful. Judicial Watch called on the Attorney General in 2007 to investigate the matter.
3. Senator Larry Craig (R-ID): In one of the most shocking scandals of 2007, Senator Craig was caught by police attempting to solicit sex in a Minneapolis International Airport men’s bathroom during the summer. Senator Craig reportedly “sent signals” to a police officer in an adjacent stall that he wanted to engage in sexual activity. When the police officer showed Craig his police identification under the bathroom stall divider and pointed toward the exit, the senator reportedly exclaimed 'No!'” When asked to produce identification, Craig presented police his U.S. Senate business card and said, “What do you think of that?” The power play didn’t work. Craig was arrested, charged and entered a guilty plea. Despite enormous pressure from his Republican colleagues to resign from the Senate, Craig refused.
4. Senator Diane Feinstein (D-CA): As a member of the Senate Appropriations Committee's subcommittee on military construction, Feinstein reviewed military construction government contracts, some of which were ultimately awarded to URS Corporation and Perini, companies then owned by Feinstein's husband, Richard Blum. While the Pentagon ultimately awards military contracts, there is a reason for the review process. The Senate's subcommittee on Military Construction's approval carries weight. Sen. Feinstein, therefore, likely had influence over the decision making process. Senator Feinstein also attempted to undermine ethics reform in 2007, arguing in favor of a perk that allows members of Congress to book multiple airline flights and then cancel them without financial penalty. Judicial Watch’s investigation into this matter is ongoing.
5. Former New York Mayor Rudy Giuliani (R-NY): Giuliani came under fire in late 2007 after it was discovered the former New York mayor’s office “billed obscure city agencies for tens of thousands of dollars in security expenses amassed during the time when he was beginning an extramarital relationship with future wife Judith Nathan in the Hamptons…” ABC News also reported that Giuliani provided Nathan with a police vehicle and a city driver at taxpayer expense. All of this news came on the heels of the federal indictment on corruption charges of Giuliani’s former Police Chief and business partner Bernard Kerik, who pleaded guilty in 2006 to accepting a $165,000 bribe in the form of renovations to his Bronx apartment from a construction company attempting to land city contracts.
6. Governor Mike Huckabee (R-AR): Governor Huckabee enjoyed a meteoric rise in the polls in December 2007, which prompted a more thorough review of his ethics record. According to The Associated Press: “[Huckabee’s] career has also been colored by 14 ethics complaints and a volley of questions about his integrity, ranging from his management of campaign cash to his use of a nonprofit organization to subsidize his income to his destruction of state computer files on his way out of the governor’s office.” And what was Governor Huckabee’s response to these ethics allegations? Rather than cooperating with investigators, Huckabee sued the state ethics commission twice and attempted to shut the ethics process down.
7. I. Lewis “Scooter” Libby: Libby, former Chief of Staff to Vice President Dick Cheney, was sentenced to 30 months in prison and fined $250,000 for lying and obstructing the Valerie Plame CIA leak investigation. Libby was found guilty of four felonies -- two counts of perjury, one count of making false statements to the FBI and one count of obstructing justice – all serious crimes. Unfortunately, Libby was largely let off the hook. In an appalling lack of judgment, President Bush issued “Executive Clemency” to Libby and commuted the sentence.
8. Senator Barack Obama (D-IL): A “Dishonorable Mention” last year, Senator Obama moves onto the “ten most wanted” list in 2007. In 2006, it was discovered that Obama was involved in a suspicious real estate deal with an indicted political fundraiser, Antoin “Tony” Rezko. In 2007, more reports surfaced of deeper and suspicious business and political connections It was reported that just two months after he joined the Senate, Obama purchased $50,000 worth of stock in speculative companies whose major investors were his biggest campaign contributors. One of the companies was a biotech concern that benefited from legislation Obama pushed just two weeks after the senator purchased $5,000 of the company’s shares. Obama was also nabbed conducting campaign business in his Senate office, a violation of federal law.
9. Rep. Nancy Pelosi (D-CA): House Speaker Nancy Pelosi, who promised a new era of ethics enforcement in the House of Representatives, snuck a $25 million gift to her husband, Paul Pelosi, in a $15 billion Water Resources Development Act recently passed by Congress. The pet project involved renovating ports in Speaker Pelosi's home base of San Francisco. Pelosi just happens to own apartment buildings near the areas targeted for improvement, and will almost certainly experience a significant boost in property value as a result of Pelosi's earmark. Earlier in the year, Pelosi found herself in hot water for demanding access to a luxury Air Force jet to ferry the Speaker and her entourage back and forth from San Francisco non-stop, in unprecedented request which was wisely rejected by the Pentagon. And under Pelosi’s leadership, the House ethics process remains essentially shut down – which protects members in both parties from accountability.
10. Senator Harry Reid (D-NV): Over the last few years, Reid has been embroiled in a series of scandals that cast serious doubt on his credibility as a self-professed champion of government ethics, and 2007 was no different. According to The Los Angeles Times, over the last four years, Reid has used his influence in Washington to help a developer, Havey Whittemore, clear obstacles for a profitable real estate deal. As the project advanced, the Times reported, “Reid received tens of thousands of dollars in campaign contributions from Whittemore.” Whittemore also hired one of Reid’s sons (Leif) as his personal lawyer and then promptly handed the junior Reid the responsibility of negotiating the real estate deal with federal officials. Leif Reid even called his father’s office to talk about how to obtain the proper EPA permits, a clear conflict of interest.
Judicial Watch is a 501(c)(3) non-profit organization. Judicial Watch neither supports nor opposes candidates for public office. For more information, visit www.judicialwatch.org.

Peres: Iran war not necessary

Pakistan Readies Bhutto Funeral; Democracy Imperiled...
Red alert...
CHAOS: Police tear gas protesters...

Census: A new migrant every 30 seconds...

Fake News and Propaganda: Shaping Our Reality

How US policy makers unknowingly harm the USA
two questions become important here: 1. Why would US policy makers knowingly mislead or misstate facts to the American public. 2. And if it is true that they are misleading the public, then is this good or not.
Regional-USA, Analysis, 12/11/2007

Every One of Them Has Martyrs in Family

Israeli Raid Leaves Seven More Dead

Editorial: Plunder by the criminal americans of Iraqi of Heritage

Israel assassinate several Palestinians
They added that Husam Abu Habel, Mohammed al-Trmasi, Usama Yassin and Sameer Baker were killed on the spot as they were performing dawn prayers in al-Tawaba mosque in Jabalya town and their bodies reached Kamal Edwan hospital as scattered into pieces. While five citizens were wounded, one is seriously.
Palestine-Israel, Politics, 12/18/2007
Quarter of Israeli troops in West Bank witness to abuse: report - Yahoo
Palestine-Israel, Politics, 12/18/2007
Mideast Teams Begin Peace Talks - NY Times
Palestine-Israel, Politics, 12/18/2007
No Plans for Pope to Visit Israel - Yahoo
Palestine-Israel-Vatican, Politics, 12/18/2007
Aiming to Translate Politics Into Hope for Palestinians - NY Times
Palestine, Politics, 12/18/2007
Sealed Off by Israel, Gaza Reduced to Beggary - Washington Post
Palestine-Israel, Politics, 12/18/2007
US: Iran has stopped nuclear weapons development
The National Intelligence Council has made public the summary of a report on Iran's intentions regarding nuclear weapons. The report released early this month states that Iran had stopped work on design for nuclear weapons since several years.
Iran-UN, Politics, 12/11/2007

European Union recognizes Iran's right to nuclear energy
Leader's representative to the Supreme National Security Council Ali Larijani said Monday that he was totally against Iran leaving NPT. "I am totally against the country leaving NPT and believe that if the treaty is well implemented it will be in favor of global peace," said Larijani at a press conference on Monday.
Iran-UN, Politics, 12/11/2007

Egyptian support to Iran's nuclear rights
Head of Egypt's interest section in Tehran, Iran, Amr al-Ziat on Sunday submitted to Deputy Foreign Minister for Arab-African Affairs Reza Baqeri a written message from Egyptian Foreign Minister Ahmed Abul Gheit for his Iranian counterpart Manouchehr Mottaki.
Egypt-Iran, Politics, 12/11/2007

7 killed, 70 arrested in Israeli attack on Khan Younis
The death toll today mounted to seven Palestinians in the ongoing Israeli offensive in the Gaza Strip city of Khan Younis. Medical sources said.
Palestine-Israel, Military, 12/11/2007

Abbas: Israel wants to thwart talks before they start
Spokesman of Palestinian Presidency Nabil Abu Rdeieneh, today accused Israel of trying to thwart final status talks due to kick off Wednesday by launching offensive against the Gaza Strip.
Palestine-Israel, Politics, 12/11/2007

Turkey condemns Israeli settlement expansion
"News of the planned new settlements in east Jerusalem has shocked the world because it is a very blatant violation of the decisions made at the Middle East Peace Conference in Annapolis last month," Gul told reporters in Ankara at a press conference with Jordan's King Abdullah.
Israel-Turkey, Politics, 12/11/2007

Larijani: US proposed missile shield aims to take gulf states' wealth
The Iranian Supreme Leader's representative to the Supreme National Security Council Ali Larijani said yesterday that the US has raised the idea of setting up a missile shield in the Persian Gulf in order to plunder the Arab Gulf states' wealth.
Regional-Iran-USA, Politics, 12/11/2007

US criticises Israeli homes plan
Palestine-Israel-USA, Politics, 12/11/2007

Israel Settlement Move Against Annapolis: Saud

Israeli Operation Kills Six in Gaza

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

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

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

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

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

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

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

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

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

(12-10-07) The market started the week on a bulls**tish note, aided by a financial sector that rallied again on the back of news about capital infusions (good money after bad) despite write-downs/losses in the financial sector, ie., UBS, MBIA, etc.. Another fake report from the gov’t also helped the fraud. Already sugar coated fake data/news/reports have been as bad as could be and far worse than expected by the fed leading to new bull s**t fraud-facilitating talking point, viz., interest rate cut expectations despite worthless dollar and much higher than reported inflation, one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.), dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallied oil stocks (suuuuure) (11-30-07), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., all to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!  Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

UK PRIME MINISTER TELLS TROOPS: WAR IS OVER

State Dept.'s chief watchdog resigns Los Angeles Times - Krongard, the inspector general accused of thwarting Blackwater inquiries resigns to keep the cover-ups rolling.

Editorial: Obstruction of Justice at CIA At Odds

More Evidence of Obstruction of Justice in 9/11 Investigation

Poll: Nearly half of Hudson residents blame feds for 9/11

Secret DoJ Legal Memos: War criminal and moron dumbya bush Determines What Is Constitutional

Cartel Heads Greenspan and Welch Confronted Over Grossly Concentrated Power

Judith Giuliani had police protection before affair was public

PAPER: Huckabee issued more commutations, pardons than all six neighboring states combined

CIA admits destroying interrogation tapes

US Questions Jewish Settlement Move

(12-07-07) Awe shucks say frauds on wall street; if only the fake gov’t report on jobs came in at 93,998 thousand jobs created instead of way beyond economist estimates, 94,000, a half instead of quarter point interest rate reduction would have been assured, consumer confidence down, as so called (drop in the bucket/b.s. talking point) ‘plan’ appears only to look at other than the root/fraud and the source of recompense through prosecutions/disgorgement with the people now ‘holding the bag’ via pension, 401K plans, etc., one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.)

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

Paul Craig Roberts On America's Declining Superpower Status

Bush Administration Credibility Suffers After Iran NIE Report

House prices seen falling 30 pct

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

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

(12-06-07) Lower dollar, higher oil prices rally stocks as so called (drop in the bucket/b.s. talking point) ‘plan’ appears only to look at other than the root/fraud and the source of recompense through prosecutions/disgorgement with the people now ‘holding the bag’ via pension, 401K plans, etc.. They’re dreamin’! (12-05-07) Despite economists expectations of 60,000 new jobs, ADP, a jersey based company not unfamiliar to the fraud/crime of placing fake/non-existent employees on payrolls to facilitate (illegal/drug) money laundering plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure in excess of 3 times said amount (189,000), all othe news negative, dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking points, viz., ie., economists expectations of 60,000 new jobs topped by 3 times with false data from ADP, expectations of interest rate cut, $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-30-07) Already sugar coated fake data/news/reports as bad as could be and far worse than expected by the fed leading to new bull s**t fraud-facilitating talking point, viz., interest rate cut expectations despite worthless dollar and much higher than reported inflation, one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.), dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure) (11-30-07), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking point, viz., $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close  (11-29-07) to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!  Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

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

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

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

CNN: Seymour Hersh 'vindicated' by new Iran intel estimate

Two-thirds of Israelis oppose attack on Iran: poll

Bush told in Aug Iran may have halted nuclear program

Iran is not 'imminent threat': UN nuclear watchdog

SEASON'S BEATINGS from drudgereport.com:

Thugs Bash Boy Scouts With Shotgun to Steal Christmas Tree Money...

Woman viciously attacked by 9 students on Baltimore bus...

Boston Firefighter Stabbed: 'Don't want any gringo here'...

And murders: Nine dead in Nebraska mall shooting

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

Fake News and Propaganda: Shaping Our Reality

"The average age of the world's greatest civilizations has been two hundred years... from bondage to spiritual faith; to liberty; to abundance to selfishness; from selfishness to complacency and back again into bondage"

Mob boss swallowed secrets before dying like a dog at the hands of Italian Police.....

Sen. Webb: Bush using 'fear tactics' for more war funding

Dem rivals assail Clinton on More of the Same bucsham Iran vote

House prices 'will plummet by 10pc over the next year', says banking chief economist

Credit and economic woes sink Wall Street

National debt grows $1 million a minute

Americans enslaved – It’s mathematically impossible to repay all debt.

House Dems Schedule: Five-Day Work Week Only Three Times in '08...

National Debt Grows $1 Million a Minute...

Report contradicts Bush on Iran nuclear program

U.S. soldiers shoot 4 Iraqi civilians, one killed

US Military Deaths in Iraq at 3882

New report ranks US teens 29th in science worldwide Christian Science Monitor - By Amanda Paulson | Staff writer of The Christian Science Monitor Chicago - The United States lags behind most other developed countries when it comes to science education.
UK plummets in world rankings for maths and reading Guardian Unlimited
Reading and maths standards falling in Britain, says OECD Independent

Editorial: Bomb That Was Not

Abdallah Calls on Israel to Quit Arab Lands

(12-05-07) Despite economists expectations of 60,000 new jobs, ADP, a jersey based company not unfamiliar to the fraud/crime of placing fake/non-existent employees on payrolls to facilitate (illegal/drug) money laundering plays ball (I’m sure for a price/favor) with the frauds on wall street with a figure in excess of 3 times said amount (189,000), all of the news negative, dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking points, viz., ie., economists expectations of 60,000 new jobs topped by 3 times with false data from ADP, expectations of interest rate cut, $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-30-07) Already sugar coated fake data/news/reports as bad as could be and far worse than expected by the fed leading to new bull s**t fraud-facilitating talking point, viz., interest rate cut expectations despite worthless dollar and much higher than reported inflation, one analyst/reporter/journalist from inside sources pegs the sub-prime dollar value of the shilled worthless paper at $516 TRILLION (even a percentage of same renders the problem unfixable-hence, culpable parties must be held accountable and disgorge their ill-gotten gains from, ie., commissioning worthless paper, taking a point here or there and fraudulently passing same on, ad infinitum, etc.), dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure) (11-30-07), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking point, viz., $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce into the close (11-29-07) to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!  Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

(12-04-07) Earnings Recession Has Arrived U.S. corporate profits are in a recession, and the entire economy can not be far behind. Slower sales and higher energy and labor costs are forcing companies from Bear Stearns Cos. to Pitney Bowes Inc. to reduce spending and hiring. Their efforts to keep earnings from eroding even further raise the risk that the economy, already weakened by the steepest housing slide since 1991, may shrink sometime next year. ‘The earnings recession has already arrived, says David Rosenberg, North America economist for Merrill Lynch & Co. in New York. We are going to see an economic recession in '08.…..’

National debt grows $1 million a minute

Americans enslaved – It’s mathematically impossible to repay all debt.

Young Chimp Beats College Students... NEW YORK (AP) - Think you're smarter than a fifth-grader? How about a 5-year-old chimp? Japanese researchers pitted young chimps against human adults in tests of short-term memory, and overall, the chimps won…..

Fleischer Contradicts Rove: We ‘Determined The Timing,’ Karl ‘Just Has His Facts Wrong’ On Iraq War and his false assertions are Outlandish/Preposterous on their face  though Democrats are also complicit/culpable facilitators/pro-israel/israel lobby shills like the neo-con republican war mongers, who must be held accountable for the debacle in Iraq

National Debt Grows $1 Million a Minute...

Dear Deluded Mass Media, North American Union Agenda Exists

Report contradicts Bush on Iran nuclear program

USATODAYGALLUP Poll: Significant drops in support for Clinton & Giuliani...

Abdallah Calls on Israel to Quit Arab Lands

Ron Paul on the House of Cards

Israeli Airstrike in Gaza Kills 6 Palestinians-so much for war criminal israels fake peace talks probably done for u.s. money the u.s. doesn’t have…..s

CIA Used Jordan to Detain Suspects

Iowa Christian Alliance President: 'Bloodbath At Polls' If Rudy Nominated...

CHANGE confronts John Ashcroft on Sibel Edmonds Gagging, Torture Semantics

PAPER: Dems knew about waterboarding in 2002...

Report: Rudy has business ties to 9/11 facilitator

House prices fall at the fastest rate in 12 years fuelling fears of property crash

IMF warns of 'perfect storm' that could drag The West into recession

AMF Chief Rationally Urges GCC States to Drop Tumbling Worthless Dollar Peg

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

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

Giuliani billed obscure agencies for trips

Clinton I haven't considered possibility of losing Dem nomination

...Putin says USA meddling in election

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

Hillary Takes Cash From Recipients of Husband's Controversial Pardons
“While Bill Clinton was in Ireland to Fundraise for Hillary and the continuation of the Bush/Clinton dynasty, We Are Change Ireland tried to confront him,” a blurb on YouTube explains. “Clinton didn’t get out of his vehicle and walk down the ‘runway’… but he got the message loud and clear that everybody is waking up to the New World Order jig.”

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

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

Giuliani shows abortion danger for Republicans

Former Governor Tries to Gloss Over Ark. Record...

'Taxes funded Rudy Giuliani love trysts'

Hillary plants question in Republican debate Corruption

ABC: Giuliani's Mistress Used Police as Taxi Service...

Wells Fargo to take $1.4 billion charge for bad loans

House prices fall at the fastest rate in 12 years fuelling fears of property crash

IMF warns of 'perfect storm' that could drag The West into recession

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

Fake News and Propaganda: Shaping Our Reality

Impeach George Bush and Dick Cheney

Congress should impeach President Bush and Vice President Cheney for the following reasons:

1) The Offense of Lying and Inducing America to Support a War

President Bush and Vice President Cheney intentionally misled the Congress and the American people regarding the threat from Iraq in order to justify a war against Iraq, and intentionally conspired with others to defraud the United States in connection with the war against Iraq in violation of Title 18 United States Code, Section 371.

2) The Offense of Reckless Indifference to the Lives and Welfare of American Troops

President Bush and Vice President Cheney failed to provide US soldiers with bulletproof vests or appropriately-armored vehicles and had no serious plan for the aftermath of the war, thus demonstrating a complete disregard for the welfare of the troops and the need for proper governance of a country after occupation. The result has been a never-ending war that will cost U.S. taxpayers over $1 trillion with over 3,000 U.S. soldiers killed and over 21,000 wounded.

3) The Offense of Torture in Violation of U.S. Laws and Treaties

President Bush and Vice President Cheney conspired to commit the torture of prisoners in violation of the "Federal Torture Act," Title 18 United States Code, Section 113C, the UN Torture Convention and the Geneva Convention.

4) The Offense of Wiretapping Surveillance in Defiance of the Law

President Bush and Vice President Cheney admitted to ordering the National Security Agency to conduct electronic surveillance of American civilians without seeking warrants from the Foreign Intelligence Surveillance Court of Review, duly constituted by Congress in 1978, in violation of Title 50 United States Code, Section 1805.

Fascist America, in 10 easy steps

From Hitler to Pinochet and beyond, history shows there are certain steps that any would-be dictator must take to destroy constitutional freedoms. And, argues Naomi Wolf, George Bush and his administration have taken them all           Naomi Wolf

Last autumn, there was a military coup in Thailand. The leaders of the coup took a number of steps, rather systematically, as if they had a shopping list. In a sense, they did. Within a matter of days, democracy had been closed down: the coup leaders declared martial law, sent armed soldiers into residential areas, took over radio and TV stations, issued restrictions on the press, tightened some limits on travel, and took certain activists into custody.

They were not figuring these things out as they went along. If you look at history, you can see that there is essentially a blueprint for turning an open society into a dictatorship. That blueprint has been used again and again in more and less bloody, more and less terrifying ways. But it is always effective. It is very difficult and arduous to create and sustain a democracy - but history shows that closing one down is much simpler. You simply have to be willing to take the 10 steps.

As difficult as this is to contemplate, it is clear, if you are willing to look, that each of these 10 steps has already been initiated today in the United States by the Bush administration.

Because Americans like me were born in freedom, we have a hard time even considering that it is possible for us to become as unfree - domestically - as many other nations. Because we no longer learn much about our rights or our system of government - the task of being aware of the constitution has been outsourced from citizens' ownership to being the domain of professionals such as lawyers and professors - we scarcely recognise the checks and balances that the founders put in place, even as they are being systematically dismantled. Because we don't learn much about European history, the setting up of a department of "homeland" security - remember who else was keen on the word "homeland" - didn't raise the alarm bells it might have.

It is my argument that, beneath our very noses, George Bush and his administration are using time-tested tactics to close down an open society. It is time for us to be willing to think the unthinkable - as the author and political journalist Joe Conason, has put it, that it can happen here. And that we are further along than we realise.

Conason eloquently warned of the danger of American authoritarianism. I am arguing that we need also to look at the lessons of European and other kinds of fascism to understand the potential seriousness of the events we see unfolding in the US.

1. Invoke a terrifying internal and external enemy

After we were hit on September 11 2001, we were in a state of national shock. Less than six weeks later, on October 26 2001, the USA Patriot Act was passed by a Congress that had little chance to debate it; many said that they scarcely had time to read it. We were told we were now on a "war footing"; we were in a "global war" against a "global caliphate" intending to "wipe out civilisation". There have been other times of crisis in which the US accepted limits on civil liberties, such as during the civil war, when Lincoln declared martial law, and the second world war, when thousands of Japanese-American citizens were interned. But this situation, as Bruce Fein of the American Freedom Agenda notes, is unprecedented: all our other wars had an endpoint, so the pendulum was able to swing back toward freedom; this war is defined as open-ended in time and without national boundaries in space - the globe itself is the battlefield. "This time," Fein says, "there will be no defined end."

Creating a terrifying threat - hydra-like, secretive, evil - is an old trick. It can, like Hitler's invocation of a communist threat to the nation's security, be based on actual events (one Wisconsin academic has faced calls for his dismissal because he noted, among other things, that the alleged communist arson, the Reichstag fire of February 1933, was swiftly followed in Nazi Germany by passage of the Enabling Act, which replaced constitutional law with an open-ended state of emergency). Or the terrifying threat can be based, like the National Socialist evocation of the "global conspiracy of world Jewry", on myth.

It is not that global Islamist terrorism is not a severe danger; of course it is. I am arguing rather that the language used to convey the nature of the threat is different in a country such as Spain - which has also suffered violent terrorist attacks - than it is in America. Spanish citizens know that they face a grave security threat; what we as American citizens believe is that we are potentially threatened with the end of civilisation as we know it. Of course, this makes us more willing to accept restrictions on our freedoms.

2. Create a gulag

Once you have got everyone scared, the next step is to create a prison system outside the rule of law (as Bush put it, he wanted the American detention centre at Guantánamo Bay to be situated in legal "outer space") - where torture takes place.

At first, the people who are sent there are seen by citizens as outsiders: troublemakers, spies, "enemies of the people" or "criminals". Initially, citizens tend to support the secret prison system; it makes them feel safer and they do not identify with the prisoners. But soon enough, civil society leaders - opposition members, labour activists, clergy and journalists - are arrested and sent there as well.

This process took place in fascist shifts or anti-democracy crackdowns ranging from Italy and Germany in the 1920s and 1930s to the Latin American coups of the 1970s and beyond. It is standard practice for closing down an open society or crushing a pro-democracy uprising.

With its jails in Iraq and Afghanistan, and, of course, Guantánamo in Cuba, where detainees are abused, and kept indefinitely without trial and without access to the due process of the law, America certainly has its gulag now. Bush and his allies in Congress recently announced they would issue no information about the secret CIA "black site" prisons throughout the world, which are used to incarcerate people who have been seized off the street.

Gulags in history tend to metastasise, becoming ever larger and more secretive, ever more deadly and formalised. We know from first-hand accounts, photographs, videos and government documents that people, innocent and guilty, have been tortured in the US-run prisons we are aware of and those we can't investigate adequately.

But Americans still assume this system and detainee abuses involve only scary brown people with whom they don't generally identify. It was brave of the conservative pundit William Safire to quote the anti-Nazi pastor Martin Niemöller, who had been seized as a political prisoner: "First they came for the Jews." Most Americans don't understand yet that the destruction of the rule of law at Guantánamo set a dangerous precedent for them, too.

By the way, the establishment of military tribunals that deny prisoners due process tends to come early on in a fascist shift. Mussolini and Stalin set up such tribunals. On April 24 1934, the Nazis, too, set up the People's Court, which also bypassed the judicial system: prisoners were held indefinitely, often in isolation, and tortured, without being charged with offences, and were subjected to show trials. Eventually, the Special Courts became a parallel system that put pressure on the regular courts to abandon the rule of law in favour of Nazi ideology when making decisions.

3. Develop a thug caste

When leaders who seek what I call a "fascist shift" want to close down an open society, they send paramilitary groups of scary young men out to terrorise citizens. The Blackshirts roamed the Italian countryside beating up communists; the Brownshirts staged violent rallies throughout Germany. This paramilitary force is especially important in a democracy: you need citizens to fear thug violence and so you need thugs who are free from prosecution.

The years following 9/11 have proved a bonanza for America's security contractors, with the Bush administration outsourcing areas of work that traditionally fell to the US military. In the process, contracts worth hundreds of millions of dollars have been issued for security work by mercenaries at home and abroad. In Iraq, some of these contract operatives have been accused of involvement in torturing prisoners, harassing journalists and firing on Iraqi civilians. Under Order 17, issued to regulate contractors in Iraq by the one-time US administrator in Baghdad, Paul Bremer, these contractors are immune from prosecution

Yes, but that is in Iraq, you could argue; however, after Hurricane Katrina, the Department of Homeland Security hired and deployed hundreds of armed private security guards in New Orleans. The investigative journalist Jeremy Scahill interviewed one unnamed guard who reported having fired on unarmed civilians in the city. It was a natural disaster that underlay that episode - but the administration's endless war on terror means ongoing scope for what are in effect privately contracted armies to take on crisis and emergency management at home in US cities.

Thugs in America? Groups of angry young Republican men, dressed in identical shirts and trousers, menaced poll workers counting the votes in Florida in 2000. If you are reading history, you can imagine that there can be a need for "public order" on the next election day. Say there are protests, or a threat, on the day of an election; history would not rule out the presence of a private security firm at a polling station "to restore public order".

4. Set up an internal surveillance system

In Mussolini's Italy, in Nazi Germany, in communist East Germany, in communist China - in every closed society - secret police spy on ordinary people and encourage neighbours to spy on neighbours. The Stasi needed to keep only a minority of East Germans under surveillance to convince a majority that they themselves were being watched.

In 2005 and 2006, when James Risen and Eric Lichtblau wrote in the New York Times about a secret state programme to wiretap citizens' phones, read their emails and follow international financial transactions, it became clear to ordinary Americans that they, too, could be under state scrutiny.

In closed societies, this surveillance is cast as being about "national security"; the true function is to keep citizens docile and inhibit their activism and dissent.

5. Harass citizens' groups

The fifth thing you do is related to step four - you infiltrate and harass citizens' groups. It can be trivial: a church in Pasadena, whose minister preached that Jesus was in favour of peace, found itself being investigated by the Internal Revenue Service, while churches that got Republicans out to vote, which is equally illegal under US tax law, have been left alone.

Other harassment is more serious: the American Civil Liberties Union reports that thousands of ordinary American anti-war, environmental and other groups have been infiltrated by agents: a secret Pentagon database includes more than four dozen peaceful anti-war meetings, rallies or marches by American citizens in its category of 1,500 "suspicious incidents". The equally secret Counterintelligence Field Activity (Cifa) agency of the Department of Defense has been gathering information about domestic organisations engaged in peaceful political activities: Cifa is supposed to track "potential terrorist threats" as it watches ordinary US citizen activists. A little-noticed new law has redefined activism such as animal rights protests as "terrorism". So the definition of "terrorist" slowly expands to include the opposition.

6. Engage in arbitrary detention and release

This scares people. It is a kind of cat-and-mouse game. Nicholas D Kristof and Sheryl WuDunn, the investigative reporters who wrote China Wakes: the Struggle for the Soul of a Rising Power, describe pro-democracy activists in China, such as Wei Jingsheng, being arrested and released many times. In a closing or closed society there is a "list" of dissidents and opposition leaders: you are targeted in this way once you are on the list, and it is hard to get off the list.

In 2004, America's Transportation Security Administration confirmed that it had a list of passengers who were targeted for security searches or worse if they tried to fly. People who have found themselves on the list? Two middle-aged women peace activists in San Francisco; liberal Senator Edward Kennedy; a member of Venezuela's government - after Venezuela's president had criticised Bush; and thousands of ordinary US citizens.

Professor Walter F Murphy is emeritus of Princeton University; he is one of the foremost constitutional scholars in the nation and author of the classic Constitutional Democracy. Murphy is also a decorated former marine, and he is not even especially politically liberal. But on March 1 this year, he was denied a boarding pass at Newark, "because I was on the Terrorist Watch list".

"Have you been in any peace marches? We ban a lot of people from flying because of that," asked the airline employee.

"I explained," said Murphy, "that I had not so marched but had, in September 2006, given a lecture at Princeton, televised and put on the web, highly critical of George Bush for his many violations of the constitution."

"That'll do it," the man said.

Anti-war marcher? Potential terrorist. Support the constitution? Potential terrorist. History shows that the categories of "enemy of the people" tend to expand ever deeper into civil life.

James Yee, a US citizen, was the Muslim chaplain at Guantánamo who was accused of mishandling classified documents. He was harassed by the US military before the charges against him were dropped. Yee has been detained and released several times. He is still of interest.

Brandon Mayfield, a US citizen and lawyer in Oregon, was mistakenly identified as a possible terrorist. His house was secretly broken into and his computer seized. Though he is innocent of the accusation against him, he is still on the list.

It is a standard practice of fascist societies that once you are on the list, you can't get off.

7. Target key individuals

Threaten civil servants, artists and academics with job loss if they don't toe the line. Mussolini went after the rectors of state universities who did not conform to the fascist line; so did Joseph Goebbels, who purged academics who were not pro-Nazi; so did Chile's Augusto Pinochet; so does the Chinese communist Politburo in punishing pro-democracy students and professors.

Academe is a tinderbox of activism, so those seeking a fascist shift punish academics and students with professional loss if they do not "coordinate", in Goebbels' term, ideologically. Since civil servants are the sector of society most vulnerable to being fired by a given regime, they are also a group that fascists typically "coordinate" early on: the Reich Law for the Re-establishment of a Professional Civil Service was passed on April 7 1933.

Bush supporters in state legislatures in several states put pressure on regents at state universities to penalise or fire academics who have been critical of the administration. As for civil servants, the Bush administration has derailed the career of one military lawyer who spoke up for fair trials for detainees, while an administration official publicly intimidated the law firms that represent detainees pro bono by threatening to call for their major corporate clients to boycott them.

Elsewhere, a CIA contract worker who said in a closed blog that "waterboarding is torture" was stripped of the security clearance she needed in order to do her job.

Most recently, the administration purged eight US attorneys for what looks like insufficient political loyalty. When Goebbels purged the civil service in April 1933, attorneys were "coordinated" too, a step that eased the way of the increasingly brutal laws to follow.

8. Control the press

Italy in the 1920s, Germany in the 30s, East Germany in the 50s, Czechoslovakia in the 60s, the Latin American dictatorships in the 70s, China in the 80s and 90s - all dictatorships and would-be dictators target newspapers and journalists. They threaten and harass them in more open societies that they are seeking to close, and they arrest them and worse in societies that have been closed already.

The Committee to Protect Journalists says arrests of US journalists are at an all-time high: Josh Wolf (no relation), a blogger in San Francisco, has been put in jail for a year for refusing to turn over video of an anti-war demonstration; Homeland Security brought a criminal complaint against reporter Greg Palast, claiming he threatened "critical infrastructure" when he and a TV producer were filming victims of Hurricane Katrina in Louisiana. Palast had written a bestseller critical of the Bush administration.

Other reporters and writers have been punished in other ways. Joseph C Wilson accused Bush, in a New York Times op-ed, of leading the country to war on the basis of a false charge that Saddam Hussein had acquired yellowcake uranium in Niger. His wife, Valerie Plame, was outed as a CIA spy - a form of retaliation that ended her career.

Prosecution and job loss are nothing, though, compared with how the US is treating journalists seeking to cover the conflict in Iraq in an unbiased way. The Committee to Protect Journalists has documented multiple accounts of the US military in Iraq firing upon or threatening to fire upon unembedded (meaning independent) reporters and camera operators from organisations ranging from al-Jazeera to the BBC. While westerners may question the accounts by al-Jazeera, they should pay attention to the accounts of reporters such as the BBC's Kate Adie. In some cases reporters have been wounded or killed, including ITN's Terry Lloyd in 2003. Both CBS and the Associated Press in Iraq had staff members seized by the US military and taken to violent prisons; the news organisations were unable to see the evidence against their staffers.

Over time in closing societies, real news is supplanted by fake news and false documents. Pinochet showed Chilean citizens falsified documents to back up his claim that terrorists had been about to attack the nation. The yellowcake charge, too, was based on forged papers.

You won't have a shutdown of news in modern America - it is not possible. But you can have, as Frank Rich and Sidney Blumenthal have pointed out, a steady stream of lies polluting the news well. What you already have is a White House directing a stream of false information that is so relentless that it is increasingly hard to sort out truth from untruth. In a fascist system, it's not the lies that count but the muddying. When citizens can't tell real news from fake, they give up their demands for accountability bit by bit.

9. Dissent equals treason

Cast dissent as "treason" and criticism as "espionage'. Every closing society does this, just as it elaborates laws that increasingly criminalise certain kinds of speech and expand the definition of "spy" and "traitor". When Bill Keller, the publisher of the New York Times, ran the Lichtblau/Risen stories, Bush called the Times' leaking of classified information "disgraceful", while Republicans in Congress called for Keller to be charged with treason, and rightwing commentators and news outlets kept up the "treason" drumbeat. Some commentators, as Conason noted, reminded readers smugly that one penalty for violating the Espionage Act is execution.

Conason is right to note how serious a threat that attack represented. It is also important to recall that the 1938 Moscow show trial accused the editor of Izvestia, Nikolai Bukharin, of treason; Bukharin was, in fact, executed. And it is important to remind Americans that when the 1917 Espionage Act was last widely invoked, during the infamous 1919 Palmer Raids, leftist activists were arrested without warrants in sweeping roundups, kept in jail for up to five months, and "beaten, starved, suffocated, tortured and threatened with death", according to the historian Myra MacPherson. After that, dissent was muted in America for a decade.

In Stalin's Soviet Union, dissidents were "enemies of the people". National Socialists called those who supported Weimar democracy "November traitors".

And here is where the circle closes: most Americans do not realise that since September of last year - when Congress wrongly, foolishly, passed the Military Commissions Act of 2006 - the president has the power to call any US citizen an "enemy combatant". He has the power to define what "enemy combatant" means. The president can also delegate to anyone he chooses in the executive branch the right to define "enemy combatant" any way he or she wants and then seize Americans accordingly.

Even if you or I are American citizens, even if we turn out to be completely innocent of what he has accused us of doing, he has the power to have us seized as we are changing planes at Newark tomorrow, or have us taken with a knock on the door; ship you or me to a navy brig; and keep you or me in isolation, possibly for months, while awaiting trial. (Prolonged isolation, as psychiatrists know, triggers psychosis in otherwise mentally healthy prisoners. That is why Stalin's gulag had an isolation cell, like Guantánamo's, in every satellite prison. Camp 6, the newest, most brutal facility at Guantánamo, is all isolation cells.)

We US citizens will get a trial eventually - for now. But legal rights activists at the Center for Constitutional Rights say that the Bush administration is trying increasingly aggressively to find ways to get around giving even US citizens fair trials. "Enemy combatant" is a status offence - it is not even something you have to have done. "We have absolutely moved over into a preventive detention model - you look like you could do something bad, you might do something bad, so we're going to hold you," says a spokeswoman of the CCR.

Most Americans surely do not get this yet. No wonder: it is hard to believe, even though it is true. In every closing society, at a certain point there are some high-profile arrests - usually of opposition leaders, clergy and journalists. Then everything goes quiet. After those arrests, there are still newspapers, courts, TV and radio, and the facades of a civil society. There just isn't real dissent. There just isn't freedom. If you look at history, just before those arrests is where we are now.

10. Suspend the rule of law

The John Warner Defense Authorization Act of 2007 gave the president new powers over the national guard. This means that in a national emergency - which the president now has enhanced powers to declare - he can send Michigan's militia to enforce a state of emergency that he has declared in Oregon, over the objections of the state's governor and its citizens.

Even as Americans were focused on Britney Spears's meltdown and the question of who fathered Anna Nicole's baby, the New York Times editorialised about this shift: "A disturbing recent phenomenon in Washington is that laws that strike to the heart of American democracy have been passed in the dead of night ... Beyond actual insurrection, the president may now use military troops as a domestic police force in response to a natural disaster, a disease outbreak, terrorist attack or any 'other condition'."

Critics see this as a clear violation of the Posse Comitatus Act - which was meant to restrain the federal government from using the military for domestic law enforcement. The Democratic senator Patrick Leahy says the bill encourages a president to declare federal martial law. It also violates the very reason the founders set up our system of government as they did: having seen citizens bullied by a monarch's soldiers, the founders were terrified of exactly this kind of concentration of militias' power over American people in the hands of an oppressive executive or faction.

 

Dollar at/near record lows, consumer confidence down, housing/real estate/indices/prices down, durable goods orders down more than expected .4%, leading indicators down, oil price drop on “less demand” (riiiiight) rallies oil stocks (suuuuure), deficits, fake/false government reports/data, expectation of rate cut because things are so bad despite higher than reported inflation and negative effect on worthless dollar, etc., but newest bull s**t talking point, viz., $7.5 billion cash infusion from Abu Dhabi (a mere drop in the bucket relative to the magnitude of the problem) and bull s**t alone, sparks lunatics’/suckers’ bear market rally/dead dog bounce (11-28-07) to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!  Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital via, ie., ipo’S), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

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

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

Clinton I haven't considered possibility of losing Dem nomination

...Putin says USA meddling in election

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

Hillary Takes Cash From Recipients of Husband's Controversial Pardons
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UK TV hits Giuliani on 9/11 record
Corrupt mob-connected guinea giuliani and his team continue to offer conflicting answers to the question of whether he will make public the names of his pay-to-play “consulting” firm's clients.
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World Anglican leader launches attack on U.S. (Reuters)  and condemns war criminal america’s modus operandi, viz., ….. a quick burst of violent action will somehow clear the decks and that you can move on and other people will put things back together again -- Iraq for example.

120 War Vets Commit Suicide Each Week

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

Fake News and Propaganda: Shaping Our Reality

Impeach George Bush and Dick Cheney

Congress should impeach President Bush and Vice President Cheney for the following reasons:

1) The Offense of Lying and Inducing America to Support a War

President Bush and Vice President Cheney intentionally misled the Congress and the American people regarding the threat from Iraq in order to justify a war against Iraq, and intentionally conspired with others to defraud the United States in connection with the war against Iraq in violation of Title 18 United States Code, Section 371.

2) The Offense of Reckless Indifference to the Lives and Welfare of American Troops

President Bush and Vice President Cheney failed to provide US soldiers with bulletproof vests or appropriately-armored vehicles and had no serious plan for the aftermath of the war, thus demonstrating a complete disregard for the welfare of the troops and the need for proper governance of a country after occupation. The result has been a never-ending war that will cost U.S. taxpayers over $1 trillion with over 3,000 U.S. soldiers killed and over 21,000 wounded.

3) The Offense of Torture in Violation of U.S. Laws and Treaties

President Bush and Vice President Cheney conspired to commit the torture of prisoners in violation of the "Federal Torture Act," Title 18 United States Code, Section 113C, the UN Torture Convention and the Geneva Convention.

4) The Offense of Wiretapping Surveillance in Defiance of the Law

President Bush and Vice President Cheney admitted to ordering the National Security Agency to conduct electronic surveillance of American civilians without seeking warrants from the Foreign Intelligence Surveillance Court of Review, duly constituted by Congress in 1978, in violation of Title 50 United States Code, Section 1805.

Fascist America, in 10 easy steps

From Hitler to Pinochet and beyond, history shows there are certain steps that any would-be dictator must take to destroy constitutional freedoms. And, argues Naomi Wolf, George Bush and his administration have taken them all           Naomi Wolf

Last autumn, there was a military coup in Thailand. The leaders of the coup took a number of steps, rather systematically, as if they had a shopping list. In a sense, they did. Within a matter of days, democracy had been closed down: the coup leaders declared martial law, sent armed soldiers into residential areas, took over radio and TV stations, issued restrictions on the press, tightened some limits on travel, and took certain activists into custody.

They were not figuring these things out as they went along. If you look at history, you can see that there is essentially a blueprint for turning an open society into a dictatorship. That blueprint has been used again and again in more and less bloody, more and less terrifying ways. But it is always effective. It is very difficult and arduous to create and sustain a democracy - but history shows that closing one down is much simpler. You simply have to be willing to take the 10 steps.

As difficult as this is to contemplate, it is clear, if you are willing to look, that each of these 10 steps has already been initiated today in the United States by the Bush administration.

Because Americans like me were born in freedom, we have a hard time even considering that it is possible for us to become as unfree - domestically - as many other nations. Because we no longer learn much about our rights or our system of government - the task of being aware of the constitution has been outsourced from citizens' ownership to being the domain of professionals such as lawyers and professors - we scarcely recognise the checks and balances that the founders put in place, even as they are being systematically dismantled. Because we don't learn much about European history, the setting up of a department of "homeland" security - remember who else was keen on the word "homeland" - didn't raise the alarm bells it might have.

It is my argument that, beneath our very noses, George Bush and his administration are using time-tested tactics to close down an open society. It is time for us to be willing to think the unthinkable - as the author and political journalist Joe Conason, has put it, that it can happen here. And that we are further along than we realise.

Conason eloquently warned of the danger of American authoritarianism. I am arguing that we need also to look at the lessons of European and other kinds of fascism to understand the potential seriousness of the events we see unfolding in the US.

1. Invoke a terrifying internal and external enemy

After we were hit on September 11 2001, we were in a state of national shock. Less than six weeks later, on October 26 2001, the USA Patriot Act was passed by a Congress that had little chance to debate it; many said that they scarcely had time to read it. We were told we were now on a "war footing"; we were in a "global war" against a "global caliphate" intending to "wipe out civilisation". There have been other times of crisis in which the US accepted limits on civil liberties, such as during the civil war, when Lincoln declared martial law, and the second world war, when thousands of Japanese-American citizens were interned. But this situation, as Bruce Fein of the American Freedom Agenda notes, is unprecedented: all our other wars had an endpoint, so the pendulum was able to swing back toward freedom; this war is defined as open-ended in time and without national boundaries in space - the globe itself is the battlefield. "This time," Fein says, "there will be no defined end."

Creating a terrifying threat - hydra-like, secretive, evil - is an old trick. It can, like Hitler's invocation of a communist threat to the nation's security, be based on actual events (one Wisconsin academic has faced calls for his dismissal because he noted, among other things, that the alleged communist arson, the Reichstag fire of February 1933, was swiftly followed in Nazi Germany by passage of the Enabling Act, which replaced constitutional law with an open-ended state of emergency). Or the terrifying threat can be based, like the National Socialist evocation of the "global conspiracy of world Jewry", on myth.

It is not that global Islamist terrorism is not a severe danger; of course it is. I am arguing rather that the language used to convey the nature of the threat is different in a country such as Spain - which has also suffered violent terrorist attacks - than it is in America. Spanish citizens know that they face a grave security threat; what we as American citizens believe is that we are potentially threatened with the end of civilisation as we know it. Of course, this makes us more willing to accept restrictions on our freedoms.

2. Create a gulag

Once you have got everyone scared, the next step is to create a prison system outside the rule of law (as Bush put it, he wanted the American detention centre at Guantánamo Bay to be situated in legal "outer space") - where torture takes place.

At first, the people who are sent there are seen by citizens as outsiders: troublemakers, spies, "enemies of the people" or "criminals". Initially, citizens tend to support the secret prison system; it makes them feel safer and they do not identify with the prisoners. But soon enough, civil society leaders - opposition members, labour activists, clergy and journalists - are arrested and sent there as well.

This process took place in fascist shifts or anti-democracy crackdowns ranging from Italy and Germany in the 1920s and 1930s to the Latin American coups of the 1970s and beyond. It is standard practice for closing down an open society or crushing a pro-democracy uprising.

With its jails in Iraq and Afghanistan, and, of course, Guantánamo in Cuba, where detainees are abused, and kept indefinitely without trial and without access to the due process of the law, America certainly has its gulag now. Bush and his allies in Congress recently announced they would issue no information about the secret CIA "black site" prisons throughout the world, which are used to incarcerate people who have been seized off the street.

Gulags in history tend to metastasise, becoming ever larger and more secretive, ever more deadly and formalised. We know from first-hand accounts, photographs, videos and government documents that people, innocent and guilty, have been tortured in the US-run prisons we are aware of and those we can't investigate adequately.

But Americans still assume this system and detainee abuses involve only scary brown people with whom they don't generally identify. It was brave of the conservative pundit William Safire to quote the anti-Nazi pastor Martin Niemöller, who had been seized as a political prisoner: "First they came for the Jews." Most Americans don't understand yet that the destruction of the rule of law at Guantánamo set a dangerous precedent for them, too.

By the way, the establishment of military tribunals that deny prisoners due process tends to come early on in a fascist shift. Mussolini and Stalin set up such tribunals. On April 24 1934, the Nazis, too, set up the People's Court, which also bypassed the judicial system: prisoners were held indefinitely, often in isolation, and tortured, without being charged with offences, and were subjected to show trials. Eventually, the Special Courts became a parallel system that put pressure on the regular courts to abandon the rule of law in favour of Nazi ideology when making decisions.

3. Develop a thug caste

When leaders who seek what I call a "fascist shift" want to close down an open society, they send paramilitary groups of scary young men out to terrorise citizens. The Blackshirts roamed the Italian countryside beating up communists; the Brownshirts staged violent rallies throughout Germany. This paramilitary force is especially important in a democracy: you need citizens to fear thug violence and so you need thugs who are free from prosecution.

The years following 9/11 have proved a bonanza for America's security contractors, with the Bush administration outsourcing areas of work that traditionally fell to the US military. In the process, contracts worth hundreds of millions of dollars have been issued for security work by mercenaries at home and abroad. In Iraq, some of these contract operatives have been accused of involvement in torturing prisoners, harassing journalists and firing on Iraqi civilians. Under Order 17, issued to regulate contractors in Iraq by the one-time US administrator in Baghdad, Paul Bremer, these contractors are immune from prosecution

Yes, but that is in Iraq, you could argue; however, after Hurricane Katrina, the Department of Homeland Security hired and deployed hundreds of armed private security guards in New Orleans. The investigative journalist Jeremy Scahill interviewed one unnamed guard who reported having fired on unarmed civilians in the city. It was a natural disaster that underlay that episode - but the administration's endless war on terror means ongoing scope for what are in effect privately contracted armies to take on crisis and emergency management at home in US cities.

Thugs in America? Groups of angry young Republican men, dressed in identical shirts and trousers, menaced poll workers counting the votes in Florida in 2000. If you are reading history, you can imagine that there can be a need for "public order" on the next election day. Say there are protests, or a threat, on the day of an election; history would not rule out the presence of a private security firm at a polling station "to restore public order".

4. Set up an internal surveillance system

In Mussolini's Italy, in Nazi Germany, in communist East Germany, in communist China - in every closed society - secret police spy on ordinary people and encourage neighbours to spy on neighbours. The Stasi needed to keep only a minority of East Germans under surveillance to convince a majority that they themselves were being watched.

In 2005 and 2006, when James Risen and Eric Lichtblau wrote in the New York Times about a secret state programme to wiretap citizens' phones, read their emails and follow international financial transactions, it became clear to ordinary Americans that they, too, could be under state scrutiny.

In closed societies, this surveillance is cast as being about "national security"; the true function is to keep citizens docile and inhibit their activism and dissent.

5. Harass citizens' groups

The fifth thing you do is related to step four - you infiltrate and harass citizens' groups. It can be trivial: a church in Pasadena, whose minister preached that Jesus was in favour of peace, found itself being investigated by the Internal Revenue Service, while churches that got Republicans out to vote, which is equally illegal under US tax law, have been left alone.

Other harassment is more serious: the American Civil Liberties Union reports that thousands of ordinary American anti-war, environmental and other groups have been infiltrated by agents: a secret Pentagon database includes more than four dozen peaceful anti-war meetings, rallies or marches by American citizens in its category of 1,500 "suspicious incidents". The equally secret Counterintelligence Field Activity (Cifa) agency of the Department of Defense has been gathering information about domestic organisations engaged in peaceful political activities: Cifa is supposed to track "potential terrorist threats" as it watches ordinary US citizen activists. A little-noticed new law has redefined activism such as animal rights protests as "terrorism". So the definition of "terrorist" slowly expands to include the opposition.

6. Engage in arbitrary detention and release

This scares people. It is a kind of cat-and-mouse game. Nicholas D Kristof and Sheryl WuDunn, the investigative reporters who wrote China Wakes: the Struggle for the Soul of a Rising Power, describe pro-democracy activists in China, such as Wei Jingsheng, being arrested and released many times. In a closing or closed society there is a "list" of dissidents and opposition leaders: you are targeted in this way once you are on the list, and it is hard to get off the list.

In 2004, America's Transportation Security Administration confirmed that it had a list of passengers who were targeted for security searches or worse if they tried to fly. People who have found themselves on the list? Two middle-aged women peace activists in San Francisco; liberal Senator Edward Kennedy; a member of Venezuela's government - after Venezuela's president had criticised Bush; and thousands of ordinary US citizens.

Professor Walter F Murphy is emeritus of Princeton University; he is one of the foremost constitutional scholars in the nation and author of the classic Constitutional Democracy. Murphy is also a decorated former marine, and he is not even especially politically liberal. But on March 1 this year, he was denied a boarding pass at Newark, "because I was on the Terrorist Watch list".

"Have you been in any peace marches? We ban a lot of people from flying because of that," asked the airline employee.

"I explained," said Murphy, "that I had not so marched but had, in September 2006, given a lecture at Princeton, televised and put on the web, highly critical of George Bush for his many violations of the constitution."

"That'll do it," the man said.

Anti-war marcher? Potential terrorist. Support the constitution? Potential terrorist. History shows that the categories of "enemy of the people" tend to expand ever deeper into civil life.

James Yee, a US citizen, was the Muslim chaplain at Guantánamo who was accused of mishandling classified documents. He was harassed by the US military before the charges against him were dropped. Yee has been detained and released several times. He is still of interest.

Brandon Mayfield, a US citizen and lawyer in Oregon, was mistakenly identified as a possible terrorist. His house was secretly broken into and his computer seized. Though he is innocent of the accusation against him, he is still on the list.

It is a standard practice of fascist societies that once you are on the list, you can't get off.

7. Target key individuals

Threaten civil servants, artists and academics with job loss if they don't toe the line. Mussolini went after the rectors of state universities who did not conform to the fascist line; so did Joseph Goebbels, who purged academics who were not pro-Nazi; so did Chile's Augusto Pinochet; so does the Chinese communist Politburo in punishing pro-democracy students and professors.

Academe is a tinderbox of activism, so those seeking a fascist shift punish academics and students with professional loss if they do not "coordinate", in Goebbels' term, ideologically. Since civil servants are the sector of society most vulnerable to being fired by a given regime, they are also a group that fascists typically "coordinate" early on: the Reich Law for the Re-establishment of a Professional Civil Service was passed on April 7 1933.

Bush supporters in state legislatures in several states put pressure on regents at state universities to penalise or fire academics who have been critical of the administration. As for civil servants, the Bush administration has derailed the career of one military lawyer who spoke up for fair trials for detainees, while an administration official publicly intimidated the law firms that represent detainees pro bono by threatening to call for their major corporate clients to boycott them.

Elsewhere, a CIA contract worker who said in a closed blog that "waterboarding is torture" was stripped of the security clearance she needed in order to do her job.

Most recently, the administration purged eight US attorneys for what looks like insufficient political loyalty. When Goebbels purged the civil service in April 1933, attorneys were "coordinated" too, a step that eased the way of the increasingly brutal laws to follow.

8. Control the press

Italy in the 1920s, Germany in the 30s, East Germany in the 50s, Czechoslovakia in the 60s, the Latin American dictatorships in the 70s, China in the 80s and 90s - all dictatorships and would-be dictators target newspapers and journalists. They threaten and harass them in more open societies that they are seeking to close, and they arrest them and worse in societies that have been closed already.

The Committee to Protect Journalists says arrests of US journalists are at an all-time high: Josh Wolf (no relation), a blogger in San Francisco, has been put in jail for a year for refusing to turn over video of an anti-war demonstration; Homeland Security brought a criminal complaint against reporter Greg Palast, claiming he threatened "critical infrastructure" when he and a TV producer were filming victims of Hurricane Katrina in Louisiana. Palast had written a bestseller critical of the Bush administration.

Other reporters and writers have been punished in other ways. Joseph C Wilson accused Bush, in a New York Times op-ed, of leading the country to war on the basis of a false charge that Saddam Hussein had acquired yellowcake uranium in Niger. His wife, Valerie Plame, was outed as a CIA spy - a form of retaliation that ended her career.

Prosecution and job loss are nothing, though, compared with how the US is treating journalists seeking to cover the conflict in Iraq in an unbiased way. The Committee to Protect Journalists has documented multiple accounts of the US military in Iraq firing upon or threatening to fire upon unembedded (meaning independent) reporters and camera operators from organisations ranging from al-Jazeera to the BBC. While westerners may question the accounts by al-Jazeera, they should pay attention to the accounts of reporters such as the BBC's Kate Adie. In some cases reporters have been wounded or killed, including ITN's Terry Lloyd in 2003. Both CBS and the Associated Press in Iraq had staff members seized by the US military and taken to violent prisons; the news organisations were unable to see the evidence against their staffers.

Over time in closing societies, real news is supplanted by fake news and false documents. Pinochet showed Chilean citizens falsified documents to back up his claim that terrorists had been about to attack the nation. The yellowcake charge, too, was based on forged papers.

You won't have a shutdown of news in modern America - it is not possible. But you can have, as Frank Rich and Sidney Blumenthal have pointed out, a steady stream of lies polluting the news well. What you already have is a White House directing a stream of false information that is so relentless that it is increasingly hard to sort out truth from untruth. In a fascist system, it's not the lies that count but the muddying. When citizens can't tell real news from fake, they give up their demands for accountability bit by bit.

9. Dissent equals treason

Cast dissent as "treason" and criticism as "espionage'. Every closing society does this, just as it elaborates laws that increasingly criminalise certain kinds of speech and expand the definition of "spy" and "traitor". When Bill Keller, the publisher of the New York Times, ran the Lichtblau/Risen stories, Bush called the Times' leaking of classified information "disgraceful", while Republicans in Congress called for Keller to be charged with treason, and rightwing commentators and news outlets kept up the "treason" drumbeat. Some commentators, as Conason noted, reminded readers smugly that one penalty for violating the Espionage Act is execution.

Conason is right to note how serious a threat that attack represented. It is also important to recall that the 1938 Moscow show trial accused the editor of Izvestia, Nikolai Bukharin, of treason; Bukharin was, in fact, executed. And it is important to remind Americans that when the 1917 Espionage Act was last widely invoked, during the infamous 1919 Palmer Raids, leftist activists were arrested without warrants in sweeping roundups, kept in jail for up to five months, and "beaten, starved, suffocated, tortured and threatened with death", according to the historian Myra MacPherson. After that, dissent was muted in America for a decade.

In Stalin's Soviet Union, dissidents were "enemies of the people". National Socialists called those who supported Weimar democracy "November traitors".

And here is where the circle closes: most Americans do not realise that since September of last year - when Congress wrongly, foolishly, passed the Military Commissions Act of 2006 - the president has the power to call any US citizen an "enemy combatant". He has the power to define what "enemy combatant" means. The president can also delegate to anyone he chooses in the executive branch the right to define "enemy combatant" any way he or she wants and then seize Americans accordingly.

Even if you or I are American citizens, even if we turn out to be completely innocent of what he has accused us of doing, he has the power to have us seized as we are changing planes at Newark tomorrow, or have us taken with a knock on the door; ship you or me to a navy brig; and keep you or me in isolation, possibly for months, while awaiting trial. (Prolonged isolation, as psychiatrists know, triggers psychosis in otherwise mentally healthy prisoners. That is why Stalin's gulag had an isolation cell, like Guantánamo's, in every satellite prison. Camp 6, the newest, most brutal facility at Guantánamo, is all isolation cells.)

We US citizens will get a trial eventually - for now. But legal rights activists at the Center for Constitutional Rights say that the Bush administration is trying increasingly aggressively to find ways to get around giving even US citizens fair trials. "Enemy combatant" is a status offence - it is not even something you have to have done. "We have absolutely moved over into a preventive detention model - you look like you could do something bad, you might do something bad, so we're going to hold you," says a spokeswoman of the CCR.

Most Americans surely do not get this yet. No wonder: it is hard to believe, even though it is true. In every closing society, at a certain point there are some high-profile arrests - usually of opposition leaders, clergy and journalists. Then everything goes quiet. After those arrests, there are still newspapers, courts, TV and radio, and the facades of a civil society. There just isn't real dissent. There just isn't freedom. If you look at history, just before those arrests is where we are now.

10. Suspend the rule of law

The John Warner Defense Authorization Act of 2007 gave the president new powers over the national guard. This means that in a national emergency - which the president now has enhanced powers to declare - he can send Michigan's militia to enforce a state of emergency that he has declared in Oregon, over the objections of the state's governor and its citizens.

Even as Americans were focused on Britney Spears's meltdown and the question of who fathered Anna Nicole's baby, the New York Times editorialised about this shift: "A disturbing recent phenomenon in Washington is that laws that strike to the heart of American democracy have been passed in the dead of night ... Beyond actual insurrection, the president may now use military troops as a domestic police force in response to a natural disaster, a disease outbreak, terrorist attack or any 'other condition'."

Critics see this as a clear violation of the Posse Comitatus Act - which was meant to restrain the federal government from using the military for domestic law enforcement. The Democratic senator Patrick Leahy says the bill encourages a president to declare federal martial law. It also violates the very reason the founders set up our system of government as they did: having seen citizens bullied by a monarch's soldiers, the founders were terrified of exactly this kind of concentration of militias' power over American people in the hands of an oppressive executive or faction.

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Weak dollar pushes oil over $99

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Record low dollar, record high oil/gold prices, deficits, fake/false government reports/data, etc., but bull s**t alone, sparks lunatics’/suckers’ bear market rally dead dog bounce into the close to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!  Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america. Remember: more contrived wasteful commissions to the wall street frauds, the level and percentage of which should be examined in light of computerization and decreased costs attendant to same especially since only A Very Small Fraction Of What wall street Does Is A Net Positive For The Economy (New Investment Capital), The Rest Is Tantamount To A (Economically) "Wasteful Tax" (On The Economy) via 'churn and earn' computerized programmed trades.

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Economic Expert Says Global Crash Imminent
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PAPER: THE DOLLAR'S DECLINE... SHUNNED CURRENCY...

OPEC Interested in Non-Dollar Currency...

$100-barrel a 'fair' price...

Pump price to jump 20 cents next 2-3 weeks: government

Fastest rise in food prices for 14 years

War costs will top $1.6 trillion, panel says

Gasoline up to $3.11, closing in on record...

Fake government reports from the notoriously scandal-plagued u.s. commerce department . I say they’re telling the people/frauds on wall street what they want/need to here, keeping the suckers suckered. Remember, they lie about everything, especially for money!

Record low dollar, record high oil/gold prices, deficits, etc., but bull s**t alone, albeit irrelevant bull s**t from china profits manufacturing distribution co. walmart, sparks lunatics/suckers’ bear market rally dead dog bounce to keep the suckers suckered and computerized commission trade dollars flowing, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!  Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america.

New Poll Shows Majority Want Immediate Iraq Troop Withdrawal

The Ebbing Financial Flood By: Bill Bonner, Lila Rajiva & The Daily Reckoning Crew ..…is a loss of $1.3 trillion.
That's in U.S. dollars. But the U.S. dollar has lost about 10% of its value this year. So, the real world loss to investors is more than twice that amount…or around $3 trillion. Add to that the loss in housing values - probably about another $1 trillion, so far. And then, there are the losses, both announced and still hidden, in subprime debt and derivatives, which could tote up to another $0.5 trillion or so.
…...

Realtors revise home sales forecast lower again

The Last Dead Bull-Sh**t Artist on Wall Street  MIKE WHITNEY Counterpunch  November 12, 2007
…..Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block….. This is a bear market now. … The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant…..The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's low-interest snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure. Food and oil prices will shoot to the moon overnight and the remains of the greenback will be carted off to the nearest boneyard. September's trade deficit was another blow to the waning dollar. The Census Bureau reported on Friday that the deficit clocked in at $56.5 billion. That's $684 billion per annum! ….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now! .....

International Economic Forecast for November 2007

By:BobChapman,TheInternationalForecaster

Someone doesn’t believe the government’s figures. Yes, we know there is a credit crisis and that the banks and others will be writing off hundreds of billions of dollars, but too many investors and professionals are finally realizing that our government lies about everything. Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years. They are not even believable liars. If you remember our government and those on Wall Street and CNBC told us over and over that we had reached the bottom of the real estate market. Now they tell us we may have a little farther to go in what will be the worst correction since the 1930s. Our economy has an inflation problem and the only resilience we see is the result of massive amounts of money and credit being injected into the economy. That is the result of a 15% increase in money and credit and a wide open discount window. This is how economic growth is being manufactured and the result is hyperinflation. You are supposed to believe that our inflation is as low as it was in the 1950s …. How can anyone conceivably believe with oil close to $100 a barrel that inflation is 2-2/3%, never mind all the other inflationary factors?…..we are correct in our inflation estimate there is no growth….. The bogus third quarter GDP figures were a milestone in stupidity.…. but that wouldn’t have been good enough for the charlatans and crooks of Wall Street and the beltway. This economy has been contracting for 1-1/2 years and official lies and massive amounts of money and credit have covered that up. The Fed knows the economy is in recession ….. Inflation is 11.3%, not 0.8% monthly, as the Commerce Department would have us believe. The Fed doesn’t care about inflation - they just lie about it. They have abandoned the dollar…..If you look at the BLS’s household survey there was no job growth last month. In fact, the labor force contracted by 211,000 jobs.….This is nothing new – it’s just been covered up. If you remember unemployment has already moved from 4.4% to 4.7% over the past several months and that is official. Can you imagine what the real numbers_are? The credit market is still frozen and greater losses will continue to be announced as more and more foreclosures disrupt the system. Foreclosures are up over 200% and high numbers should prevail for 1-1/2 years or longer….. Considering all the other problems we could see the dollar at 50 on the USDX. The credit crisis will last years, not months. We believe domestic demand was 1-1/2% to 2% in GDP for the third quarter. That was fueled by equity cash outs of about $150 billion, which was equal to 50% of the rise in total consumer spending during the first half of the year. Over 5-1/2 years $1.1 trillion in equity extractions went toward consumer spending. This represented a 46% increase in total consumer spending over the same period. At the end of the second quarter household mortgage debt was over $10 trillion versus $4.295 trillion in 1999. Thus, in 6-1/2 years the household sector mortgage debt increased by $5.8 trillion, or 136%. Mortgage debt relative to disposable personal income surged from 64.7% at the end of 1999 to 100.2% at the end of the second quarter. This 35.5% rise was greater than the rise over the 43 years leading up to 1999. Total household debt to disposable income was 131%, up from 93.6% at the end of 1999. Aggregate indebtedness has increased exponentially. Regarding business, corporate debt averaged 34.3% of GDP. Both personal and corporate debt combined was 217% of GDP .….This debt overhang will not be manageable in a recession. As we have said the high end of the real estate market has yet to come down, but come down it will…..We will see a recession and massive inflation, a combination that will send the stock market down and gold and silver soar ….. International Economic Forecast for November 2007

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll

Six in 10 U.S. consumers see recession - survey

BERNANKE'S WARNING

Climb Toward $100...

$5 GAS IN CA...
 

PAPER: THE DOLLAR'S DECLINE... SHUNNED CURRENCY...

OPEC Interested in Non-Dollar Currency...

$100-barrel a 'fair' price...

Record low dollar, record high oil/gold prices, deficits, now fannie mae fraud, etc., but bull s**t alone, albeit irrelevant bull s**t at best and a plethora of bad news including sharp decline in manufacturing index, sparks lunatics/suckers’ bear market rally dead dog bounce into the close to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!  Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america.

The dollar's decline from symbol of hegemony to shunned currency

Cost Of The Crunch $2 Trillion, Says Goldman

Oil rises over $95 on weak dollar

Saudi minister warns of dollar collapse...

NEW BUCHANAN BOOK DECLARES 'END OF AMERICA'
Sun Nov 25 2007 20:40:15 ET

**Exclusive from drudgereport.com**

"America is coming apart, decomposing, and...the likelihood of her survival as one nation...is improbable -- and impossible if America continues on her current course," declares Pat Buchanan. "For we are on a path to national suicide."

The best-selling author and former presidential candidate is on the eve of launching his new epic book: DAY OF RECKONING: HOW HUBRIS, IDEOLOGY AND GREED ARE TEARING AMERICA APART.

This time, Buchanan goes all the way:

"America is in an existential crisis from which the nation may not survive."

The U.S. Army is breaking and is too small to meet America’s global commitments.

The dollar has sunk to historic lows and is being abandoned by foreign governments.

U.S. manufacturing is being hollowed out.

The greatest invasion in history, from the Third World, is swamping the ethno-cultural core of the country, leading to Balkanization and the loss of the Southwest to Mexico.


The culture is collapsing and the nation is being deconstructed along the lines of race and class.

A fiscal crisis looms as the unfunded mandates of Social Security and Medicare remain unaddressed.

All these crises are hitting America at once -- a perfect storm of crises.

Specifically, Buchanan contends:

• Pax Americana, the era of U.S. global dominance, is over. A struggle for global hegemony has begun among the United States, China, a resurgent Russia and radical Islam

• Bush’s invasion of Iraq was a product of hubris and of ideology, a secular religion of “democratism,” to which Bush was converted in the days following 9/11

• Torn asunder by a culture war, America has now begun to break down along class, ethnic and racial lines.

• The greatest threat to U.S. sovereignty and independence is the scheme of a global elite to erase America’s borders and merge the USA, Mexico and Canada into a North American Union.

• Free trade is shipping jobs, factories and technology to China and plunging America into permanent dependency and unpayable debt. One of every six U.S. manufacturing jobs vanished under Bush

• “Sovereign Wealth Funds,” controlled by foreign regimes and stuffed with trillions of dollars from U.S. trade deficits, are buying up strategic corporate assets vital to America’s security

• As U.S. wages are stagnant, corporate CEOs are raking in rising pay and benefits 400 to 500 times that of their workers

• The Third World invasion through Mexico is a graver threat to our survival as one nation than anything happening in Afghanistan or Iraq

* European-Americans, 89% of the nation when JFK took the oath, are now 66% and sinking. Before 2050, America is a Third World nation

• By 2060, America will add 167 million people and 105 million immigrants will be here, triple the 37 million today.

• Hispanics will be over 100 million in 2050 and concentrated in a Southwest most Mexicans believe belongs to them

Buchanan’s Recommendations:

• A new foreign-defense policy that closes most of the 1000 bases overseas, reviews all alliances, and brings home U.S. troops

• A purge of neoconservative ideology and the “Cakewalk” crowd” from national power.

• To avert a second Cold War, the United States should “get out of Russia’s space and get out of Russia’s face,” and shut down all U.S. bases on the soil of the former Soviet Union

• To reach a cold peace in the culture war, Buchanan urges a return to federalism and the overthrow of our judicial dictatorship by Congressionally mandated restrictions on the jurisdiction of the Supreme Court.

• To end the trade deficits and save the dollar, Buchanan urges a Hamiltonian solution: a 20% Border Equity Tax on imports, with the $500 billion raised to be used to end taxation on American producers

• To prevent America becoming “a tangle of squabbling nationalities” Buchanan urges: No amnesty for the 12-20 million illegal aliens; a border fence from San Diego to Brownsville; Congressional declarations that children born to illegal aliens are not citizens and English is the language of the United States; and a “timeout” on all immigration.

QUID PRO QUO?

Hillary Takes Cash From Recipients of Husband's Controversial Pardons

‘Oil to Hit $200 if Iran Attacked’

Hillary Clinton Takes Cash From Recipients of Husband's Controversial Pardons

Student claims CNN forced her to ask frilly question...
Confident Clinton focuses on Iowa...
DICK MORRIS: CNN Caves to Hillary, But She'll Still Struggle...
Questions About Carville...

Army Desertion Rate Highest Since '80...

Death Of Dr. David Kelly, Microbiologist, Murder not Suicide: Norman Baker

NEW POLL: Majority Think Bush and Cheney Have Committed Impeachable Offenses

It’s Treason: Dems Stay Silent on Bush White House Crimes

Where's the Party?

PAPER: THE DOLLAR'S DECLINE... SHUNNED CURRENCY...

Saudi minister warns of dollar collapse...

A financial system under siege

The Lobby: Why No American President Will Stand Up to Israel
A number of writers have exposed Israel's misbehavior and the power of the Lobby, but until now, the Lobby has been able to marginalize its critics by smearing them as "anti-semites," "nazis," and "Jew-haters."

Russian Military Chief Calls America "Evil" Who could rationally disagree with that assessment? Based upon direct observation and experience, I wouldn’t!

Approaching Recession? It's Already Here 

Pump price to jump 20 cents next 2-3 weeks: government

Fastest rise in food prices for 14 years

War costs will top $1.6 trillion, panel says

Army desertion rate up 80 pct. since '03

Gasoline up to $3.11, closing in on record...

Fake government report regarding inflation numbers from the notoriously scandal-plagued u.s. commerce department ….. what are they measuring? A basket of china canned goods? I say they’re not measuring anything at all but rather telling the people/frauds on wall street what they want/need to here, while saving some money on transfer payments pegged to same. Remember, they lie about everything, especially for money!

Record low dollar, record high oil/gold prices, deficits, etc., but bull s**t alone, albeit irrelevant bull s**t from china profits manufacturing distribution co. walmart, sparks lunatics/suckers’ bear market rally dead dog bounce to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!  Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america.

Bank of America sees $3 billion debt write-down

The Ebbing Financial Flood By: Bill Bonner, Lila Rajiva & The Daily Reckoning Crew ..…is a loss of $1.3 trillion.
That's in U.S. dollars. But the U.S. dollar has lost about 10% of its value this year. So, the real world loss to investors is more than twice that amount…or around $3 trillion. Add to that the loss in housing values - probably about another $1 trillion, so far. And then, there are the losses, both announced and still hidden, in subprime debt and derivatives, which could tote up to another $0.5 trillion or so.
…...

Stocks get lift from Goldman, Wal-Mart bull s**t alone which is enough for more fraud on wall street

Realtors revise home sales forecast lower again

The Last Dead Bull-Sh**t Artist on Wall Street  MIKE WHITNEY Counterpunch  November 12, 2007
…..Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block….. This is a bear market now. … The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant…..The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's "low-interest" snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure. Food and oil prices will shoot to the moon overnight and the remains of the greenback will be carted off to the nearest boneyard. September's trade deficit was another blow to the waning dollar. The Census Bureau reported on Friday that the deficit clocked in at $56.5 billion. That's $684 billion per annum!….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now!...

International Economic Forecast for November 2007

By:BobChapman,TheInternationalForecaster

Someone doesn’t believe the government’s figures. Yes, we know there is a credit crisis and that the banks and others will be writing off hundreds of billions of dollars, but too many investors and professionals are finally realizing that our government lies about everything. Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years. They are not even believable liars. If you remember our government and those on Wall Street and CNBC told us over and over that we had reached the bottom of the real estate market. Now they tell us we may have a little farther to go in what will be the worst correction since the 1930s. Our economy has an inflation problem and the only resilience we see is the result of massive amounts of money and credit being injected into the economy. That is the result of a 15% increase in money and credit and a wide open discount window. This is how economic growth is being manufactured and the result is hyperinflation. You are supposed to believe that our inflation is as low as it was in the 1950s. We guess the neocons and Wall Street are hoping few remember the 1950s. Well, we do and this is nothing like that. How can anyone conceivably believe with oil close to $100 a barrel that inflation is 2-2/3%, never mind all the other inflationary factors? If we are correct in our inflation estimate there is no growth. The economy is hanging on by its fingernails even with massive stimulation.
The bogus third quarter GDP figures were a milestone in stupidity. If the formula for the second quarter had been used, GDP would have been over 2%, but that wouldn’t have been good enough for the charlatans and crooks of Wall Street and the beltway. This economy has been contracting for 1-1/2 years and official lies and massive amounts of money and credit have covered that up. The Fed knows the economy is in recession and now that they have committed themselves to bailing out the economy and the financial sector we see another rate cut in either December or January. Inflation is 11.3%, not 0.8% monthly, as the Commerce Department would have us believe. The Fed doesn’t care about inflation - they just lie about it. They have abandoned the dollar…..If you look at the BLS’s household survey there was no job growth last month. In fact, the labor force contracted by 211,000 jobs.….This is nothing new – it’s just been covered up. If you remember unemployment has already moved from 4.4% to 4.7% over the past several months and that is official. Can you imagine what the real numbers_are? 
The credit market is still frozen and greater losses will continue to be announced as more and more foreclosures disrupt the system. Foreclosures are up over 200% and high numbers should prevail for 1-1/2 years or longer. As many as 2.5 million homes could go into foreclosure. That is what we predicted three years ago. We cut that figure in half to project losses in the industry. That, of course, will have a devastating affect on homeowners, real estate prices and mortgage-backed assets. The financial blood will flow for sometime to come. Again, this is lots of ammunition for the Fed to lower rates. At 4-1/2% presently they could drop another point to 3-1/2%. Considering all the other problems we could see the dollar at 50 on the USDX. The credit crisis will last years, not months. We believe domestic demand was 1-1/2% to 2% in GDP for the third quarter. That was fueled by equity cash outs of about $150 billion, which was equal to 50% of the rise in total consumer spending during the first half of the year. Over 5-1/2 years $1.1 trillion in equity extractions went toward consumer spending. This represented a 46% increase in total consumer spending over the same period. At the end of the second quarter household mortgage debt was over $10 trillion versus $4.295 trillion in 1999. Thus, in 6-1/2 years the household sector mortgage debt increased by $5.8 trillion, or 136%. Mortgage debt relative to disposable personal income surged from 64.7% at the end of 1999 to 100.2% at the end of the second quarter. This 35.5% rise was greater than the rise over the 43 years leading up to 1999. Total household debt to disposable income was 131%, up from 93.6% at the end of 1999. Aggregate indebtedness has increased exponentially. Regarding business, corporate debt averaged 34.3% of GDP. Both personal and corporate debt combined was 217% of GDP. Any reduction is short-term rates won’t help borrowers for a year or two. This debt overhang will not be manageable in a recession. As we have said the high end of the real estate market has yet to come down, but come down it will. Homes today are still some 58% above the previous cycle high in 1989…..We will see a recession and massive inflation, a combination that will send the stock market down and gold and silver soar ….. International Economic Forecast for November 2007

Record low dollar, record high oil/gold prices, etc., sparks lunatics/suckers’ bear market rally into the close to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! 

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

Six in 10 U.S. consumers see recession - survey

BERNANKE'S WARNING

Climb Toward $100...

$5 GAS IN CA...
 

UK accused of not speaking against Israeli war crimes
"They are using the starvation and strangulation of civilians under occupation as a method of warfare, and collective punishment, outlawed in the Rome statute as war crimes," Dolye said.
Palestine-Israel, Politics, 11/14/2007
Israeli occupation forces arrest Palestinian in Bethlehem
Also, an infant died today in Gaza after she denied access into Israel for medical treatment, medical sources said.
Palestine-Israel, Politics, 11/14/2007
US peace conference as aimed to end Israel isolation: Iranian official
Iran's Secretary General of the International Conference of Quds and Support for Rights of the Palestinian Nation Ali-Akbar Mohtashamipour yesterday warned against US plot to get Israel out of isolation.
Iran-Palestine, Politics, 11/14/2007
Israel to freeze settlements ahead of Annapolis peace Summit
Israeli daily newspaper "Haaretz" said today that Israel will announce a freeze on settlement construction prior to the Annapolis conference.
Palestine-Israel, Politics, 11/14/2007
Kuwaiti minister rejects claims of Iran spying on Kuwait
Kuwait's Interior Minister Jabir Khalid al-Jabir al-Sabah has refused some recent reports that Iran was engaged in spying activities in Kuwait, it was reported Monday.
Kuwait-Iran, Politics, 11/14/2007
US war price double, Washington Post says
The Democratic authors included the costs of treating wounded veterans and mounting interest payments on money borrowed to finance the wars. The report calculates that the campaigns in Iraq and Afghanistan have cost the average US family of four more than $20,000.
Iraq-USA, Politics, 11/14/2007
Iran urges stronger ties with Iraq, withdrawal of US
In a meeting in Tehran with Head of the United Iraq Coalition (UIC) Seyed Abdelaziz Hakim, he called for stabilization of border exchanges.
Iraq-Iran-USA, Politics, 11/14/2007
Islam links Saudi - Iran ties: Saudi official
Saudi Prosecutor General Sheikh Muhammad Ibn Fahd Abdullah said today that close ties between Iran and Saudi Arabia would be to the benefit of Muslim World.
Saudi Arabia-Iran, Politics, 11/14/2007
Armed forces weakened by Iraq, Afghan wars - UK admits
Britain's armed forces are under increasing strain due to the wars in Iraq and Afghanistan and its ability to continue fighting at present levels is "unlikely to be met," the Ministry of Defense (MoD) has admitted for the first time. Iraq-UK, Politics, 11/14/2007

Judge Allows Abu Ghraib Lawsuit Against Contractor - Washington Post
Iraq-USA, Politics, 11/14/2007

Lebanon awaits presidential candidate list - Yahoo
Lebanon, Politics, 11/14/2007

Olmert sets new condition on Palestinian talks - Washington Post
Palestine-Israel, Politics, 11/14/2007

Israeli lawmakers move to keep hold of East Jerusalem - Washington Post
Palestine-Israel, Politics, 11/14/2007

Hamas cracks down on Fatah in Gaza - LA Times
Palestine, Politics, 11/14/2007

Gaza’s Isolation Takes Toll on Students and Prices - NY Times
Palestine-Israel, Politics, 11/14/2007

Chalabi returns to prominence and power - LA Times
Iraq, Politics, 11/14/2007

Along Iraq-Turkey Border, Kurdish Guerrillas Remain Resolute - Washington Post
Iraq-Turkey, Politics, 11/14/2007

Sadr MP demands dissolution of Iraq parliament - Yahoo
Iraq, Politics, 11/14/2007

Bloody rivalry between Iraqi insurgents - LA Times
Iraq, Politics, 11/14/2007

Sunni Sheik Claims US Killed His Men - LA Times
Iraq-USA, Politics, 11/14/2007

F.B.I. Says Guards Killed 14 Iraqis Without Cause - NY Times
Iraq-USA, Politics, 11/14/2007

HOUSE PASSES ANTI-WAR BILL...

Bush a 'bully' on Iraq: Democrats...

Dems slam Iraqi government; 'It is not getting better, it is getting worse,' Harry Reid says...

Vaccines: The Deadly Cure - Prison Planet Research Archive

Publisher Regan Says News Corp. Fired Her to Protect Giuliani

EU inquiry into CIA prisons to be reopened

Parents Must Immunize Their Children Or Go To Jail

Justice Department Reopens Warrantless Wiretapping Inquiry That Was Halted By Bush

NEW POLL: Majority Think Bush and Cheney Have Committed Impeachable Offenses

Blackwater killed 14 Iraqis without cause: FBI report

UK Surveillance Society 'danger to individual liberty'

The Lobby: Why No American President Will Stand Up to Israel
A number of writers have exposed Israel's misbehavior and the power of the Lobby, but until now, the Lobby has been able to marginalize its critics by smearing them as "anti-semites," "nazis," and "Jew-haters."

US, Israel refuse to cooperate with inquest into Syria strike
The International Atomic Energy Agency - the United Nations nuclear watchdog - has not been able to conduct an investigation into the events surrounding the Sept. 6 Israeli bombing of a Syrian military installation because neither the Bush administration nor Israel are cooperating.

'I feared I'd end up dead in the woods like Dr Kelly,' says biological warfare expert who criticised Britain and U.S.

 

‘Blackwater Firm’s Killing Unjustified’

HSBC says loan problems spreading; Closes branches and cuts jobs in USA...

REPORT: GE unloading MMfunds for .96 cents on the dollar...

US, Israel refuse to cooperate with inquest into Syria strike

Russian Military Chief Calls America "Evil" Who could rationally disagree with that assessment? Based upon direct observation and experience, I wouldn’t!

Approaching Recession? It's Already Here 

Pump price to jump 20 cents next 2-3 weeks: government

Fastest rise in food prices for 14 years

War costs will top $1.6 trillion, panel says

Gasoline up to $3.11, closing in on record...

Fake government report regarding inflation numbers from the notoriously scandal-plagued u.s. commerce department ….. what are they measuring? A basket of china canned goods? I say they’re not measuring anything at all but rather telling the people/frauds on wall street what they want/need to here, while saving some money on transfer payments pegged to same. Remember, they lie about everything, especially for money!

Record low dollar, record high oil/gold prices, deficits, etc., but bull s**t alone, albeit irrelevant bull s**t from china profits manufacturing distribution co. walmart, sparks lunatics/suckers’ bear market rally dead dog bounce to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!  Nothing has fundamentally changed regarding the descent and decline of criminal/fraud america.

Bank of America sees $3 billion debt write-down

The Ebbing Financial Flood By: Bill Bonner, Lila Rajiva & The Daily Reckoning Crew
On Friday, the Dow lost another 224 points.
The Wilshire index, meanwhile, is helpfully quoted in dollars. So you can see immediately how much money people are losing. From the top around 15,900 to last week - when the index bounced around 14,600 - is a loss of $1.3 trillion.
That's in U.S. dollars. But the U.S. dollar has lost about 10% of its value this year. So, the real world loss to investors is more than twice that amount…or around $3 trillion. Add to that the loss in housing values - probably about another $1 trillion, so far. And then, there are the losses, both announced and still hidden, in subprime debt and derivatives, which could tote up to another $0.5 trillion or so.
Hey…we're starting to talk about some real money here - a combined loss of wealth equal to $4.5 trillion…or nearly 10% of the entire net worth of the United States of America. Could that be? …..there won't be another big bull market in stocks or property any time soon…and the feds' efforts to goose up the economy with more monetary inflation are probably not working…
You'll recall the basic plot, dear reader: central banks encourage consumption by artificially increasing the supply of money and credit. This flood tide of extra money boosted asset prices worldwide, leaving the impression of a booming economy. But wages in the United States are not rising - so the only way ordinary people could participate in the boom was by borrowing. As they borrowed more and more, credit quality decreased. Finally, holders of subprime debt realized that their credits weren't as solid as they thought they were.
Early this year, housing prices were already falling…
"Gloom envelops world markets," says the Financial Times.
"Wall Street Braces for More Trouble," says another headline.
The wash of credit - which lifted spirits and asset prices all over the planet - is ebbing. And once begun, it is probably impossible to reverse it.

Stocks get lift from Goldman, Wal-Mart bull s**t alone which is enough for more fraud on wall street

Realtors revise home sales forecast lower again

The Last Dead Bull-Sh**t Artist on Wall Street  MIKE WHITNEY Counterpunch  November 12, 2007
…..Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block….. This is a bear market now. The last bull was dragged from the Street on Friday with a harpoon in its chest. The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant…..The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's "low-interest" snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure. Food and oil prices will shoot to the moon overnight and the remains of the greenback will be carted off to the nearest boneyard. September's trade deficit was another blow to the waning dollar. The Census Bureau reported on Friday that the deficit clocked in at $56.5 billion. That's $684 billion per annum!….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now!...

International Economic Forecast for November 2007

By:BobChapman,TheInternationalForecaster

Someone doesn’t believe the government’s figures. Yes, we know there is a credit crisis and that the banks and others will be writing off hundreds of billions of dollars, but too many investors and professionals are finally realizing that our government lies about everything. Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years. They are not even believable liars. If you remember our government and those on Wall Street and CNBC told us over and over that we had reached the bottom of the real estate market. Now they tell us we may have a little farther to go in what will be the worst correction since the 1930s. Our economy has an inflation problem and the only resilience we see is the result of massive amounts of money and credit being injected into the economy. That is the result of a 15% increase in money and credit and a wide open discount window. This is how economic growth is being manufactured and the result is hyperinflation. You are supposed to believe that our inflation is as low as it was in the 1950s. We guess the neocons and Wall Street are hoping few remember the 1950s. Well, we do and this is nothing like that. How can anyone conceivably believe with oil close to $100 a barrel that inflation is 2-2/3%, never mind all the other inflationary factors? If we are correct in our inflation estimate there is no growth. The economy is hanging on by its fingernails even with massive stimulation.
The bogus third quarter GDP figures were a milestone in stupidity. If the formula for the second quarter had been used, GDP would have been over 2%, but that wouldn’t have been good enough for the charlatans and crooks of Wall Street and the beltway. This economy has been contracting for 1-1/2 years and official lies and massive amounts of money and credit have covered that up. The Fed knows the economy is in recession and now that they have committed themselves to bailing out the economy and the financial sector we see another rate cut in either December or January. Inflation is 11.3%, not 0.8% monthly, as the Commerce Department would have us believe. The Fed doesn’t care about inflation - they just lie about it. They have abandoned the dollar…..If you look at the BLS’s household survey there was no job growth last month. In fact, the labor force contracted by 211,000 jobs. Based on a real survey we will take the household survey over the birth/death projection and that is ample justification in the Fed’s eyes for another cut. It’s in Wall Street’s eyes justification for another cut. Wall Street and government have an attention spam of 6 seconds similar to a dyslexic child. They only think about the next trade and could care less about tomorrow or the future of the dollar. They care nothing about our future. Again, justification for a rate cut. We can assure you November’s employment figures will stink giving the Fed ample reason to cut again, while continuing their now ridiculous lie about inflation. As an example of how bogus October’s figures were, the B/D ratio added 103,000 jobs and then the BLS added 14,000 construction jobs and 25,000 in the financial industry. They must believe we are stupid. There are massive lay offs in both industries. Worse yet, GDP is growing at zero to 2%, and in all probability 1% and it has been at that level for a year. The Fed has to cut interest rates again. Unfortunately the result will not be successful even if money and credit increases more over 20%, which there is a great chance that will occur. Employment is a lagging indicator and we identified slippage 1-1/2 years ago. This is nothing new – it’s just been covered up. If you remember unemployment has already moved from 4.4% to 4.7% over the past several months and that is official. Can   you imagine what the real numbers are?
The credit market is still frozen and greater losses will continue to be announced as more and more foreclosures disrupt the system. Foreclosures are up over 200% and high numbers should prevail for 1-1/2 years or longer. As many as 2.5 million homes could go into foreclosure. That is what we predicted three years ago. We cut that figure in half to project losses in the industry. That, of course, will have a devastating affect on homeowners, real estate prices and mortgage-backed assets. The financial blood will flow for sometime to come. Again, this is lots of ammunition for the Fed to lower rates. At 4-1/2% presently they could drop another point to 3-1/2%. Considering all the other problems we could see the dollar at 50 on the USDX. The credit crisis will last years, not months. We believe domestic demand was 1-1/2% to 2% in GDP for the third quarter. That was fueled by equity cash outs of about $150 billion, which was equal to 50% of the rise in total consumer spending during the first half of the year. Over 5-1/2 years $1.1 trillion in equity extractions went toward consumer spending. This represented a 46% increase in total consumer spending over the same period. At the end of the second quarter household mortgage debt was over $10 trillion versus $4.295 trillion in 1999. Thus, in 6-1/2 years the household sector mortgage debt increased by $5.8 trillion, or 136%. Mortgage debt relative to disposable personal income surged from 64.7% at the end of 1999 to 100.2% at the end of the second quarter. This 35.5% rise was greater than the rise over the 43 years leading up to 1999. Total household debt to disposable income was 131%, up from 93.6% at the end of 1999. Aggregate indebtedness has increased exponentially. Regarding business, corporate debt averaged 34.3% of GDP. Both personal and corporate debt combined was 217% of GDP. Any reduction is short-term rates won’t help borrowers for a year or two. This debt overhang will not be manageable in a recession. As we have said the high end of the real estate market has yet to come down, but come down it will. Homes today are still some 58% above the previous cycle high in 1989…..Now all that debt has to be serviced and it cannot be. Almost all homes bought in 2006 and 2007areupsidedown. Housing starts have not dropped fast enough and that is adding to the inventory problem. Housing starts are still 30% from where they should fall too. We must admit part of the builders’ problems comes from listening to government and innocently using bogus government statistics. In just the next 11 months $800 billion in ARM resets come due and the worst will be in the first six months of 2008. That process is 18 months long and following will be a new crop coming due from resets that started a year ago. Lower house prices will kill them as well. You have to divide the problem into two segments. The houses that went up 40% will drop 20%. The houses that went up 150% will fall 30% to 60% from the peak. We are looking for $10 trillion in losses from June 2005 to the bottom. We know you do not think that is possible. When we told investors in April 2000 that the stock market would fall and $8 to $10 trillion would be lost, they laughed. They were not laughing in 2002. We will see a recession and massive inflation, a combination that will send the stock market down and gold and silver soaring…..The truth will now start to leak out everywhere as the auditors of the big banks and brokers start to fear another Enron scenario developing and do not want to get caught in circumstances, which will lead to liability to shareholders for hiding losses. The big accounting firms cannot wait any longer or they will join the big rating agencies on the financial gallows….. International Economic Forecast for November 2007

Record low dollar, record high oil/gold prices, etc., sparks lunatics/suckers’ bear market rally into the close to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! 

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

Six in 10 U.S. consumers see recession - survey

BERNANKE'S WARNING

Climb Toward $100...

$5 GAS IN CA...

5,000 illegals working as security guards in UK's most sensitive buildings

FIREWORKS: PUBLISHER JUDITH REGAN FILES $100M LAWSUIT AGANIST MURDOCH EMPIRE...
'LIE TO PROTECT GIULIANI'...
SOURCES: REGAN CLAIMS TO HAVE 'EXTENSIVE AND DAMNING' AUDIO TAPES...

The Damned: Veteran Suicide "Epidemic" (CBS) At least 120 Americans who served in the US military killed themselves per week in 2005, CBS News learned in a five-month investigation into veteran ... CBS ‘Early Show’: Veteran Suicide Rates ‘Shockingly High’ NewsBusters
"CBS Evening News" finds high rate of veteran suicides

War costs will top $1.6 trillion, panel says

Gasoline up to $3.11, closing in on record...

Record low dollar, record high oil/gold prices, deficits, etc., but bull s**t alone, albeit irrelevant bull s**t from china profits manufacturing distribution co. walmart, sparks lunatics/suckers’ bear market rally dead dog bounce to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t!  Nothing has fundamentally changed regarding the descent and deckline of criminal/fraud america.

Bank of America sees $3 billion debt write-down

The Ebbing Financial Flood By: Bill Bonner, Lila Rajiva & The Daily Reckoning Crew
On Friday, the Dow lost another 224 points.
The Wilshire index, meanwhile, is helpfully quoted in dollars. So you can see immediately how much money people are losing. From the top around 15,900 to last week - when the index bounced around 14,600 - is a loss of $1.3 trillion.
That's in U.S. dollars. But the U.S. dollar has lost about 10% of its value this year. So, the real world loss to investors is more than twice that amount…or around $3 trillion.
(John Connelly, treasury secretary under Richard Nixon, once famously remarked to a group of European visitors: "It's our dollar, but it's your problem." That was back in the days when America still had an almost-positive trade balance. Now, when the United States needs nearly $3 billion in foreign money every day, the dollar has become OUR problem too.)
Add to that the loss in housing values - probably about another $1 trillion, so far.
And then, there are the losses, both announced and still hidden, in subprime debt and derivatives, which could tote up to another $0.5 trillion or so.
Hey…we're starting to talk about some real money here - a combined loss of wealth equal to $4.5 trillion…or nearly 10% of the entire net worth of the United States of America.
Could that be?
We're very suspicious of numbers. They're twisted. They're bent. They're shifty. Still, our guess is that these big numbers are telling us something. They're telling us that the tide has turned…that there won't be another big bull market in stocks or property any time soon…and the feds' efforts to goose up the economy with more monetary inflation are probably not working…
…at least, that's what it looks like this morning.
You'll recall the basic plot, dear reader: central banks encourage consumption by artificially increasing the supply of money and credit. This flood tide of extra money boosted asset prices worldwide, leaving the impression of a booming economy. But wages in the United States are not rising - so the only way ordinary people could participate in the boom was by borrowing. As they borrowed more and more, credit quality decreased. Finally, holders of subprime debt realized that their credits weren't as solid as they thought they were.
Early this year, housing prices were already falling…and housing owners were having a hard time making their payments. Then, in August, credit crunched.
And now people are asking questions…borrowers are reluctant to borrow; lenders are wary about lending…
"Gloom envelops world markets," says the Financial Times.
"Wall Street Braces for More Trouble," says another headline.
The wash of credit - which lifted spirits and asset prices all over the planet - is ebbing. And once begun, it is probably impossible to reverse it.

Stocks get lift from Goldman, Wal-Mart bull s**t alone which is enough for more fraud on wall street

Realtors revise home sales forecast lower again

The Last Dead Bull-Sh**t Artist on Wall Street  MIKE WHITNEY Counterpunch  November 12, 2007
What a week for the stock market. On Wednesday the market took a 360 point nosedive followed, two days later, by a 220 point belly-flop. By the time it was over, the trading pits looked more like a sausage-packing plant than the world's financial epicenter. After the bell, downcast traders could be seen tiptoeing through the carnage on their way to the local liquor store to load up on "Stoly" and boxes of Franzia---anything that would steady their nerves and put the week behind them. Everyone could see it coming; the train-wreck. It was mostly carry-over from the night before when Asian stocks took a thumping on reports of slower growth in the US and growing troubles in the credit markets. That put the first domino in motion. Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block.The Shanghai market took the worst hit dropping nearly 5% before the trading-day ended. Taiwan and Hong Kong followed suit, sliding 3.9% and 3.2% respectively. Share prices in Japan fell 2%. The next morning, Wall Street crashed. It was a massacre.
This is a bear market now. The last bull was dragged from the Street on Friday with a harpoon in its chest.The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant. Bernanke's soothing bromides are meaningless. I don't see any significant change in the broad holdings of dollars around the world. Dollars remain the dominant reserve asset and I expect that to continue to be the case, Bernanke said to the Congressional Economic Committee.Really? So why is the greenback plummeting if people aren't dumping it, Ben? What an absurd comment. The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's "low-interest" snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure. Food and oil prices will shoot to the moon overnight and the remains of the greenback will be carted off to the nearest boneyard. September's trade deficit was another blow to the waning dollar. The Census Bureau reported on Friday that the deficit clocked in at $56.5 billion. That's $684 billion per annum!….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now!...

International Economic Forecast for November 2007

By:BobChapman,TheInternationalForecaster

Someone doesn’t believe the government’s figures. Yes, we know there is a credit crisis and that the banks and others will be writing off hundreds of billions of dollars, but too many investors and professionals are finally realizing that our government lies about everything. Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years. They are not even believable liars. If you remember our government and those on Wall Street and CNBC told us over and over that we had reached the bottom of the real estate market. Now they tell us we may have a little farther to go in what will be the worst correction since the 1930s. Our economy has an inflation problem and the only resilience we see is the result of massive amounts of money and credit being injected into the economy. That is the result of a 15% increase in money and credit and a wide open discount window. This is how economic growth is being manufactured and the result is hyperinflation. You are supposed to believe that our inflation is as low as it was in the 1950s. We guess the neocons and Wall Street are hoping few remember the 1950s. Well, we do and this is nothing like that. How can anyone conceivably believe with oil close to $100 a barrel that inflation is 2-2/3%, never mind all the other inflationary factors? If we are correct in our inflation estimate there is no growth. The economy is hanging on by its fingernails even with massive stimulation.
The bogus third quarter GDP figures were a milestone in stupidity. If the formula for the second quarter had been used, GDP would have been over 2%, but that wouldn’t have been good enough for the charlatans and crooks of Wall Street and the beltway. This economy has been contracting for 1-1/2 years and official lies and massive amounts of money and credit have covered that up. The Fed knows the economy is in recession and now that they have committed themselves to bailing out the economy and the financial sector we see another rate cut in either December or January. Inflation is 11.3%, not 0.8% monthly, as the Commerce Department would have us believe. The Fed doesn’t care about inflation - they just lie about it. They have abandoned the dollar, so we see a good chance of another ¼% rate cut on December 11th. The housing collapse is still in stage one of three stages and there were not 166,000 jobs created in October. We will soon have the numbers that show it should be close to zero. Do not forget they need 250,000 more each month just to say even. Their birth/death ratio could be helpful if it was refined and not politicized, but all it is used for is to justify the proscribed results. If you look at the BLS’s household survey there was no job growth last month. In fact, the labor force contracted by 211,000 jobs. Based on a real survey we will take the household survey over the birth/death projection and that is ample justification in the Fed’s eyes for another cut. It’s in Wall Street’s eyes justification for another cut. Wall Street and government have an attention spam of 6 seconds similar to a dyslexic child. They only think about the next trade and could care less about tomorrow or the future of the dollar. They care nothing about our future. Again, justification for a rate cut. We can assure you November’s employment figures will stink giving the Fed ample reason to cut again, while continuing their now ridiculous lie about inflation. As an example of how bogus October’s figures were, the B/D ratio added 103,000 jobs and then the BLS added 14,000 construction jobs and 25,000 in the financial industry. They must believe we are stupid. There are massive lay offs in both industries. Worse yet, GDP is growing at zero to 2%, and in all probability 1% and it has been at that level for a year. The Fed has to cut interest rates again. Unfortunately the result will not be successful even if money and credit increases more over 20%, which there is a great chance that will occur. Employment is a lagging indicator and we identified slippage 1-1/2 years ago. This is nothing new – it’s just been covered up. If you remember unemployment has already moved from 4.4% to 4.7% over the past several months and that is official. Can   you imagine what the real numbers are?
The credit market is still frozen and greater losses will continue to be announced as more and more foreclosures disrupt the system. Foreclosures are up over 200% and high numbers should prevail for 1-1/2 years or longer. As many as 2.5 million homes could go into foreclosure. That is what we predicted three years ago. We cut that figure in half to project losses in the industry. That, of course, will have a devastating affect on homeowners, real estate prices and mortgage-backed assets. The financial blood will flow for sometime to come. Again, this is lots of ammunition for the Fed to lower rates. At 4-1/2% presently they could drop another point to 3-1/2%. Considering all the other problems we could see the dollar at 50 on the USDX. The credit crisis will last years, not months. We believe domestic demand was 1-1/2% to 2% in GDP for the third quarter. That was fueled by equity cash outs of about $150 billion, which was equal to 50% of the rise in total consumer spending during the first half of the year. Over 5-1/2 years $1.1 trillion in equity extractions went toward consumer spending. This represented a 46% increase in total consumer spending over the same period. At the end of the second quarter household mortgage debt was over $10 trillion versus $4.295 trillion in 1999. Thus, in 6-1/2 years the household sector mortgage debt increased by $5.8 trillion, or 136%. Mortgage debt relative to disposable personal income surged from 64.7% at the end of 1999 to 100.2% at the end of the second quarter. This 35.5% rise was greater than the rise over the 43 years leading up to 1999. Total household debt to disposable income was 131%, up from 93.6% at the end of 1999. Aggregate indebtedness has increased exponentially. Regarding business, corporate debt averaged 34.3% of GDP. Both personal and corporate debt combined was 217% of GDP. Any reduction is short-term rates won’t help borrowers for a year or two. This debt overhang will not be manageable in a recession. As we have said the high end of the real estate market has yet to come down, but come down it will. Homes today are still some 58% above the previous cycle high in 1989. We closed our home in Malibu in November 1988. We told our clients in September and October to bail out of homes and saved people millions of dollars. All the real estate market appreciation of the last 5-1/2 years have been accomplished by use of excessive debt and absurdly low interest rates. Now all that debt has to be serviced and it cannot be. Almost all homes bought in 2006 and 2007areupsidedown. Housing starts have not dropped fast enough and that is adding to the inventory problem. Housing starts are still 30% from where they should fall too. We must admit part of the builders’ problems comes from listening to government and innocently using bogus government statistics. In just the next 11 months $800 billion in ARM resets come due and the worst will be in the first six months of 2008. That process is 18 months long and following will be a new crop coming due from resets that started a year ago. Lower house prices will kill them as well. You have to divide the problem into two segments. The houses that went up 40% will drop 20%. The houses that went up 150% will fall 30% to 60% from the peak. We are looking for $10 trillion in losses from June 2005 to the bottom. We know you do not think that is possible. When we told investors in April 2000 that the stock market would fall and $8 to $10 trillion would be lost, they laughed. They were not laughing in 2002. We will see a recession and massive inflation, a combination that will send the stock market down and gold and silver soaring. This is how you will retain your wealth over the next five years and how thinking people will make money. GOLD, SILVER, PLATINUM, PALLADIUM AND URANIUM Note that the one month gold lease rates have suddenly dropped off from .20% to .07% so it looks like some sort of short term manipulation might be on its way now that gold has crossed 800 and has its eyes on 850. Or it could be that no one wants to lease it and then sell it and they are trying to make it more attractive to do so. Or they could be accommodating the commercial shorts by giving them some cheap gold to lease and hold to cover their shorts. They have something up their sleeve, but knowing precisely what kind of evil thoughts they have on their minds may be difficult to determine. This may be a situation similar to that of shorter-term silver lease rates, which are now so negative that they have dropped off the lease rate charts. Right off the rip on Monday, the yen has strengthened again and the Dow is already down over 100 at the open as the cartel tries to put the kibosh on the recent gold rally that took gold well above 800. The yen has strengthened from Friday's close of 114.74 to 114.084 yen per dollar and from 166.155 to 165.110 yen per Euro on Monday at about 9:30 am EDT, so the minus 100 open should not come as a surprise to our IF subscribers. The yen hit was accompanied by news from Citigroup of another 8 to 11 billion in additional losses on top of the 8.4 billion just written off, plus the resignation of its CEO Charles Prince, who now joins Stanley O'Neal, the former CEO of Merrill who also just resigned, in the Golden Parachute Clown Club. The cartel's motto will now be: "Never waste your bad news when you can use it to hit gold." The truth will now start to leak out everywhere as the auditors of the big banks and brokers start to fear another Enron scenario developing and do not want to get caught in circumstances, which will lead to liability to shareholders for hiding losses. The big accounting firms cannot wait any longer or they will join the big rating agencies on the financial gallows….. International Economic Forecast for November 2007

Record low dollar, record high oil/gold prices, etc., sparks lunatics/suckers’ bear market rally into the close to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! 

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll
For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

Six in 10 U.S. consumers see recession - survey

Kerik indicted...
Arraigned Friday...
Giuliani Says Support Was Mistake...

BERNANKE'S WARNING

Climb Toward $100...

$5 GAS IN CA...

Raping American Sovereignty and a North American Union

The Last Dead Bull-Sh**t Artist on Wall Street  MIKE WHITNEY Counterpunch  November 12, 2007
What a week for the stock market. On Wednesday the market took a 360 point nosedive followed, two days later, by a 220 point belly-flop. By the time it was over, the trading pits looked more like a sausage-packing plant than the world's financial epicenter. After the bell, downcast traders could be seen tiptoeing through the carnage on their way to the local liquor store to load up on "Stoly" and boxes of Franzia---anything that would steady their nerves and put the week behind them. Everyone could see it coming; the train-wreck. It was mostly carry-over from the night before when Asian stocks took a thumping on reports of slower growth in the US and growing troubles in the credit markets. That put the first domino in motion. Fed chief Bernanke's announcement that the economy will face "a sharp slowdown from the housing market's contraction" and an "inflationary surge from sharply higher oil prices and the weaker dollar", didn't help either. His remarks triggered a blow-off in the currency markets while equities were frog-marched to the chopping-block.The Shanghai market took the worst hit dropping nearly 5% before the trading-day ended. Taiwan and Hong Kong followed suit, sliding 3.9% and 3.2% respectively. Share prices in Japan fell 2%. The next morning, Wall Street crashed. It was a massacre.
This is a bear market now. The last bull was dragged from the Street on Friday with a harpoon in its chest.The subprime contagion has now spread beyond the US and Europe to markets in the Far East. No one is fooled by Bernanke's sunny predictions that the economy will bounce back next year with a strong showing in the first quarter. That's baloney and everyone knows it. The economy has stumbled down the elevator shaft and is just waiting to hit bottom. Consumer confidence is flagging, housing is falling, foreign capital is fleeing, and the greenback is one flush away from the sewage-treatment plant. Bernanke's soothing bromides are meaningless. I don't see any significant change in the broad holdings of dollars around the world. Dollars remain the dominant reserve asset and I expect that to continue to be the case, Bernanke said to the Congressional Economic Committee.Really? So why is the greenback plummeting if people aren't dumping it, Ben? What an absurd comment. The dollar has lost 63% against the euro and dropped to record lows against a basket of world currencies. Foreign central banks and investors have been ditching it as fast as they can before it loses more value. The dollar's tumble has been the most dazzling currency-flameout in modern times and Bernanke is acting like he's still asleep at the switch. It's madness.The greenback is getting clobbered by the Fed's "low-interest" snake oil and the gargantuan current account deficit. If Bernanke clips rates again to bail out the stock market, the dollar will slip into irreversible respiratory failure….. The Last Dead Bull-S**ter on Wall Street
This is a bear market now!

 Hannity’s Program Director Tries Arresting Me Over A Question

Ron Paul Says Federal Reserve Robbed Americans of their Wealth

Watch for the fake government/economic reports; remember, they lie about everything especially when it comes to money!

Constitutional amendment would aim to prevent White House political dynasty

ASIAN MARKETS DOWN BIG...

DON’T FORGET:  ANY PURPORTED IMPROVEMENT IN TRADE BALANCE IS ONLY A FUNCTION OF CONSUMERS SPENDING LESS, PARTICULARLY SINCE SO-CALLED AMERICAN PRODUCTS, WITH FEW EXCEPTIONS, HAVE PREDOMINANTLY FOREIGN MADE COMPONENTS, PARTICULARLY ELECTRONICS DESPITE WHAT THE LUNATIC FRAUDS ON WALL STREET AND IN U.S. GOVERNMENT WANT YOU TO BELIEVE. THEY LIE ABOUT EVERYTHING, ESPECIALLY WHEN IT COMES TO MONEY; AFTER ALL, THEY ARE FRAUDS!

Editorial: Mission Bogged Down

This will be Worst Recession (depression) Since the 1930s

Mr. and Mrs. President? Norquist calls for constitutional amendment; ban family members from succeeding one another...

Hillary Criticized Bush Admin for 'Suspicious' 9/11 Actions Despite Staff Convicted of Stealing, Destroying Classified 9/11 Documents

Let the consumer be aware of the fact/reality: Costs are going up on almost everything

Clinton aides plant student's question...
Says It Won't Happen Again...
Another?

Ambush by Insurgents Kills 6 US and 3 Afghan Soldiers New York Times

Rank-And-File Dems Question Latest Anti-War Strategy...

Loose Change: Final Cut Is Here

Rank and file and public : guinea (don’t touch my godfather bush) PELOSI'S HOUSE IN A MESS...

Pelosi and the Democrats Sell Out the American Worker (Again)
On October 31, Jim Hoffa, president of the Teamsters, offered his incredulity over the so-called Peru Free Trade Agreement, passed the House a few days later:  I’m astounded that members of Congress would even consider passing more of these free trade agreements that workers hate.

UN human rights envoy, barred since 2003, to visit Myanmar

Government's 9/11 Investigators Were ALSO Lead OKC Bombing Investigators

CBC Pulls TV Documentary After Pressure From Chinese Envoy

Proposed missile defense upgrade for Taiwan announced

Ron Paul Says Federal Reserve 'Robbed' Americans of their Wealth

U.S. Stocks Decline to Two-Month Low; Qualcomm, Target Retreat

Metals - Gold close to record as dollar plunges to new depths

Pound touches new US dollar highs

Dollar Sinks to New Low Against Euro...

DOW DROPS HARD…..BUT MODESTLY RELATIVE TO REALITY…..
Deepening Concerns About Banks...
More Credit Writedowns...
WACHOVIA Whacked...
Gloom envelops world markets...

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll
For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

KERIK INDICTED...

16 FELONY COUNTS...

Gangster Giuliani: The GOP's Worst

Fake Christian Conservatives Expose Themselves As Neocon Shills
Fake Christian conservative Pat Robertson has hit the headlines again by throwing his hat in with Rudy Giuliani, a man who supports the continued war in Iraq, supports the preemptive bombing of Iran, is pro-abortion and an adulterer who has been married on three different occasions.
WHAT A TOTAL FRAUD PAT ROBERTSON IS! BETWEEN HIS 2000 LB. LEG PRESSES AND FALSE REPRESENTATIONS OF CONVERSATIONS WITH GOD AND INCORRECT PREDICTIONS, THAT PLANE FLIGHT WITH GIULIANI FROM ISRAEL, LAND OF THE CHRIST-KILLING JEW,  EXPLAINS THIS ANTI-CHRIST FRAUD!

Hillary Clinton faces sensational claims from another woman in Bill's past Mimi Hall UK Daily Mail Thursday November 8, 2007 Hillary Clinton's presidential campaign faced damaging allegations yesterday from one of the women who claim to have been groped by former president Bill. Kathleen Willey suggests in a new book that the former First Couple could have been involved in her husband Ed's death. Willey, a former White House aide, alleges a campaign of slander and intimidation has been waged against her by Hillary since she made the sex assault allegations. Her book "Target: Caught in the Crosshairs of Bill and Hillary Clinton" details what she says are the threats made against her by the Clintons and their allies.

U.S., THE PATHETIC NATION IN DECLINE,-Communist/Repressive China Seek Closer Military Ties, the incompetent, weak-kneed grey-haired little blob gates Agree on Taiwan

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll

ACLU learns of third 'secret' torture memo from Gonzales

Backstory: An impeachment vote turnaround stuns Washington

Diana inquest hears of plot to 'assassinate' the princess

International Economic Forecast for November 2007

By:BobChapman,TheInternationalForecaster

Someone doesn’t believe the government’s figures. Yes, we know there is a credit crisis and that the banks and others will be writing off hundreds of billions of dollars, but too many investors and professionals are finally realizing that our government lies about everything. Inflation is over 11% and government expects us to believe we have the lowest inflation in 50 years. They are not even believable liars. If you remember our government and those on Wall Street and CNBC told us over and over that we had reached the bottom of the real estate market. Now they tell us we may have a little farther to go in what will be the worst correction since the 1930s. Our economy has an inflation problem and the only resilience we see is the result of massive amounts of money and credit being injected into the economy. That is the result of a 15% increase in money and credit and a wide open discount window. This is how economic growth is being manufactured and the result is hyperinflation. You are supposed to believe that our inflation is as low as it was in the 1950s. We guess the neocons and Wall Street are hoping few remember the 1950s. Well, we do and this is nothing like that. How can anyone conceivably believe with oil close to $100 a barrel that inflation is 2-2/3%, never mind all the other inflationary factors? If we are correct in our inflation estimate there is no growth. The economy is hanging on by its fingernails even with massive stimulation.
The bogus third quarter GDP figures were a milestone in stupidity. If the formula for the second quarter had been used, GDP would have been over 2%, but that wouldn’t have been good enough for the charlatans and crooks of Wall Street and the beltway. This economy has been contracting for 1-1/2 years and official lies and massive amounts of money and credit have covered that up. The Fed knows the economy is in recession and now that they have committed themselves to bailing out the economy and the financial sector we see another rate cut in either December or January. Inflation is 11.3%, not 0.8% monthly, as the Commerce Department would have us believe. The Fed doesn’t care about inflation - they just lie about it. They have abandoned the dollar, so we see a good chance of another ¼% rate cut on December 11th. The housing collapse is still in stage one of three stages and there were not 166,000 jobs created in October. We will soon have the numbers that show it should be close to zero. Do not forget they need 250,000 more each month just to say even. Their birth/death ratio could be helpful if it was refined and not politicized, but all it is used for is to justify the proscribed results. If you look at the BLS’s household survey there was no job growth last month. In fact, the labor force contracted by 211,000 jobs. Based on a real survey we will take the household survey over the birth/death projection and that is ample justification in the Fed’s eyes for another cut. It’s in Wall Street’s eyes justification for another cut. Wall Street and government have an attention spam of 6 seconds similar to a dyslexic child. They only think about the next trade and could care less about tomorrow or the future of the dollar. They care nothing about our future. Again, justification for a rate cut. We can assure you November’s employment figures will stink giving the Fed ample reason to cut again, while continuing their now ridiculous lie about inflation. As an example of how bogus October’s figures were, the B/D ratio added 103,000 jobs and then the BLS added 14,000 construction jobs and 25,000 in the financial industry. They must believe we are stupid. There are massive lay offs in both industries. Worse yet, GDP is growing at zero to 2%, and in all probability 1% and it has been at that level for a year. The Fed has to cut interest rates again. Unfortunately the result will not be successful even if money and credit increases more over 20%, which there is a great chance that will occur. Employment is a lagging indicator and we identified slippage 1-1/2 years ago. This is nothing new – it’s just been covered up. If you remember unemployment has already moved from 4.4% to 4.7% over the past several months and that is official. Can   you imagine what the real numbers are?
The credit market is still frozen and greater losses will continue to be announced as more and more foreclosures disrupt the system. Foreclosures are up over 200% and high numbers should prevail for 1-1/2 years or longer. As many as 2.5 million homes could go into foreclosure. That is what we predicted three years ago. We cut that figure in half to project losses in the industry. That, of course, will have a devastating affect on homeowners, real estate prices and mortgage-backed assets. The financial blood will flow for sometime to come. Again, this is lots of ammunition for the Fed to lower rates. At 4-1/2% presently they could drop another point to 3-1/2%. Considering all the other problems we could see the dollar at 50 on the USDX. The credit crisis will last years, not months. We believe domestic demand was 1-1/2% to 2% in GDP for the third quarter. That was fueled by equity cash outs of about $150 billion, which was equal to 50% of the rise in total consumer spending during the first half of the year. Over 5-1/2 years $1.1 trillion in equity extractions went toward consumer spending. This represented a 46% increase in total consumer spending over the same period. At the end of the second quarter household mortgage debt was over $10 trillion versus $4.295 trillion in 1999. Thus, in 6-1/2 years the household sector mortgage debt increased by $5.8 trillion, or 136%. Mortgage debt relative to disposable personal income surged from 64.7% at the end of 1999 to 100.2% at the end of the second quarter. This 35.5% rise was greater than the rise over the 43 years leading up to 1999. Total household debt to disposable income was 131%, up from 93.6% at the end of 1999. Aggregate indebtedness has increased exponentially. Regarding business, corporate debt averaged 34.3% of GDP. Both personal and corporate debt combined was 217% of GDP. Any reduction is short-term rates won’t help borrowers for a year or two. This debt overhang will not be manageable in a recession. As we have said the high end of the real estate market has yet to come down, but come down it will. Homes today are still some 58% above the previous cycle high in 1989. We closed our home in Malibu in November 1988. We told our clients in September and October to bail out of homes and saved people millions of dollars. All the real estate market appreciation of the last 5-1/2 years have been accomplished by use of excessive debt and absurdly low interest rates. Now all that debt has to be serviced and it cannot be. Almost all homes bought in 2006 and 2007areupsidedown. Housing starts have not dropped fast enough and that is adding to the inventory problem. Housing starts are still 30% from where they should fall too. We must admit part of the builders’ problems comes from listening to government and innocently using bogus government statistics. In just the next 11 months $800 billion in ARM resets come due and the worst will be in the first six months of 2008. That process is 18 months long and following will be a new crop coming due from resets that started a year ago. Lower house prices will kill them as well. You have to divide the problem into two segments. The houses that went up 40% will drop 20%. The houses that went up 150% will fall 30% to 60% from the peak. We are looking for $10 trillion in losses from June 2005 to the bottom. We know you do not think that is possible. When we told investors in April 2000 that the stock market would fall and $8 to $10 trillion would be lost, they laughed. They were not laughing in 2002. We will see a recession and massive inflation, a combination that will send the stock market down and gold and silver soaring. This is how you will retain your wealth over the next five years and how thinking people will make money. GOLD, SILVER, PLATINUM, PALLADIUM AND URANIUM Note that the one month gold lease rates have suddenly dropped off from .20% to .07% so it looks like some sort of short term manipulation might be on its way now that gold has crossed 800 and has its eyes on 850. Or it could be that no one wants to lease it and then sell it and they are trying to make it more attractive to do so. Or they could be accommodating the commercial shorts by giving them some cheap gold to lease and hold to cover their shorts. They have something up their sleeve, but knowing precisely what kind of evil thoughts they have on their minds may be difficult to determine. This may be a situation similar to that of shorter-term silver lease rates, which are now so negative that they have dropped off the lease rate charts. Right off the rip on Monday, the yen has strengthened again and the Dow is already down over 100 at the open as the cartel tries to put the kibosh on the recent gold rally that took gold well above 800. The yen has strengthened from Friday's close of 114.74 to 114.084 yen per dollar and from 166.155 to 165.110 yen per Euro on Monday at about 9:30 am EDT, so the minus 100 open should not come as a surprise to our IF subscribers. The yen hit was accompanied by news from Citigroup of another 8 to 11 billion in additional losses on top of the 8.4 billion just written off, plus the resignation of its CEO Charles Prince, who now joins Stanley O'Neal, the former CEO of Merrill who also just resigned, in the Golden Parachute Clown Club. The cartel's motto will now be: "Never waste your bad news when you can use it to hit gold." The truth will now start to leak out everywhere as the auditors of the big banks and brokers start to fear another Enron scenario developing and do not want to get caught in circumstances, which will lead to liability to shareholders for hiding losses. The big accounting firms cannot wait any longer or they will join the big rating agencies on the financial gallows….. International Economic Forecast for November 2007

Record low dollar, record high oil/gold prices, etc., sparks lunatics/suckers’ bear market rally into the close to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! 

DON’T FORGET:  ANY PURPORTED IMPROVEMENT IN TRADE BALANCE IS ONLY A FUNCTION OF CONSUMERS SPENDING LESS, PARTICULARLY SINCE SO-CALLED AMERICAN PRODUCTS, WITH FEW EXCEPTIONS, HAVE PREDOMINANTLY FOREIGN MADE COMPONENTS, PARTICULARLY ELECTRONICS DESPITE WHAT THE LUNATIC FRAUDS ON WALL STREET AND IN U.S. GOVERNMENT WANT YOU TO BELIEVE. THEY LIE ABOUT EVERYTHING, ESPECIALLY WHEN IT COMES TO MONEY; AFTER ALL, THEY ARE FRAUDS!

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll
For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

Six in 10 U.S. consumers see recession - survey

Forex - Pound hits 2.10 usd mark as dollar battered by Cheng comments

US Military Reviews Recruitment Standards; May Allow More "Criminals"

"Battle For The Republic" Exposes Real Immigration Agenda
Elite using balkanization strategy to destroy American sovereignty and create third world cesspit

The Housing Crash, Suburban Sprawl and the Crisis of the American Middle Class

Oil Races Toward a Record $100 Amid Supply Crunch

DOW DUMPS 360... but on 11-8-07, despite record low dollar, record high oil/gold prices, etc., lunatics/suckers’ bear market rally into the close to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! 

GM shares slide after record loss...

REPORT: mob/giuliani connected Kerik Indictment Expected for Evading Taxes...

DOLLAR NEW LOW...

...OIL NEW HIGH

GOLD $850...

..Canadian dollar hits record high...

Oil hits $98, closes at new record on bombs, low inventories, demand forecast

GM to take $39 billion charge What’s a billion here or there when you’re talking about worthless dollars!

Sinking Currency, Sinking Country

CNN: Price of Iraq war 10 times pre-war predictions  

Wall Street firms see recession nearing

Giuliani, mob man himself, Praises mob man Kerik's selective Crime-Fighting Results...

REPORT: Kerik Indictment Expected for Evading Taxes...

ST. LOUIS MOTORCYCLE GANGS ATTACK CARS ON ROAD...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

Sarkozy worked for Israeli intelligence How pathetic….. and very tragic for France.

Bungling, bumbling, war criminal dimwit bush and lightweight but overweight  Merkel in a somewhat pathetic display of solidarity in favor of folly/mediocrity/criminality discuss, in very limited in intellectual/realistic terms, the sorry state they’ve created for the world

OIL HITS NEW RECORD...

Dollar hits new record low...

'07 Deadliest Year for USA in Iraq...

CALLS FOR CITIGROUP TO BE BROKEN UP...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

UPDATE - Merrill reveals $6.3 bln more in subprime-CDO exposure

UPDATE - SEC investigating Merrill subprime portfolio

Morgan Stanley sees $3.7 billion subprime hit

http://www.stevequayle.com/index1.html  HOT HEADLINES FROM STEVE QUAYLE
China Signals Dollar Swap
Silver Hits Its Highest Mark Since 1981
Morgan Stanley Takes $3.7Bn Hit

Here's the Question...

Government Manipulating Data to Keep Cost-of-Living Index Low

Secret History of the Credit Card - watch online

New 'Disaster' Movie Warns World of Oil Apocalypse

Sarkozy Says Dollar Drop Risks Triggering Trade War

Fewer Beer and Pizza Nights As Prices Soar

Global Markets Down After U.S. Sell-Off

Record Heat Continues, But Why Are Temps So Hot

Hurricane Noel Bigger, Less Fierce Than Juan

Saurashtra Tremors Precursor to Major Quake?

Biolab Protest Creates Horrific Scene

U.S. Fifth Fleet in Gulf Exercise for Possible War in Iran

Perils of Pakistan

Dividing Jerusalem, Destroying Israel

Business as Usual in Washington

Pat Robertson's Sell-Out

Not Our Dictator

Citigroup's Subprime Explanation Defies Belief: Jonathan Weil

The Gold Bugs Were Right

China Gold Output to Beat U.S., Challenging S. Africa

Dollar Slumps to Record on China's Plans to Diversify Reserves

Bond Insurers Set Off Fresh Wave of Credit Panic

The Federal Reserve Is Scared Silly

Oil Passes $98 on Weaker Dollar

Caught Red Handed Killing the Dollar

Prepetorial #3: Running on Empty

Dubious Fees Hit Borrowers in Foreclosures

Record Heating Costs Predicted for This Winter

GM Loses $39B in 3Q, Shares Fall

Analysis: Kurds Say Kirkuk is Turkey's Aim

Getting Rid of the Navy, Then Mining ...

Agri-Food Thoughts

Climate Change 'Threatens National Security'

Climate Change Could Diminish Drinking Water More Than Expected

China Bolsters Antarctica Posts

Cops Find Themselves in Arms Race With Criminals

Bhutto Threatens Musharraf With "Long March"

Business as Usual in Washington

 

Crash is Coming, Warns Top Investor

Empire of Debt I: The Great Unraveling Begins

Plunging Markets Fear a Meltdown

Foreclosure Wave Sweeps America

Markets Fear Banks Have $1 Trillion in Toxic Debt

Gold Climbs to 27-Year High as Dollar, Crude Oil Reach Records

Planned India Commodity Bourse to Trade Gold, Silver

Critics Decry U.S. Food Safety System

El Nino's 'Evil Twin' Fuelled Noel's Wrath

Volcano Eruption Fears Grow in Indonesia

Landslide Buries Mexican Villagers

Ron Paul Raises More Than $4.2 Million

Ron Paul Interview

The Shocking Video Hillary Does NOT Want You to See! - video

Warning From a Vet

Senate Panel Probes 6 Top Televangelists

The Devil in the Details, Again

Five Stages of Violent Crime

The Invincible Man

 

Kerik indicted...
Arraigned Friday...
Giuliani Says Support Was Mistake...

BERNANKE'S WARNING

Climb Toward $100...

$5 GAS IN CA...

Topping Nixon, Bush disapproval soars to highest level ever recorded in Gallup poll
For the first time, George W. Bush has surpassed Richard M. Nixon in unpopularity in the Gallup Poll, receiving the highest "strongly disapprove" rating for a president in Gallup's history.

Six in 10 U.S. consumers see recession - survey

New Report Says Most Congressmen Don’t Read ‘Monster’ Spending Bills

Crude oil, gold surge amid dollar 'reserve' worry

Forex - Pound hits 2.10 usd mark as dollar battered by Cheng comments

Iran Sanctions Will Only Hurt America

Russia threatens to build up troops on western borders over CFE

Italy's Prodi opposed to military action against Iran

US Military Reviews Recruitment Standards; May Allow More "Criminals"

"Battle For The Republic" Exposes Real Immigration Agenda
Elite using balkanization strategy to destroy American sovereignty and create third world cesspit

The Housing Crash, Suburban Sprawl and the Crisis of the American Middle Class

Oil Races Toward a Record $100 Amid Supply Crunch

DOW DUMPS 360...

GM shares slide after record loss...

REPORT: mob/giuliani connected Kerik Indictment Expected for Evading Taxes...

DOLLAR NEW LOW...

...OIL NEW HIGH

GOLD $850...

..Canadian dollar hits record high...

Oil hits $98, closes at new record on bombs, low inventories, demand forecast

GM to take $39 billion charge What’s a billion here or there when you’re talking about worthless dollars!

Sinking Currency, Sinking Country

CNN: Price of Iraq war 10 times pre-war predictions  

Wall Street firms see recession nearing

Giuliani, mob man himself, Praises mob man Kerik's selective Crime-Fighting Results...

REPORT: Kerik Indictment Expected for Evading Taxes...

ST. LOUIS MOTORCYCLE GANGS ATTACK CARS ON ROAD...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

Sarkozy worked for Israeli intelligence How Pathetic….. and tragic for France.

OIL HITS NEW RECORD...

Dollar hits new record low...

'07 Deadliest Year for USA in Iraq...

CALLS FOR CITIGROUP TO BE BROKEN UP...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

UPDATE - Merrill reveals $6.3 bln more in subprime-CDO exposure

UPDATE - SEC investigating Merrill subprime portfolio

Morgan Stanley sees $3.7 billion subprime hit

UN: Israel fuels support for extremists (AP)

Israeli settlements burden peace push (AP)

U.S. chides Israel for curbs on Palestinian forces (Reuters)

US action against individuals supporting Syrian efforts in Lebanon
The US Department of the Treasury yesterday designated four individuals affiliated with the Syrian regime's efforts to reassert Syrian control over the Lebanese political system. Two of the individuals are Lebanese, one of whom is a member of parliament, and the other an ex-member of parliament.
Lebanon-Syria-USA, Politics, 11/6/2007

UK accused of exaggerating terrorism threat
IHRC chairman, Massoud Shadjareh said that according to last year's figures released by the European Police Office (Europol), out of 498 terrorist attacks in 2006, only one was committed by a Muslim.
Regional-UK, Politics, 11/6/2007

Gulf states not to allow strike on Iran
Iran is confident that the Arab Gulf states will not allow their territory to be used for likely strike on Iran, said Acting Foreign Minister Ali-Reza Sheikh Attar on Monday.
Gulf-Iran, Politics, 11/6/2007

Israeli PM accepts to tackle all main issues for Annapolis conference
Olmert added "I recommend to each of the leaders and involved parties to deal bravely and unhesitatingly with all the components of this opportunity, this chance. Be open to hope and face the genuine and clear risks and difficulties so that the process may move ahead."
Palestine-Israel, Politics, 11/6/2007

Female detainees launch hunger strike in Israeli jails
Detainees Study Center said that Palestinan Fateh female detainees imprisoned by Israel launched a Hunger Strike to show solidarity with the detainee Amna Mona, who is confined to solitary in Al Ramla Israeli prison.
Palestine-Israel, Politics, 11/6/2007

Iran sees US as responsible in the Iraq-Turkey crisis
Iran's Foreign Ministry spokesman Mohammad-Ali Hosseini yesterday called for settlement of the existing crisis between Turkey and Iraq through diplomacy.
Iraq-Iran, Politics, 11/6/2007

UK armed forces damaged by Iraq war
Britain's armed forces are on a "dangerously unsustainable course" at a time of growing turbulence and risk, a leading think-tank warned Monday.
Iraq-UK, Politics, 11/6/2007

Iranian minister on US threats
Iran-USA, Politics, 11/6/2007

Israel puts Jerusalem on the negotiating table - CS Monitor
Palestine-Israel, Politics, 11/6/2007

Historic Saudi visit to Vatican - BBC
Saudi Arabia-Vatican, Politics, 11/6/2007

Pope Lauds Christian Presence in Saudi - Washington Post
Saudi Arabia-Vatican, Politics, 11/6/2007

2007 is deadliest year for U.S. troops - Guardian Unlimited
Iraq-USA, Politics, 11/6/2007

Cheney impeachment heads for a vote - LA Times
Iraq-USA, Politics, 11/6/2007

2,000-Year-Old Christian Community in Iraq Gains a Spiritual First in Baghdad - NY Times
Iraq, Politics, 11/6/2007

Turkish Troops Poised on Iraq Border - Washington Post
Iraq-Turkey, Politics, 11/6/2007

U.S., Iran dial down tensions in Iraq - CS Monitor
Iraq-Iran-USA, Politics, 11/6/2007

Iraq war source's name revealed - BBC
Iraq-USA, Politics, 11/6/2007

22 bodies found in mass grave outside of Baghdad, U.S. says - LA Times
Iraq, Politics, 11/6/2007

Frenzy in the markets as oil heads for $100 a barrel - Guardian Unlimited
Regional, Economics, 11/6/2007

UN asks Israel to stop violations of Lebanon airspace - Yahoo
Lebanon-Israel, Politics, 11/6/2007

Court: Group Can Challenge on Detainees - Washington Post
Regional-Canada, Politics, 11/6/2007

Libyan Islamists 'join al-Qaeda' - BBC
Libya, Politics, 11/6/2007

Yemeni Tribesmen Blow Up Oil Pipeline - NY Times
Yemen, Politics, 11/6/2007

Israeli Police Impersonate Reporters - Washington Post
Palestine-Israel, Politics, 11/6/2007

Judge: contractor can face Iraqi torture suit - Washington Post
Iraq-USA, Politics, 11/6/2007

Oil hits $97, closes at new record on bombs, demand forecast

UN asks Israel to stop violations of Lebanon airspace (AFP)

Record low dollar, record high oil prices sparks lunatics/suckers’ bear market rally to keep the suckers suckered, while pros/institutions are tip-toeing to the doorway leaving you with their bag of tricks/fraud/bull s**t! 

GM to take $39 billion charge What’s a billion here or there when you’re talking about worthless dollars!

Sinking Currency, Sinking Country

Deadliest year for US troops in Iraq (AP)

UN asks Israel to stop violations of Lebanon airspace (AFP)

CNN: Price of Iraq war 10 times pre-war predictions  

Wall Street firms see recession nearing

CALLS FOR CITIGROUP TO BE BROKEN UP...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

Is This 20-Year CIA Vet Crazy For Saying 9/11 Is a Probable Inside Job?

Patriot-Danny Riley, Beaten, and Shot In Jail for Quoting the Constitution.

Rice's Legal Adviser Won't Condemn Waterboarding Of U.S. Citizens By Foreign Intel Services

Bush Administration Fired acting Attorney General who criticized Waterboarding

Giuliani: I Used ‘Very Aggressive,' ‘Intensive' Interrogation Techniques

Mukasey Is (Much) Worse Than Gonzales

Sarkozy worked for Israeli intelligence How Pathetic….. and tragic for France.

Robert Baer Says Evidence Points To 911 Inside Job

OIL HITS NEW RECORD...

Dollar hits new record low...

'07 Deadliest Year for USA in Iraq...

UN asks Israel to stop violations of Lebanon airspace (AFP)

CALLS FOR CITIGROUP TO BE BROKEN UP...

MARKETS FEAR BANKS HAVE '1 TRILLION DOLLARS' IN TOXIC DEBT...

BBC: Foreclosure wave sweeps America...

Crash is coming, warns top investor

CNN: Price of Iraq war 10 times pre-war predictions

A Look at Rights Suspended in Pakistan

No evidence of Iranian nuclear-weapons program, experts say

Inevitable Turkey-Iran-Syria-Russia alliance

Musharraf move is nightmare for Bush

Musharraf guilty of 'second coup': Bhutto

The neocons' crazy dream of World War III

Is This 20-Year CIA Vet Crazy For Saying 9/11 Is a Probable Inside Job?
Debunkers can scoff and chuckle all day long when a celebrity uses their public prominence to talk about 9/11 truth, but when a 20-year decorated CIA veteran says that the evidence points to 9/11 being an inside job, dismissive hand waving and off-the-cuff ad hominem attacks on credibility aren't so easy to justify.

Telling the Whole Truth About Oil

CALLS FOR CITIGROUP TO BE BROKEN UP...
MARKETS FEAR BANKS HAVE '1 DOLLARS TRILLION' IN TOXIC DEBT...

UPDATE: 3,500+ Detained in Pakistan Emergency; Thousands Battle Police...

PETROCHINA first to reach $1 Trillion; Overtakes EXXONMOBIL's market value ...

UPDATE: Circulation falls at many major newspapers... THE LIST...

Growing expectations of oil spike above $100...

Hillary's lead dips in new CNN poll...

Pelosi: Clinton Camp Played Gender Card...

SCREENWRITERS ON STRIKE OVER STAKE IN NEW MEDIA...

Pakistan Police Arrest Lawyers Protesting Martial Law (Update1) By Khalid Qayum Nov. 5 (Bloomberg) -- Pakistani police baton-charged and arrested dozens of lawyers challenging President Pervez Musharraf's emergency rule, as the US said it was reviewing military aid to the country in response to the decree.
  Video: Pakistan reacts to emergency rule - 4 Oct 07 AlJazeeraEnglish
Pakistan rounds up Musharraf's political foes Austin American-Statesman

 

Activists Detained in Pakistan Emergency...

Everybody hates the worthless dollar

Sinking Currency, Sinking Country

Pakistan rounds up Musharraf's political foes Austin American-Statesman

Bank Could Increase Its Write-Downs By Billions More...

Dollar resumes downward path

Foreclosure filings soar in 3rd quarter, fake jobs data twice expected numbers, new record oil prices, new dollar lows, more bull s**t from the lunatic frauds on wall street and suckers bear market rally/dead dog bounce into the close to suck them in….. r

MERRILL LYNCH Falls on Concern Writedown May Be $10 Billion...

What have they been smoking on wall street?
Bear Stearns CEO Jersey Jimmy Cayne denies drug allegations in Wall Street Journal article Stock Prices Plunge; Dow Drops a modest relative to reality 370

ANALYST HITS BACK AFTER DEATH THREATS OVER DOWNGRADE...

Sinking Currency, Sinking Country

US Economy in "Relentless" Decline

Poisoned ex-Russian spy Litvinenko WAS a paid-up MI6 agent

Mufti Slams Tunnel Plan Under Al-Aqsa

Giuliani's Bogus Diagnosis Washington Post - By Eugene Robinson Even Rudy Giuliani would acknowledge that he can be prickly. Now, it seems, the tough-talking former mayor is growing estranged from empirical fact.

Atlantic City mayor pleads guilty to cheating Veterans Department  CNN - NEW YORK (CNN) -- The former mayor of Atlantic City pleaded guilty Thursday to defrauding the US Department of Veterans Affairs out of nearly $25000 for false claims about his military service during the Vietnam War, according to the US Attorney's ...
Atlantic City's ex-mayor pleads guilty to lying about medals New York Daily News

What have they been smoking on wall street?
Bear Stearns CEO Jersey Jimmy Cayne denies drug allegations in Wall Street Journal article Stock Prices Plunge; Dow Drops a modest relative to reality 370

Official Statement Confirms Detonations on 9/11

Petraeus Personally Introduces Disgraced Ahmed Chalabi To U.S. Troops In Iraq

US ban on internet access tax gets seven year extension

French accused of Diana inquest 'subterfuge'

Banned From Canada for a Year for War Protest

What have they been smoking on wall street?

Bear Stearns CEO Jersey Jimmy Cayne denies drug allegations in Wall Street Journal article

Stock Prices Plunge; Dow Drops a modest relative to reality 370

What’ve they been smoking on wall street?

Fed has biggest day of injections since Sept 2001

Gold Heads For Record Highs – here, here

Attacking Iran for Israel? Is america once again that stupid/self-destructive?

Does World War III loom large?

Iron Fist or a Forked Tongue?

The Global-Warming Neurosis

Gold Hovers Near $795 An Ounce

Do We Have a Pattern Here? Another GOP Homosexual Scandal

Army Has Record Low Level of Recruits

Lebanon's Hariri says assassination plot uncovered - Washington Post
Lebanon, Politics, 10/30/2007


Palestinians Raise Stakes for Talks - Washington Post
Palestine-Israel-USA, Politics, 10/30/2007

Israelis and Palestinians Pledge to Follow ‘Road Map’ - NY Times
Palestine-Israel, Politics, 10/30/2007

Editor of Baghdad weekly paper murdered - Washington Post
Iraq, Politics, 10/30/2007

Turkey hits Kurdish rebels in southeast - LA Times
Iraq-Turkey, Politics, 10/30/2007

Turk sanctions on Northern Iraq may stoke Kurd separatism - Washington Post
Iraq-Turkey, Politics, 10/30/2007

Turkey: Fighting With Kurds Will Surge - Washington Post
Iraq-Turkey, Politics, 10/30/2007

Iraq Plan to Add U.S. Troops at Kurdish Border Is Rejected by Turkey - NY Times
Iraq-Turkey, Politics, 10/30/2007

Iraqi soldiers rescue kidnapped sheiks - LA Times
Iraq, Politics, 10/30/2007

Immunity Deals Offered to Blackwater Guards - NY Times
Iraq-USA, Politics, 10/30/2007

State Department to Order 250 to Iraq Posts - NY Times
Iraq-USA, Politics, 10/30/2007

OIL NEARS $100, RETREATS...

Stocks Plunge...

What have they been smoking on wall street?
Bear Stearns CEO Jersey Jimmy Cayne denies drug allegations in Wall Street Journal article Stock Prices Plunge; Dow Drops a modest relative to reality 370

Fed Pumps $41B More...

Banks suffer big losses...

CITIGROUP Declines to Lowest in 4 Years...

Bush to Dems: Denial of War Is Dangerous…riiiiight mental case war criminal dumbya bush…..anything you say in that malapropistically incoherent way!..

... Vows No Attorney General if Not Mukasey …..riiiiight war criminal dumbya bushy

Even Pelosi Is Disappointed in her guinea ‘save her godfather bush’ self and Congress...

Tennessee Town Has Run Out of Water...

What have they been smoking on wall street?

Bear Stearns CEO Jersey Jimmy Cayne denies drug allegations in Wall Street Journal article By STEPHEN BERNARD NEW YORK - Bear Stearns Cos. Chief Executive James Cayne on Thursday denied regularly smoking marijuana, after a front-page Wall Street Journal article claimed he was frequently away from work playing golf and bridge, and sometimes smoked the drug on such outings. Cayne sent an internal memo to employees Thursday morning saying he was dedicated to his …… A spokeswoman for Journal parent Dow Jones said Thursday afternoon it stands by the story it reported. The article said Cayne was often unreachable while golfing at his country club in New Jersey. It also said he traveled to participate in bridge tournaments while two hedge funds managed by the firm worth billions of dollars lost all their value as credit markets tightened.

 

US Economy in "Relentless" Decline
Economic experts have predicted a continuing slump for the dollar, no matter what the federal reserve does. Others have suggested the dollar's decline is now relentless and will only be accelerated as other countries abandon it for stronger reserve currencies.

Gold Tops $800 for 1st Time Since 1980

Having broken above $2.07, sterling eyes $2.09 and up

Oil surges 5 percent to record at over $95 a barrel

Dollar likely to drop no matter what Fed does

Gold 'will rocket to more $1,000 an ounce'

Economy Logs Brisk 3.9 Percent Growth

Dem underdogs open debate with salvos

Record high oil prices, fake growth rate revision/fake economic reports, low consumer confidence, real sales/prices in record freefall, dollar at new lows, which spurs lunatic frauds on wall street to rally socks presumably on the theory that what goes up must come down which doubles their pleasure on commissioned computerized trades.

Is there a rational person that doubts bush is crazy? I think not!

CFR President: $200 Oil If War With Iran

Is the Road to Armageddon Through Iran?

ElBaradei: No evidence Iran is making nuclear weapons

Iran says documents show U.S. backing “terrorists”

India becoming member of the UN Security Council
Regional, Analysis, 10/30/2007

New nominee for president of Lebanon
Lebanon, Editorial, 10/30/2007

Egypt to build nuclear power stations
In a strategic step, the first one of its kind in Egypt's modern history, President Hosni Mubarak yesterday announced "launching a program for building a number of nuclear stations for generating electricity."
Egypt, Politics, 10/30/2007

Syrian FM: Mottaki - Assad meeting constructive
Syria's Foreign Minister Walid Mouallem said the meeting between President Bashar al-Assad and Iran's Foreign Minister Manouchehr Mottaki in Syria was constructive and fruitful.
Sudan-Iran, Politics, 10/30/2007

Archbishop Hanna calls to place Jerusalem status at top of Annapolis Conference
Attallah Hanna, The Christian Orthodox Archbishop of Sebastia, called today upon the Palestinian negotiating team to place the status of Jerusalem at the top of the agenda at the upcoming Annapolis conference.
Palestine-Israel, Politics, 10/30/2007

EU rights groups, Ban Ki-moon, criticize Israel for utility cuts to Gaza
She said, "I think collective punishment is never a solution." Palestinians in Gaza rely on Israel for all of their fuel and more than half of their electricity.
Palestine-Israel-European Union, Politics, 10/30/2007

UK could have prevented London bombings, says Saudi king
Saudi Arabia's King Abdullah bin Abdul Aziz al-Saud yesterday accused Britain of not doing enough to fight international terrorism, which he says could take 20 or 30 years to beat.
Saudi Arabia-UK, Politics, 10/30/2007

British citizen appeals against three-year detention in Iraq
Detention Lawyers for a British-Iraqi citizen, held in Iraq by UK troops forces for the past three years on suspicion of terrorism, started a legal challenge Monday to rule that his detention is unlawful and that he should be returned to Britain.
Iraq-UK, Politics, 10/30/2007

Iraqi government takes control of Karbala
The Iraqi government yesterday took control of Karbala province in a ceremony where Prime Minister Nouri al-Maliki said his government will take over security of Basra in December.
Iraq-USA, Politics, 10/30/2007

Ahmadi-Nejad: Iran not interested in talks with USA, rejects it unilateral sanctions
Iran's President Mahmoud Ahmadi-Nejad said today that Iran is not at all interested in talks with Washington and Iran does not have any need for the US.
Iran-USA, Politics, 10/30/2007

Russian FM in Iran
Iran's foreign minister and his Russian counterpart today met and discussed ways and means of bolstering bilateral ties, results of the recent Caspian states summit in Tehran as well as regional and international affairs.
Iran-Russia, Politics, 10/30/2007

Iraq cabinet drafts bill to end foreign security firms immunity
The US private security company Blackwater is being held responsible for killing of 17 Iraqi civilians on September 16. The US company says it enjoys immunity granted by then US administrator of Iraq, Paul Bremer in 2004.
Iraq-USA, Politics, 10/30/2007

Iran, Iraq urge settlement of Iraq-Turkey border tension
Iran and Iraq have underscored the need for settlement of the existing tension between Baghdad and Ankara through diplomacy and dialogue, it was announced in Iraq yesterday.
Iraq-Iran, Politics, 10/30/2007

PKK terrorist moves from northern Iraq condemned
He referred to recent telephone conversation between President Mahmoud Ahmadi-Nejad with his Turkish President Abdullah Gul, Iraqi President Jalal Talabani and Iraqi Premier Nouri-al Maliki and said cooperation between Iran and Syria in resolving the issue would help restore security in the region.
Iraq-Iran, Politics, 10/30/2007

Palestinian dies of wounds in Nablus
At least three Palestinians were wounded on Tuesday evening when Israeli artillery shelled a house in north of the Gaza Strip, witnesses said.
Palestine-Israel, Politics, 10/30/2007

...Everyone Questions bush's Mental Health

‘Wise Initiatives Needed to Avoid Wars’

US ‘Pressuring’ Israel to Evacuate Outposts

DOLLAR HITS NEW LOWS...
OIL $95+...
GOLD $800+...
FED GIVES A QUARTER...
stocks rally…..riiiiight!

Malkin's Flagging Site Defends "Dirt-Sniffing" Neocon Over Ludicrous Theories Here's the long story cut short for those readers who have been paying more attention to what goes on in the real world than in the desperate "it's too late to back out now" world of frothing neocon bootlickers.

Iraq cabinet okays law to end foreign firms' immunity

Bumbling bungling burnt out war criminal bush blasts House for ‘wasting time’ on crimes he is guilty of through investigations

"Battle For The Republic" Exposes Real Immigration Agenda Alex Jones' Battle For The Republic exposes how the elite are using illegal immigration and pushing amnesty as a means of pulverizing the American middle class and ensuring that U.S. citizens, black, white and hispanic alike, are forced to sacrifice their freedom and sovereignty as America is sunk into a third world cesspool.

Dollar Hits New Lows on Economic Data

Report: 'Bush the Decider' related to 'Vlad the Impaler'

Actor Ruffalo "Baffled" At Collapse Of Twin Towers
Joins Martin Sheen in publicly doubting 9/11 official story, slams Commission as "illegitimate"

Martin Sheen Questions Official 9/11 Story
Follows in footsteps of son Charlie Sheen, highlights implausible collapse of Building 7 and NORAD response

[VIDEO] Martin Sheen Questions Official 9/11 Story

George Carlin Questions "Received Reality" Of 9/11 Story

AIDS virus invaded U.S. from Haiti: study

Poisoned ex-Russian spy Litvinenko WAS a paid-up MI6 agent

Rumsfeld is charged with torture in France

Pulitzer-prize winning photo-journalist imprisoned and ‘disappeared’ without charge by the criminal americans in attempt to intimidate and cover-up truth

850 more troops in Iraq ‘before Christmas'

Iraqis make torture damages claim

No plan, no peace in Iraq

I Don't Think This Place Is Worth Another Soldier's Life'

MoD surveys brain injuries in returning troops

Pentagon reels from second major nuclear arms blunder in a month

Editorial: Lack of Accountability

HOUSE IN A MESS...

Bungling, bumbling, burnt out war criminal, dumbya bush blasts Congress for 'wasting time' on investigations into his criminal/unconstitutional/incompetent acts/crimes...

Poll Finds Democrats Turning On Incompetent guinea ‘don’t touch her godfather bush’ Pelosi...

Dollar Hits New Lows...

U.S. "undoubtedly in recession": Top Investor

Iraqi blood is 'on your hands,' anti-war protester tells Condi

Home Sales Plunge by 8 Percent

Martin Sheen Questions Official 9/11 Story
Actor Martin Sheen questioned the official 9/11 story, as well as the collapse of Building 7 and Larry Silverstein's "pull it" comment during an anti-war march this past weekend in Los Angeles, saying that recent revelations about the attacks had caused him to have doubts.

The mystery of the missing $2.9 trillion
Like most people, economists love a mystery – especially if it involves not a missing person but a missing $2.9 trillion in United States debt. That's $2.9 with 11 zeros after it.

Dollar falls to new record low against euro

Oil strikes record near $94

Inflation may prompt food price controls: UN food chief

George Carlin Questions "Received Reality" Of 9/11 Story

Dollar plumbs fresh lows as Fed cut anticipated

Gold and oil surge, seen even higher

Iran says documents show U.S. backing “terrorists”

Fake FEMA news conference director gets promotion

No evidence Iran is making nuclear weapons: ElBaradei

Russia begins large-scale military exercises in Far East

Gold at fresh 28 year highs as oil rallies to new high, dollar drops

Oil Climbing to $100 a Barrel Seen Not Too Far

OIL NEARS $94...

$3.24 a gallon in San Fran...

PRICE LIKELY TO HIT 1979 HIGH

Gold price closes in on $800...

Dollar Drops to New Low Against the Euro...

Canadian dollar hits 47-year high...

CONGRESS PLANS SHORTER WORKWEEK…..which clearly is a positive step in light of their 11% approval which rivals cheney at 10% and bush at 24%.....which begs the question and brings some to the point of why keep and pay them at all...in light of their incompetence/corruption/criminality in all branches of u.s. government..

Editorial: Terrorism by Blackmail A few weeks ahead of the upcoming peace conference in Annapolis, Israel has been guilty of acts that will never produce the necessary good will if results are to be produced in Maryland.

$93: Oil at new record on Turkey-Iraq tensions...

PRICE LIKELY TO HIT 1979 HIGH

IMPEACH BUSH! WHO COULD SAY NO BASED UPON FACTS, TRUTH, AND JUSTICE?

RED SOX SWEEP...

Bill Clinton Shamed In Public Confrontation
Bill Clinton confronted on Bilderberg, Bohemian Grove, 9/11 and other topics as he tries to debate truthers but ends up biting off more than he can chew and is clearly embarrassed and shamed. The full version of the video that the news networks didn't want you to see!

US disaster agency apologizes for fake 'reporters' Reuters

Why start now, given the contrived/controlled/censored/filtered news/propaganda in America today as has been so for quite some time!

Iraqi Cabinet Votes to End Security Firms’ Immunity
New York Times - 3 hours ago
By ALISSA J. RUBIN BAGHDAD, Oct. 30 - Draft legislation that lifts immunity for foreign private security companies gained the consent of the Iraqi cabinet on Tuesday and sent to Parliament for approval, a government spokesman said.
Iraq's Cabinet approves bill to end contractors' immunity Houston Chronicle
Iraq to sue foreign security contractors MSNBC

US Backed Terrorist Group Explode Car Bomb In Iran Killing 11 Iranian Soldiers, 31 Wounded

Iran warns: we're ready for war after US sanctions

Attack on Iran 'horrible mistake'

Gold at fresh 28 year highs as oil rallies to new high, dollar drops but full moon to the rescue as stocks rally on worse than expected results at countrywide with loss of $1.2 billion, lower confidence figures, but lunatic frauds on wall street buoyed by lunatics at countrywide say good times are here again…..prospectively writing 2 mortgages with compensating balances with remaining 2 employees…..riiiiight!

OIL HITS $92...

Dollar Sinks to New Low...

...GOLD AT NEW 28 YEAR HIGH

Chavez: take Bush to madhouse It really is true that bush is nuttier than a fruit cake and a war criminal to boot.

Putin warns Europe ahead of Portugal summit

Arsonist Bush is torching the world, so why isn't he being punished?

 HLF Case: A Typically Corrupt israeli Trial Conducted on American Soil

U.S. agency apologizes for fake wildfires news conference

Bill Clinton Speech Interrupted by 9/11 Truthers

I, Podhoretz: Mr. World War 4 Tutors Giuliani

Neo-Con Podhoretz Tells Audience To "Shut Up" After Tough Questions

International war criminal israelis try to stoke the flames of war as israeli raid kills four Palestinians in Gaza (AFP)

Kucinich asks the obvious as he questions war criminal dumbya bush's mental health over Iran and what he has done to the world and the nation, and on and on

Gold rises on strength in oil, safe haven buying

Afghanistan is Lost; 'Will Instigate Wider Regional War on a Grand Scale': Lord Ashdown

U.S. "undoubtedly in recession": Top Investor

Olbermann: ‘I heard Al Qaeda causes night to fall’ MSNBC host Keith Olbermann says the realistic threat of terrorism is being so overstated by the Bush administration — and in turn, by Fox News — that it’s downright funny.

U.S. "undoubtedly in recession": Jim Rogers

Buffett sees dollar weakness

Jim Rogers Shifts Assets Out of Dollar to Buy Yuan

Gold rises on strength in oil, safe haven buying

Barak OKs Gaza Power, Fuel Cuts

Oil Hits Record Above $90 on OPEC Report…..which rallies stock market with help of full moon and manipulated/fake housing numbers, despite reality and other bad news ie., fall in durables, etc..

U.S. "undoubtedly in recession": Jim Rogers

STRESS MESS IN U.S.; 48% CAN'T SLEEP...

WIRE: Clinton Could Lose Nomination.....

Buchanan: A Giuliani victory means right retains power but loses its soul...

USA, Russia at impasse on missile defense...

Destruction All Around...

REPORT: Monkeys, apes, and their human progeny are teetering on brink of extinction...

AIDS Virus Came to US Via Haiti
Voice of America - 10 hours ago
By Jessica Berman The strain of the HIV virus which predominates in the United States and Europe has been traced back to Haiti by a team of scientists.
AIDS Stopped in Haiti Before US U.S. News & World Report
A Single Person Brought AIDS to America Wired News

Iraqi blood is 'on your hands,' anti-war protester tells Condi
Condoleezza Rice appeared agitated but generally unfazed when an anti-war protester waved blood-red hands in her face, accusing the secretary of state of being a war criminal.

Tucker Carlson: Clueless About Historical Fact Government Engages in Mass Murder

Bush biggest spender since LBJ

Bush Regime Preaches Democracy, Proposes Tyranny

Sales of Existing Homes Fall by Largest Amount on Record...

Top Investor Quits Dollar After Declaring Recession...

MERRILL Posts First Loss Since 2001...>

Stocks rally off lows on higher oil prices, rumor of rate cut, and approaching full moon to commission those churn and earn computerized trades and keep the suckers sucked in. Indeed, so outrageous is their continuing fraud, that homebuilders whose guidance and results were worse than the expected bad also rallied. Bear market rally, suckers’ bear market rally, short-covering rally, dead dog bounce, etc……How ‘bout just plain old fraud!

China launches first lunar orbiter...

'Test space weapon'...

China says U.S. missile shield threatens global stability...

Liberals launch anti-Hillary campaign; Plan ads in early states...

PAPER: Bush biggest spender since LBJ...

Iraq, Afghan war bill could reach $2.4 trillion...

...COST EACH AMERICAN $8,000

Iraq and Afghanistan wars may total $2.4 trillion

3D Visualization World Trade Center

Rockefeller funds agent provocateurs to squash the Anti-War movement

Is the CIA helping itself to the Afghan heroin harvest?

Iran breaks with the US dollar

A weak dollar is bad for America

Is it Meltdown Time for the US Economy?

ON THE EVE OF DESTRUCTION

Rebranding The CIA

US air raids kill 49 civilians, children in Baghdad neighborhood
The US air strikes on Baghdad neighborhood of Sadr City killed 49 people including women and children, Iraqi officials said on Sunday.
Iraq-USA, Politics, 10/23/2007

Iran refutes UK defense secretary's allegations
The allegations made by the British defense secretary before the House of Commons are aimed at justifying illegitimate occupation of Iraq, Iran's Foreign Ministry spokesman Mohammad Ali Hosseini said yesterday.
Iraq-Iran-UK, Politics, 10/23/2007

UK denies allegations of Iraqi abuse by British troops
The British government denied allegation of abuse by UK troops in Iraq following the launch of legal action relating to an insurgent ambush incident on the road from Amara to Basra in May 2004.
Iraq-UK, Politics, 10/23/2007

Mottaki: Iran nuclear rights not to be trampled upon
Iran's Foreign Minister Manouchehr Mottaki yesterday sent a letter to his French counterpart Bernard Kouchner to declare that Iran is accountable to international system and it never lets its legitimate rights be trampled upon.
Iran-UN, Politics, 10/23/2007

Number of people fleeing inside Iraq could rise
Staffers of the agency "are closely watching developments at the Iraq-Turkey border," he said, pointing out that northern Iraq – the least insecure part of the country – is home to over 800,000 internally displaced Iraqis.
Iraq-UN, Politics, 10/23/2007

New UN Sudan envoy in Khartoum to meet officials
Ashraf Jahangir Qazi, who also heads the UN Mission in Sudan (UNMIS), is expected to meet over the next few days President Omar al-Bashir, First Vice President and President of the Government of Southern Sudan Salva Kiir, and senior officials of the Government of National Unity and the Government of Southern Sudan.
Sudan-UN, Politics, 10/23/2007

British author says UN best forum for repatriation of Palestinian refugees
He regretted that the Zionists are misinterpreting Christianity for their own ends, saying that Christian Zionism has nothing to do with Christianity.
Palestine-Israel-UN, Politics, 10/23/2007

Meltdown in oil production risks war and unrest, study warns
A new study warned Monday that world oil production will fall by half as soon as 2030 and that extreme shortages of fossil fuels will lead to wars and social breakdown.
Regional, Economics, 10/23/2007

Extra OPEC output will not cut prices
Algeria's Minister of Energy and Mines Chakib Khelil ruled out the possibility of convening an extraordinary meeting of the Organization of Petroleum Exporting Countries before its Abu Dhabi conference.
Regional, Economics, 10/23/2007

Scores killed by smugglers off Yemen's coast
Scores of people seeking a better life have been reportedly killed by brutal human smugglers during the perilous Gulf of Aden journey from Somalia to Yemen, adding to a mounting annual death toll that is already in the hundreds, a spokesman for the United Nations High Commissioner for Refugees (UNHCR) said today.
Yemen, Local, 10/23/2007

British PM wants Mideast Peace process move forward
British Prime Minister Gordon Brown has reiterated his desire to see the Middle East peace process "move forward" to an eventual two-state solution.
Palestine-Israel-UK, Politics, 10/23/2007

Palestinian killed in Israeli air raid in Gaza
Palestine-Israel, Military, 10/23/2007

Livni focuses on extremism and not Israel's occupation as cause of problems
LIVNI SAID : It is now evidently true that the regional conflicts in the Middle East are not a cause of the extremism, but a result of this phenomenon. Recognition of the fact that extremism is at the root of our regional conflict has an impact on the understanding of the conflict and the Palestinian Israeli relations.
Palestine-Israel, Politics, 10/23/2007

Justice against suppliers of chemical weapons to Saddam Husssein sought
Iran's Foreign Minister Manouchehr Mottaki yesterday called on the International Court of Justice (ICJ) to bring to justice suppliers of chemical weapons to Saddam regime during the 1980-88 Iraqi-imposed war on Iran.
Iraq-Iran-USA, Politics, 10/23/2007

Official: Iran, UAE economic complementary for each other
Head of Iran's Chamber of Commerce, Industry and Mines in Dubai. United Arab Emirates, said the existing potentials in the industrial sectors of Iran and the United Arab Emirates (UAE) can be complementary to each other.
United Arab Emirates-Iran, Economics, 10/23/2007

Freedom is mankind's ideal, occupation is condemned - Ahmadi-Nejad
Visiting Iranian President Mahmoud Ahmadi-Nejad in Armenia said yesterday evening freedom is among mankind's ideals, no one is allowed to take advantage of others, occupy their lands, or counter freedom of speech.
Iran-Regional, Politics, 10/23/2007

 

Head of Reconstruction Teams in Iraq Reports Little Progress Throughout Country - NY Times
Iraq-USA, Politics, 10/23/2007

US-Iraqi contract 'in disarray' - BBC
Iraq-USA, Politics, 10/23/2007

 

Editorial: Training Scam

 

1M FLEE
Southern California businesses shuttered by fires...
Disrupt Hollywood Lives, Work...
1,300+ Structures Burned...
SANTA ANAS EXPECTED TO SLOW FURTHER ON WEDNESDAY...

 

Redford Unleashed: 'Our country has hit a point where we have lost so much'...

IMF chief warns dollar may suffer 'abrupt fall' The head of the International Monetary Fund, Rodrigo Rato, warned Monday there are risks of an "abrupt fall" in the dollar, linked to a loss of confidence in dollar assets.

New York/New Jersey Corruption of all types in all levels of governmental/business activities Surges

MAFIA BIGGEST SECTOR OF ITALY'S ECONOMY...

Dem: Blackwater Dodged Millions in Taxes

Iraq: US involved in terrorist acts

Assad: If Iraq Splits Up, The Region Will Explode

Kelly family appeals for calm after new murder claims by MP

Why I know weapons expert Dr David Kelly was murdered, by the MP who spent a year investigating his death

Iraq whistleblower Dr Kelly WAS murdered to silence him, says MP

US Tells Israel to Halt Settlements in West Bank

EXODUS: HUNDREDS OF THOUSANDS FLEE INFERNOS IN CALIFORNIA...
JAILS, HOSPITALS, MENTAL FACILITIES EVACUATED...
Schwarzenegger orders troops to frontlines...
Thousands of homes at risk...
Malibu inferno...
GEFFEN OPENS UP BEACH INN FOR EVACUEES, FIREFIGHTERS...
Wind gusts to 80 mph...

MAFIA BIGGEST SECTOR OF ITALY'S ECONOMY...

wall street lunatic frauds’ new bull s**t story…..apple and google justify higher overall (other) stock prices…..riiiiight!.....what bull s**t!

Loan default problems widen; Include cars loans and credit cards...

U.S. air strikes in Baghdad kill toddlers: TV footage

Ex-CIA spy's account unveiled

IMF's Rato-Dollar overvalued despite orderly slide (Reuters)

AP: Sexual misconduct plagues US schools (AP)

DC area sees slowest home sales in more than decade...

REUTERSZOGBY POLL: Bush Approval Falls to New Record Low: 24%; Congress 11%...

Pelosi's reversal on Armenian Genocide; 'biggest political misstep of her speakership'…..except everything else including her reverence for her godfather bush in keeping with her italian roots/proclivities…..

PELOSI REBUKES CONGRESSMAN FOR INFLAMMATORY GODFATHER BUSH COMMENTS..LEAVE HER GODFATHER ALONE SAYS GUINEA PELOSI…..

REUTERSZOGBY POLL: Bush Approval Falls to New Record Low: 24%; Congress 11%...

GRAY FRIDAY: DOW DOWN OVER 360

Comcast Accused Of Setting Precedent To Scrap Net Neutrality

Breathtaking Abuse of the Constitution

CNN Poll: 88% say Rep. Stark should not apologize

Senate and Neocons Agree to Carve Up Bill of Rights

Iran brushes off Bush 'World War III' warning

Putin touts new nuclear weapon, attacks US foreign policy

Letters to Jewish families in Iran advise them to leave the country without delay

Author: Intel agencies morphed Iraqi defector's lies into something from Walt Disney

Hillary! Uncensored - Banned By The Media

Neo-Cons Push for Hillary’s Nomination

Democrats: AWOL When It Mattered

Global Warming: Dissenting Voices

Inconvenient Corrections: Al Gore's Wacky Facts

The Iraqi Genocide

Turkish troops ready for Kurdish operation on Iraqi border

Bush keeps mum about Israel/Syria strike

Putin wants US date to quit Iraq

China summons U.S. envoy over Dalai Lama award

Russia announces successful Topol ballistic missile test

Rachel Maddow: Bush says 'World War III is worth starting' over Iran

Abizaid: ‘We've Treated The Arab World As A Collection Of Big Gas Stations'

Something is Rotten in Iraq and the Pentagon

Ex-CIA analyst says lies led to war

$90 OIL and CLIMBING! Only has modest impact on the bubble (stock) market and the worthless paper in worthless dollars…..riiiiight!

STUDY: STEEP DECLINE IN OIL PRODUCTION BRINGS RISK OF WAR AND UNREST...
· Output peaked in 2006 and will fall 7% a year
· Decline in gas, coal and uranium also predicted 
Ashley Seager Monday October 22, 2007 The Guardian The world soon will not be able to produce all the oil it needs as demand is rising while supply is falling. This is a huge problem for the world economy," said Hans-Josef Fell, EWG's founder and the German MP behind the country's successful support system for renewable energy. The report's author, Joerg Schindler, said its most alarming finding was the steep decline in oil production after its peak, which he says is now behind us. …. the EWG study relies more on actual oil production data which, it says, are more reliable than estimates of reserves still in the ground. The group says official industry estimates put global reserves at about 1.255 gigabarrels - equivalent to 42 years' supply at current consumption rates. But it thinks the figure is only about two thirds of that…..

Turkish Prime Minister warns USA…..F**k off, War Criminals!…..

Putin warns Washington over missile shield...

Attacks US foreign policy, announces new nuclear weapon...

...Says USA should set date for Iraq withdrawal...

Oil motive...

Concern as Iraq Awards Power Contracts to Iran and China...

Dollar Falls to New Low Against Euro...

IMF says dollar 'overvalued'...

Poll: Nearly half think USA in recession...

Russia's Putin : "Iran Is Not Afraid" Of US, Israel "Believe Me"

Turkish MPs back attacks in Iraq

Will DOJ Look into the First Death of a U.S. 9/11 Researcher?

Paulson warns of damage to come

Bungling, bumbling, dumbling war criminal bush who invaded a nation based on lies warns of World War III if Iran goes nuclear

Ex-CIA analyst says lies led to war

Japan and China lead flight from the dollar
Japan and China led a record withdrawl of foreign funds from the United States in August, heightening fears of a fresh slide in the dollar and a spike in US bond yields.

How China Could Crash the US Dollar on a Whim

Paulson warns of damage to come

2011 - The U.S. Dollar: R.I.P.

Dot-com fever stirs sense of déjà vu

Experts Fear Repeat Of 1929 Economic Crash

Oil surges near $88 a barrel

Oil Futures Hit New Record High

Abbas Issues Warning Over Mideast Summit RAMALLAH, 18 October 2007 — Palestinian President Mahmoud Abbas yesterday accused Israel of hampering peace efforts and issued the warning that he would not attend a US-sponsored Middle East summit unless it yielded concrete results.

REUTERSZOGBY POLL: Bush Approval Falls to New Record Low: 24%; Congress 11%...

Japan and China lead flight from the dollar...

IMF says dollar 'overvalued'...

Japan and China lead flight from the dollar...

IMF says dollar 'overvalued'...

Coppola: 'De Niro, Nicholson and Pacino are all lazy'...

The fish that can survive for months in a tree...

Turkish Parliament Approves Iraq Mission...

Oil Hit Record $89...

B-52 flies with nuclear bombs by accidentally on purpose purported mistake

It was only then that crews discovered the six Advanced Cruise Missiles mounted on the bombers’ wings were armed with W80-1 warheads, which have yields of between 5 and 150 kilotons.

I have a problem with this story. Nuclear warheads are never stored mounted on missiles. They are stored separately,and paired with a vehicle only on authorization from National Command Authority.

Meanwhile...

Minot Base Officials Say Airman Dies While On Leave

Caddo deputies work double-fatality accident

Authorities identify Minot airman killed in crash

Bomber pilot killed in crash

Body of missing Air Force captain found - M. R.

All 14 of those reporting/leaking the  foregoing illegal/contrary to military’s own rules/protocol activities have been murdered

Then there’s the murdered microbiologists! What are these criminally insane lunatic/frauds up to…..no good!

Police could not find any fingerprints on Dr Kelly's 'suicide' knife ANDY DOLAN  UK Daily Mail Monday October 15, 2007Fresh doubts were raised over the suicide of Dr David Kelly after it emerged that no fingerprints were found on the knife he supposedly used to kill himself. The Hutton Inquiry into the death of the Ministry of Defence weapons expert ruled that he slashed one of his wrists with a blunt garden knife and took an overdose of pills. But the campaigning Liberal Democrat MP Norman Baker has carried out his own investigation after forensic experts questioned the official version of events. He has called for the case to be re-opened after Thames Valley Police revealed that no fingerprints were found on the knife. The Lewes MP made the discovery after submitting a Freedom of Information request to the force. The lack of fingerprints is especially strange as police records also revealed the germ warfare expert was not wearing any gloves when he died – nor were any found at the scene of his death. Mr Baker said: 'It is one of the things that makes me think Dr Kelly was murdered. 'The angle you pick up a knife to kill yourself – there would be fingerprints. Someone who wanted to kill himself wouldn't go to the lengths of wiping the knife clean of fingerprints.

‘Israeli Land Grabs Erode Confidence’

Gold futures top $760 to trade near a 28-year high

Euro shoots higher against US dollar

NIST Admits Total Collapse Of Twin Towers UnexplainableThe National Institute for Standards and Technology has been forced to admit that the total free-fall collapse of the twin towers cannot be explained after an exhaustive scientific study, implicitly acknowledging that controlled demolition is the only means by which the buildings could have come down.

Army Tests Bio-Weapons on U.S. Citizens
But our government wouldn't kill 3,000 of us on 9/11. Our government loves us.

Experts Fear Repeat Of 1929 Economic Crash
Two prominent economic experts have warned that "insiders with conflicts of interest" allied to the Fed's policy of tanking the dollar to bail out Wall Street could lead to a repeat of the economic crash of 1929, during a segment on Bill Moyers' PBS show.

In Overdrive to $1,000 Gold

Gold futures top $760 to trade near a 28-year high

Oil surges near $88 a barrel

Oil Futures Hit New Record High

Jordan ex-legislator sentenced to two years in prison for criticism of government
A defamation action was brought against him in May by interior minister Eid Al-Fayez after he posted an open letter to US senator Harry Reid on the Internet accusing the minister and other government members of corruption
Jordan, Politics, 10/16/2007

Two internet Syrian activists held incommunicado, may be 'disappeared'
Human Rights Watch spoke on 8th of this month of Syria holding writers and activists detained solely for expressing their opinions or reporting information online.
Syria, Politics, 10/16/2007

US on Turkish incursion into Iraq, Kurd oil issue
Iraq-Turkey-USA, Politics, 10/16/2007

Rice in Egypt gets support for US peace conference
Abul-Gheit "considers the visit an important part of the US moves to render this international conference successful" the agency said adding "the US plan of action depends on urging the Palestinian and Israeli sides to agree on a joint document
Egypt-USA, Politics, 10/16/2007

Putin in Iran: Russia to continue nuclear cooperation
Russia's President Vladimir Putin said today that delay in completion of Iran's Bushehr nuclear power plant is not politically motivated and Russia is serious about finishing the job as soon as possible but there are some minor issues which should first be resolved.
Iran-Russia, Politics, 10/16/2007

Quartet failing the Palestinians - UN envoy
"It is difficult to resist the conclusion that many of Israel's laws and practices violate the 1966 Convention on the Elimination of all forms of Racial Discrimination," the report said.
Palestine-Israel-UN, Politics, 10/16/2007

Olmert views on making peace
Israel's Prime Minister Ehud Olmert addressing the opening of the Knesset said "I know that Israel has excellent excuses with which to justify a stalemate between us and the Palestinians."
Palestine-Israel, Politics, 10/16/2007

Scores of Palestinians killed, arrested by Israeli soldiers
Basel Abu Srayes 40, was hit with shrapnel of an Israeli missile and was killed on the spot in the old city, while the aging Abed Shaker al-Wazeer 70, was killed when Israeli soldiers shot him dead near his house in Ksheika street in the city
Palestine-Israel, Politics, 10/16/2007

Rice: Now Is Time for Palestinian State - Washington Post
Palestine-Israel-USA, Politics, 10/16/2007


U.N. Report on Iraq Details An 'Ever-Deepening' Crisis: U.S. Airstrike on Insurgents Also Kills 15 Civilians - Washington Post
Iraq-USA, Politics, 10/16/2007

Turkey threatens to attack Kurdish separatists in Iraq - LA Times
Iraq-Turkey, Politics, 10/16/2007

Top Iraqis Pull Back From Key U.S. Goal: Reconciliation Seen Unattainable Amid Struggle for Power - Washington Post
Iraq-USA, Politics, 10/16/2007

Iraq’s Worries on Turkish Border Grow - NY Times
Iraq-Turkey, Politics, 10/16/2007

Ex-Commander Says Iraq Effort Is ‘a Nightmare’ - NY Times
Iraq-USA, Politics, 10/16/2007

Relations Sour Between Shiites and Iraq Militia - NY Times
Iraq, Politics, 10/16/2007

Iraqi warlord's defeat only hardens his resolve - LA Times
Iraq, Politics, 10/16/2007

Shi'ite tribal leaders in Iraq say Islamism on rise - Washington Post
Iraq, Politics, 10/16/2007

Persecuted Sect in Iraq Avoids Its Shrine - NY Times
Iraq, Politics, 10/16/2007

Corruption in Iraq 'Pernicious,' State Dept. Official Says - Washington Post
Iraq-USA, Politics, 10/16/2007

Separate attacks kill 5 Iraqi journalists - LA Times
Iraq, Politics, 10/16/2007

Blackwater USA Is Sued by Iraqis - NY Times
Iraq-USA, Politics, 10/16/2007

Iraq Demands Expulsion Of Contractor Blackwater, Compensation for Killings - Washington Post
Iraq-USA, Politics, 10/16/2007

US Planning to Build 14 Bases in Iraq ….. so much for their stated intentions: Finnish MP

Southern Calif. home sales plunge 30% in Sept...

‘Housing Decline Is Still Unfolding,’ Treasury Chief Says New York Times -
In a speech at Georgetown University's law school, Treasury Secretary Henry M. Paulson Jr. called for an overhaul of mortgage lending laws.
Paulson warns of damage to come MSNBC
Paulson Plans to Review Off-Balance Sheet Bank Units (Update2) Bloomberg

International Law and U.N. Resolution Violator israel Struck a Nuclear Energy Project Inside Syria…..to try and stoke global instability, chaos, and war, using $30 billion recent dollars from debt ridden u.s. which really doesn’t have that net money…..

‘Israeli Land Grabs Erode Confidence’

9 children killed in US raid in Iraq

Clinton says she'd negotiate with Iran

Military: 15 women, children killed in Iraq operation

B-52 flies with nuclear bombs by accidentally on purpose purported mistake

It was only then that crews discovered the six Advanced Cruise Missiles mounted on the bombers’ wings were armed with W80-1 warheads, which have yields of between 5 and 150 kilotons.

I have a problem with this story. Nuclear warheads are never stored mounted on missiles. They are stored separately,and paired with a vehicle only on authorization from National Command Authority.

Meanwhile...

Minot Base Officials Say Airman Dies While On Leave

Caddo deputies work double-fatality accident

Authorities identify Minot airman killed in crash

Bomber pilot killed in crash

Body of missing Air Force captain found - M. R.

All 14 of those reporting/leaking the  foregoing illegal/contrary to military’s own rules/protocol activities have been murdered

Then there’s the murdered microbiologists! What are these criminally insane lunatic/frauds up to…..no good!

Police could not find any fingerprints on Dr Kelly's 'suicide' knife ANDY DOLAN  UK Daily Mail Monday October 15, 2007Fresh doubts were raised over the suicide of Dr David Kelly after it emerged that no fingerprints were found on the knife he supposedly used to kill himself. The Hutton Inquiry into the death of the Ministry of Defence weapons expert ruled that he slashed one of his wrists with a blunt garden knife and took an overdose of pills. But the campaigning Liberal Democrat MP Norman Baker has carried out his own investigation after forensic experts questioned the official version of events. He has called for the case to be re-opened after Thames Valley Police revealed that no fingerprints were found on the knife. The Lewes MP made the discovery after submitting a Freedom of Information request to the force. The lack of fingerprints is especially strange as police records also revealed the germ warfare expertwas not wearing any gloves when he died – nor were any found at the scene of his death. Mr Baker said: 'It is one of the things that makes me think Dr Kelly was murdered. 'The angle you pick up a knife to kill yourself – there would be fingerprints. Someone who wanted to kill himself wouldn't go to the lengths of wiping the knife clean of fingerprints.

Congress must approve U.S. attack vs Iran: Pelosi

Handcuffed, Assaulted, Ticketed By Cop For Distributing 9/11 DVD's
Harassment, unconstitutional search, attempted frame-up of Livonia man for truth movement activism

‘Israeli Land Grabs Erode Confidence’

 

OIL HITS ABOVE $86...

DECLASSIFIED: U.S. Government Planned Radiation as "New Concept of Warfare"-- Assassinations, Covert Attacks and Contamination of Enemy Territories

Charlie Savage: Cheney Plotted Bush’s Imperial Presidency ‘Thirty Years Ago’

Newsweek editor: mob-man rudy victory would likely bring 'another war'

McKinney: Congress Was Urged to Propagate 'They Hate Our Freedoms' Rhetoric After 9/11

Giuliani Exposed as Fraud by Firefighters

New 9/11 Witness Saw Secondary Explosions and a First Floor Impact

Giuliani Lies About Suppressed EPA Reports

China rulers 'silencing dissent'

Israelis, the rest of the world, and Iran president brands israel/u.s. 'centre of global terror'

STUDY: As many as 38 MILLION illegal immigrants in the USA

Everything You Need to Know about Disinformation in 2 Minutes

Couric felt pressured by NBC to support war

US forces torture Press TV reporter

Iraqi insurgents announce new coalition

New U.S. military leaders question Iraq mission

US Embassy opening in Baghdad delayed indefinitely

US detains nearly 25,000 in Iraq

PAPER: Marines Press to Remove Their Forces From Iraq...

Putin: No evidence Iran building nuclear bomb...

...Russia warns against hasty action

Pelosi Lashes Out At Antiwar Activists...

...debate on Troop Withdrawals on Hold

PAGLIA: Dem Senators 'pack of vain, spineless, poll-puking, strutting peacocks'...

Obama Says Rivals Have Failed to Act...

Israeli troops kill Palestinian civilians in West Bank

International law violator and war provocateur israel's Palestinian road hit by critics (AP)

Suu Kyi rejects Burma junta's preconditions on peace talks

Economists cut 2008 forecasts for U.S. growth (Reuters)

Dollar lower vs euro and yen after Fed minutes but not to worry as rally based on bad news continues and one business editor/analyst labels same counter-intuitive/doesn’t make sense, which indeed is true as the churn-and-earn commissioning of worthless paper chasing paper continues.

Subprime crisis far from over

Qatar energy minister says oil prices should top $100

Oil rises on winter supply concerns

It Feels Good To Be A Gangsta
The last verse of the Geto Boys song, Damn It Feels Good To Be A Gangsta, to the backdrop of Bush/Clinton/Bush photos.

Iraqi president eyes huge US troop withdrawal

Brown decides to cut UK troops in Iraq by half

New Baghdad wall divides Shiite from Shiite

Rare march in Baghdad against new US wall

Hillary's Blackwater Connection

Blackwater's Hired PR Guns

Israeli Land Seizure to Cut West Bank in Two

Another Security Firm in Baghdad Shooting

Editorial: Blackwater Goons

Oil Should Be Above $100, Qatar Says

Qatar Minister Says Oil Prices Should Top $100...

PAPER: Corporate America racked by uncertainty; Executives unable to make strategic choices...

Chimps choose more rationally than their misguided progeny, humans...

UK Green Lights Iran StrikeReports in the British press this weekend have suggested that Gordon Brown's government has promised to back U.S. led strikes on Iranian military bases but not on the country's nuclear facilities.

Iraqi president eyes huge US troop withdrawal
The United States could withdraw more than 100,000 troops out of Iraq by the end of 2008 but should retain three permanent bases, Iraqi President Jalal Talabani said Sunday.

Brown decides to cut UK troops in Iraq by half

Iraq to Sue Blackwater, Says US firm Blackwater deliberately killed 17 Iraqis in last month’s shooting incident in Baghdad  Toll 17

Report says war on terror is fuelling al Qaeda (Reuters)

100,000 U.S. troops could leave soon: Iraq president...

Greenspan’s Dark Legacy Unmasked

Mystery Surrounds Death of U.S. Solider

Neocons Believe Jack Bauer Is Real

Byrd: Senate’s ‘Saber-Rattling’ Is ‘Sleep-Walking’ America To War With Iran as with the debacle in Iraq, so with Iran

Blackwater's bullets over Baghdad
Blackwater USA has sprayed more bullets over Baghdad than any government contract killers, er, cowboys. Nearly 200 shootings in Iraq since 2005, mostly from moving vehicles, no stops for body counts, let alone helping the wounded. This according to a new report from Congress. In fact, Blackwater is almost an insurgency unto itself.

Dow and S&P hit records on fake jobs report...
What, we worry? Heck no.  We work on wall street where stocks rally on good news, bad news, fake news, etc.!
MERRILL LYNCH posts first loss since tech boom...

Seized At Gunpoint For Looking At Cops Two disabled men from Bournemouth, England were seized from a pub at gunpoint by police under the terrorism act, taken to the local police station and questioned for 45 minutes after one of them opened his mail and the other looked at a police officer.

Henri Paul 'signalled' to paparazzi that Diana and Dodi were leaving the Ritz

Video: Princess Diana's final minutes

Approval of Bush, Congress Hits New Low

Fed Projects Four Year Long Recession

IMF Warns of Long Lasting Fallout from Global Financial Crisis

Dollar at Lifetime Low vs. Euro

Dollar Fears as Saudis Back Away from Dollar

Dollar Hits New Low Against Euro

Approval of Bush, Congress Hits New Low

World's oldest wall painting unearthed in Syria

Israel Demolishes Historical Fence in Jerusalem

Rice meekly, hence pathetically (while implicitly thanking the israelis for killing 34 american sailors, wounding 140, and sinking the american ship Liberty)  seeks Israeli 'clarification' on land grab 

Israeli Slams Settlers for Influencing US Foreign Policy

Elizabeth Edwards attacks Limbaugh's draft deferment; suggests it's fake...

Bush, Congress Hit New Lows in AP Poll...

WTC Worker Witnessed Lobby Explosions On 9/11

Prince Philip 'told MI6 to murder Diana and lover'

Israel 'deliberately attacked Liberty'  Press TV Wednesday, October 3, 2007 A new report by a US newspaper says that Israeli warplanes had deliberately attacked a US Navy ship and killed 34 US crew in 1967. The new information also suggests that the US government has since kept secret the details of the attack to protect Israel against criticism, according to The Chicago Tribune.

Giuliani Lies About Suppressed EPA Reports

New revelations in attack on American spy ship  Veterans, documents suggest U.S., Israel didn't tell full story of deadly '67 incident  John Crewdson Chicago Tribune Wednesday October 03, 2007
Bryce Lockwood, Marine staff sergeant, Russian-language expert, recipient of the Silver Star for heroism, ordained Baptist minister, is shouting into the phone. "I'm angry! I'm seething with anger! Forty years, and I'm seething with anger!"Lockwood was aboard the USS Liberty, a super-secret spy ship on station in the eastern Mediterranean, when four Israeli fighter jets flew out of the afternoon sun to strafe and bomb the virtually defenseless vessel on June 8, 1967, the fourth day of what would become known as the Six-Day War.For Lockwood and many other survivors, the anger is mixed with incredulity: that Israel would attack an important ally, then attribute the attack to a case of mistaken identity by Israeli pilots who had confused the U.S. Navy's most distinctive ship with an Egyptian horse-cavalry transport that was half its size and had a dissimilar profile. And they're also incredulous that, for years, their own government would reject their calls for a thorough investigation.They tried to lie their way out of it! Lockwood shouts. I don't believe that for a minute! You just don't shoot at a ship at sea without identifying it, making sure of your target!Four decades later, many of the more than two dozen Liberty survivors located and interviewed by the Tribune cannot talk about the attack without shouting or weeping. Their anger has been stoked by the declassification of government documents and the recollections of former military personnel, including some quoted in this article for the first time, which strengthen doubts about the U.S. National Security Agency's position that it never intercepted the communications of the attacking Israeli pilots -- communications, according to those who remember seeing them, that showed the Israelis knew they were attacking an American naval vessel.The documents also suggest that the U.S. government, anxious to spare Israel's reputation and preserve its alliance with the U.S., closed the case with what even some of its participants now say was a hasty and seriously flawed investigation.In declassifying the most recent and largest batch of materials last June 8, the 40th anniversary of the attack, the NSA, this country's chief U.S. electronic-intelligence-gatherer and code-breaker, acknowledged that the attack had "become the center of considerable controversy and debate." It was not the agency's intention, it said, "to prove or disprove any one set of conclusions, many of which can be drawn from a thorough review of this material," available athttp://www.nsa.gov/liberty .An Israeli Foreign Ministry spokesman, Mark Regev, called the attack on the Liberty "a tragic and terrible accident, a case of mistaken identity, for which Israel has officially apologized." Israel also paid reparations of $6.7 million to the injured survivors and the families of those killed in the attack, and another $6 million for the loss of the Liberty itself.But for those who lost their sons and husbands, neither the Israelis' apology nor the passing of time has lessened their grief.One is Pat Blue, who still remembers having her lunch in Washington's Farragut Square park on "a beautiful June afternoon" when she was a 22-year-old secretary for a law firm.Blue heard somebody's portable radio saying a U.S. Navy ship had been torpedoed in the eastern Mediterranean. A few weeks before, Blue's husband of two years, an Arab-language expert with the NSA, had been hurriedly dispatched overseas.As she listened to the news report, "it just all came together." Soon afterward, the NSA confirmed that Allen Blue was among the missing."I never felt young again," she said.Aircraft on the horizonBeginning before dawn on June 8, Israeli aircraft regularly appeared on the horizon and circled the Liberty.The Israeli Air Force had gained control of the skies on the first day of the war by destroying the Egyptian air force on the ground. America was Israel's ally, and the Israelis knew the Americans were there. The ship's mission was to monitor the communications of Israel's Arab enemies and their Soviet advisers, but not Israeli communications. The Liberty felt safe.Then the jets started shooting at the officers and enlisted men stretched out on the deck for a lunch-hour sun bath. Theodore Arfsten, a quartermaster, remembered watching a Jewish officer cry when he saw the blue Star of David on the planes' fuselages. At first, crew members below decks had no idea whose planes were shooting at their ship.Thirty-four died that day, including Blue, the only civilian casualty. An additional 171 were wounded in the air and sea assault by Israel, which was about to celebrate an overwhelming victory over the combined armies of Egypt, Syria, Jordan, and several other Arab states.For most of those who survived the attack, the Six-Day War has become the defining moment of their lives.Some mustered out of the Navy as soon as their enlistments were up. Others stayed in long enough to retire. Several went on to successful business careers. One became a Secret Service agent, another a Baltimore policeman.Several are being treated with therapy and drugs for what has since been recognized as post-traumatic stress disorder. One has undergone more than 30 major operations. Another suffers seizures caused by a piece of shrapnel still lodged in his brain.After Bryce Lockwood left the Marines, he worked construction, then tried selling insurance. "I'd get a job and get fired," he said. "I had a hell of a time getting my feet on the ground."With his linguistic background, Lockwood could have had a career with the NSA, the CIA, or the FBI. But he was too angry at the U.S. government to work for it. "Don't talk to me about government!" he shouts.U.S. Navy jets were called backAn Israeli military court of inquiry later acknowledged that their naval headquarters knew at least three hours before the attack that the odd-looking ship 13 miles off the Sinai Peninsula, sprouting more than 40 antennas capable of receiving every kind of radio transmission, was "an electromagnetic audio-surveillance ship of the U.S. Navy," a floating electronic vacuum cleaner. Three Israeli torpedo boats picked up where the air force left off, strafing the Liberty's decks with their machine guns and launching a torpedo that blew a 39-foot hole in its starboard side.To a man, the survivors interviewed by the Tribune rejected Israel's explanation.Nor, the survivors said, did they understand why the American 6th Fleet, which included the aircraft carriers America and Saratoga, patrolling 400 miles west of the Liberty, launched and then recalled at least two squadrons of Navy fighter-bombers that might have arrived in time to prevent the torpedo attack -- and save 26 American lives.J.Q. "Tony" Hart, then a chief petty officer assigned to a U.S. Navy relay station in Morocco that handled communications between Washington and the 6th Fleet, remembered listening as Defense Secretary Robert McNamara, in Washington, ordered Rear Adm. Lawrence Geis, commander of the America's carrier battle group, to bring the jets home.When Geis protested that the Liberty was under attack and needed help, Hart said, McNamara retorted that "President [Lyndon] Johnson is not going to go to war or embarrass an American ally over a few sailors."McNamara, who is now 91, told the Tribune he has "absolutely no recollection of what I did that day," except that "I have a memory that I didn't know at the time what was going on."The Johnson administration did not publicly dispute Israel's claim that the attack had been nothing more than a disastrous mistake. But internal White House documents obtained from the Lyndon B. Johnson Presidential Library show that the Israelis' explanation of how the mistake had occurred was not believed.Except for McNamara, most senior administration officials from Secretary of State Dean Rusk on down privately agreed with Johnson's intelligence adviser, Clark Clifford, who was quoted in minutes of a National Security Council staff meeting as saying it was "inconceivable" that the attack had been a case of mistaken identity.The attack "couldn't be anything else but deliberate," the NSA's director, Lt. Gen. Marshall Carter, later told Congress."I don't think you'll find many people at NSA who believe it was accidental," Benson Buffham, a former deputy NSA director, said in an interview."I just always assumed that the Israeli pilots knew what they were doing," said Harold Saunders, then a member of the National Security Council staff and later assistant secretary of state for Near Eastern and South Asian affairs."So for me, the question really is who issued the order to do that and why? That's the really interesting thing."The answer, if there is one, will probably never be known. Gen. Moshe Dayan, then the country's minister of defense; Levi Eshkol, the Israeli prime minister; and Golda Meir, his successor, are all dead.Many of those who believe the Liberty was purposely attacked have suggested that the Israelis feared the ship might intercept communications revealing its plans to widen the war, which the U.S. opposed. But no one has ever produced any solid evidence to support that theory, and the Israelis dismiss it. The NSA's deputy director, Louis Tordella, speculated in a recently declassified memo that the attack "might have been ordered by some senior commander on the Sinai Peninsula who wrongly suspected that the LIBERTY was monitoring his activities."The U.S. flag was visible by all accounts except the Israelis. Questions about what happened to the Liberty have been kept alive by survivors' groups and their Web sites, a half-dozen books, magazine articles and television documentaries, scholarly papers published in academic journals, and Internet chat groups where amateur sleuths debate arcane points of photo interpretation and torpedo running depth.Meantime, the Liberty's survivors and their supporters, including a distinguished constellation of retired admirals and generals, have persisted in asking Congress for a full-scale formal investigation."We deserve to have the truth," Pat Blue said.For all its apparent complexity, the attack on the Liberty can be reduced to a single question: Was the ship flying the American flag at the time of the attack, and was that flag visible from the air?The survivors interviewed by the Tribune uniformly agree that the Liberty was flying the Stars and Stripes before, during and after the attack, except for a brief period in which one flag that had been shot down was replaced with another, larger flag -- the ship's "holiday colors" -- that measured 13 feet long.Concludes one of the declassified NSA documents: "Every official interview of numerous Liberty crewmen gave consistent evidence that indeed the Liberty was flying an American flag -- and, further, the weather conditions were ideal to ensure its easy observance and identification. The attack, the court said, had been prompted by a report, which later proved erroneous, that a ship was shelling Israeli-held positions in the Sinai Peninsula. The Liberty had no guns capable of shelling the shore, but the court concluded that the U.S. ship had been mistakenly identified as the source of the shelling. The Liberty crewmen interviewed by the Tribune said the Israeli jets simply appeared and began shooting. They also said the Liberty did not open fire on the planes because it was armed only with four .50-caliber machine guns intended to repel boarders.That transcript, made by a Post reporter who was allowed to listen to what the Israeli Air Force said were tapes of the attacking pilots' communications, contained only two references to "American" or "Americans," one at the beginning and the other at the end of the attack.The first reference occurred at 1:54 p.m. local time, two minutes before the Israeli jets began their first strafing run.In the Post transcript, a weapons system officer on the ground suddenly blurted out, "What is this? Americans?They are Americans?" replied one of the air controllers.The question went unanswered, and it was not asked again.Twenty minutes later, after the Liberty had been hit repeatedly by machine guns, 30 mm cannon and napalm from the Israelis' French-built Mirage and Mystere fighter-bombers, the controller directing the attack asked his chief in Tel Aviv to which country the target vessel belonged.’Apparently American," the chief controller replied.Fourteen minutes later the Liberty was struck amidships by a torpedo from an Israeli boat, killing 26 of the 100 or so NSA technicians and specialists in Russian and Arabic who were working in restricted compartments below the ship's waterline.

Analyst: Israelis wanted it sunk

The transcript published by the Jerusalem Post bore scant resemblance to the one that in 1967 rolled off the teletype machine behind the sealed vault door at Offutt Air Force Base in Omaha, where Steve Forslund worked as an intelligence analyst for the 544th Air Reconnaissance Technical Wing, then the highest-level strategic planning office in the Air Force."The ground control station stated that the target was American and for the aircraft to confirm it," Forslund recalled. "The aircraft did confirm the identity of the target as American, by the American flag."The ground control station ordered the aircraft to attack and sink the target and ensure they left no survivors."Forslund said he clearly recalled "the obvious frustration of the controller over the inability of the pilots to sink the target quickly and completely.""He kept insisting the mission had to sink the target, and was frustrated with the pilots' responses that it didn't sink."Nor, Forslund said, was he the only member of his unit to have read the transcripts. "Everybody saw these," said Forslund, now retired after 26 years in the military.Forslund's recollections are supported by those of two other Air Force intelligence specialists, working in widely separate locations, who say they also saw the transcripts of the attacking Israeli pilots' communications.One is James Gotcher, now an attorney in California, who was then serving with the Air Force Security Service's 6924th Security Squadron, an adjunct of the NSA, at Son Tra, Vietnam.

"It was clear that the Israeli aircraft were being vectored directly at USS Liberty," Gotcher recalled in an e-mail. "Later, around the time Liberty got off a distress call, the controllers seemed to panic and urged the aircraft to 'complete the job' and get out of there."

The transcripts Block remembered seeing "were teletypes, way beyond Top Secret. Some of the pilots did not want to attack," Block said. "The pilots said, 'This is an American ship. Do you still want us to attack?'"And ground control came back and said, 'Yes, follow orders.'"

Gotcher and Forslund agreed with Block that the Jerusalem Post transcript was not at all like what they remember reading.

"There is simply no way that [the Post transcript is] the same as what I saw," Gotcher said. "More to the point, for anyone familiar with air-to-ground [communications] procedures, that simply isn't the way pilots and controllers communicate."Block, now a child protection caseworker in Florida, observed that "the fact that the Israeli pilots clearly identified the ship as American and asked for further instructions from ground control appears to be a missing part of that Jerusalem Post article."Arieh O'Sullivan, the Post reporter who made the newspaper's transcript, said the Israeli Air Force tapes he listened to contained blank spaces. He said he assumed those blank spaces occurred while Israeli pilots were conducting their strafing runs and had nothing to communicate. But sir, it's an American ship!'Forslund, Gotcher and Block are not alone in claiming to have read transcripts of the attack that they said left no doubt the Israelis knew they were attempting to sink a U.S. Navy ship.Many ears were tuned to the battles being fought in and around the Sinai during the Six-Day War, including those belonging to other Arab nations with a keen interest in the outcome."I had a Libyan naval captain who was listening in that day," said a retired CIA officer, who spoke on condition that he not be named discussing a clandestine informant."He thought history would change its course," the CIA officer recalled. "Israel attacking the U.S. He was certain, listening in to the Israeli and American comms [communications], that it was deliberate."The late Dwight Porter, the American ambassador to Lebanon during the Six-Day War, told friends and family members that he had been shown English-language transcripts of Israeli pilots talking to their controllers.A close friend, William Chandler, the former head of the Trans-Arabian Pipe Line Co., said Porter recalled one of the pilots protesting, "But sir, it's an American ship -- I can see the flag!' To which the ground control responded, 'Never mind; hit it!'"Porter, who asked that his recollections not be made public while he was alive because they involved classified information, also discussed the transcripts during a lunch in 2000 at the Cosmos Club in Washington with another retired American diplomat, Andrew Kilgore, the former U.S. ambassador to Qatar.Kilgore recalled Porter saying that he "saw the telex, read it, and passed it right back" to the embassy official who had shown it to him. He quoted Porter as recalling that the transcript showed "Israel was attacking, and they know it's an American ship."Haviland Smith, a young CIA officer stationed in Beirut during the Six-Day War, said that although he never saw the transcript, he had "heard on a number of occasions exactly the story that you just told me about what that transcript contained."He had later been told, Smith recalled, "that ultimately all of the transcripts were deep-sixed. I was told that they were deep-sixed because the administration did not wish to embarrass the Israelis."Perhaps the most persuasive suggestion that such transcripts existed comes from the Israelis themselves, in a pair of diplomatic cables sent by the Israeli ambassador in Washington, Avraham Harman, to Foreign Minister Abba Eban in Tel Aviv.Five days after the Liberty attack, Harman cabled Eban that a source the Israelis code-named "Hamlet" was reporting that the Americans had "clear proof that from a certain stage the pilot discovered the identity of the ship and continued the attack anyway."Harman repeated the warning three days later, advising Eban, who is now dead, that the White House was "very angry," and that "the reason for this is that the Americans probably have findings showing that our pilots indeed knew that the ship was American."According to a memoir by then-CIA director Richard Helms, President Johnson's personal anger was manifest when he discovered the story of the Liberty attack on an inside page of the next day's New York Times. Johnson barked that "it should have been on the front page!"Israeli historian Tom Segev, who mentioned the cables in his recent book "1967," said other cables showed that Harman's source for the second cable was Arthur Goldberg, then U.S. ambassador to the United Nations.The cables, which have been declassified by the Israelis, were obtained from the Israeli State Archive and translated from Hebrew by the Tribune.Oliver Kirby, the NSA's deputy director for operations at the time of the Liberty attack, confirmed the existence of NSA transcripts.Asked whether he had personally read such transcripts, Kirby replied, "I sure did. I certainly did.""They said, 'We've got him in the zero,'" Kirby recalled, "whatever that meant -- I guess the sights or something. And then one of them said, 'Can you see the flag?' They said 'Yes, it's U.S, it's U.S.' They said it several times, so there wasn't any doubt in anybody's mind that they knew it."Kirby, now 86 and retired in Texas, said the transcripts were "something that's bothered me all my life. I'm willing to swear on a stack of Bibles that we knew they knew."One set of transcripts apparently survived in the archives of the U.S. Army's intelligence school, then located at Ft. Holabird in Maryland.W. Patrick Lang, a retired Army colonel who spent eight years as chief of Middle East intelligence for the Defense Intelligence Agency, said the transcripts were used as "course material" in an advanced class for intelligence officers on the clandestine interception of voice transmissions."The flight leader spoke to his base to report that he had the ship in view, that it was the same ship that he had been briefed on and that it was clearly marked with the U.S. flag," Lang recalled in an e-mail."The flight commander was reluctant," Lang said in a subsequent interview. "That was very clear. He didn't want to do this. He asked them a couple of times, 'Do you really want me to do this?' I've remembered it ever since. It was very striking. I've been harboring this memory for all these years."Key NSA tapes said missingAsked whether the NSA had in fact intercepted the communications of the Israeli pilots who were attacking the Liberty, Kirby, the retired senior NSA official, replied, "We sure did."On its Web site, the NSA has posted three recordings of Israeli communications made on June 8, 1967. But none of the recordings is of the attack itself.Indeed, the declassified documents state that no recordings of the "actual attack" exist, raising questions about the source of the transcripts recalled by Forslund, Gotcher, Block, Porter, Lang and Kirby.The three recordings reflect what the NSA describes as "the aftermath" of the attack -- Israeli communications with two Israeli helicopters dispatched to rescue any survivors who may have jumped into the water.Two of the recordings were made by Michael Prostinak, a Hebrew linguist aboard a U.S. Navy EC-121, a lumbering propeller-driven aircraft specially equipped to gather electronic intelligence.But Prostinak said he was certain that more than three recordings were made that day."I can tell you there were more tapes than just the three on the Internet," he said. "No doubt in my mind, more than three tapes."At least one of the missing tapes, Prostinak said, captured Israeli communications "in which people were not just tranquil or taking care of business as normal. We knew that something was being attacked," Prostinak said. "Everyone we were listening to was excited. You know, it was an actual attack. And during the attack was when mention of the American flag was made."Prostinak acknowledged that his Hebrew was not good enough to understand every word being said, but that after the mention of the American flag "the attack did continue. We copied [recorded] it until we got completely out of range. We got a great deal of it."Charles Tiffany, the plane's navigator, remembers hearing Prostinak on the plane's intercom system, shouting, "I got something crazy on UHF," the radio frequency band used by the Israeli Air Force."I'll never forget it to this day," said Tiffany, now a retired Florida lawyer. He also remembers hearing the plane's pilot ordering the NSA linguists to "start taping everything."Prostinak said he and the others aboard the plane had been unaware of the Liberty's presence 15,000 feet below, but had concluded that the Israelis' target must be an American ship. "We knew that something was being attacked," Prostinak said.After listening to the three recordings released by the NSA, Prostinak said it was clear from the sequence in which they were numbered that at least two tapes that had once existed were not there.One tape, designated A1104/A-02, begins at 2:29 p.m. local time, just after the Liberty was hit by the torpedo. Prostinak said there was a preceding tape, A1104/A-01.That tape likely would have recorded much of the attack, which began with the air assault at 1:56 p.m. Prostinak said a second tape, which preceded one beginning at 3:07 p.m., made by another linguist aboard the same plane, also appeared to be missing.As soon as the EC-121 landed at its base in Athens, Prostinak said, all the tapes were rushed to an NSA facility at the Athens airport where Hebrew translators were standing by."We told them what we had, and they immediately took the tapes and went to work," recalled Prostinak, who after leaving the Navy became chief of police and then town administrator for the village of Lake Waccamaw, N.C.Another linguist aboard the EC-121, who spoke on condition that he not be named, said he believed there had been as many as "five or six" tapes recording the attack on the Liberty or its aftermath.Andrea Martino, the NSA's senior media adviser, did not respond to a question about the apparent conflict between the agency's assertion that there were no recordings of the Israeli attack and the recollections of those interviewed for this article.

U.S. inquiry widely criticizedRather than investigating how and why a U.S. Navy vessel had been attacked by an ally, the Navy seemed interested in asking as few questions as possible and answering them in record time.Even while the Liberty was still limping toward a dry dock in Malta, the Navy convened a formal Court of Inquiry. Adm. John McCain Jr., the commander of U.S. naval forces in Europe and father of Sen. John McCain (R-Ariz.), chose Adm. Isaac Kidd Jr. to preside.The court's charge was narrow: to determine whether any shortcomings on the part of the Liberty's crew had contributed to the injuries and deaths that resulted from the attack. McCain gave Kidd's investigators a week to complete the job."That was a shock," recalled retired Navy Capt. Ward Boston, the inquiry's counsel, who said he and Kidd had estimated that a thorough inquiry would take six months."Everyone was kind of stunned that it was handled so quickly and without much hullabaloo," said G. Patrick March, then a member of McCain's staff in London.Largely because of time constraints, Boston said, the investigators were unable to question many of the survivors, or to visit Israel and interview any Israelis involved in the attack.Rear Adm. Merlin Staring, the Navy's former judge advocate general, was asked to assess the American inquiry's report before it was sent to Washington. But Staring said it was taken from him when he began to question some aspects of the report. He describes it now as "a hasty, superficial, incomplete and totally inadequate inquiry."Staring, who is among those calling for a full congressional investigation on behalf of the Liberty's survivors, observed in an interview that the inquiry report contained several "findings of fact" unsupported by testimony or evidence.One such finding ignored the testimony of several inquiry witnesses that the American flag was flying during the attack, and held that the "available evidence combines to indicate the attack on LIBERTY on 8 June was in fact a case of mistaken identity."There are also apparent omissions in the inquiry's report. It does not include, for example, the testimony of a young lieutenant, Lloyd Painter, who was serving as officer of the deck when the attack began. Painter said he testified that an Israeli torpedo boat "methodically machine-gunned one of our life rafts" that had been put over the side by crewmen preparing to abandon ship.Painter, who spent 32 years as a Secret Service agent after leaving the Navy, charged that his testimony about the life rafts was purposely omitted.

Ward Boston recalled that, after McCain's one-week deadline expired, Kidd took the record compiled by the inquiry "and flew back to Washington, and I went back to Naples," the headquarters of the 6th Fleet."Two weeks later, he comes back to Naples and calls me from his office," Boston recalled in an interview. "In that deep voice, he said, 'Ward, they aren't interested in the facts. It's a political issue and we have to put a lid on it. We've been ordered to shut up.'"It's time for the truth to come out," declared Boston, who is now 84. "There have been so many cover-ups.""Someday the truth of this will come out," said Dennis Eikleberry, a NSA technician aboard the Liberty. "Someday it will, but we'll all be gone."James Ennes, now 74, who was officer of the deck just before the attack began, and later spent two months in a body cast, is one of the more vocal survivors.

LIKE THE OTHERS, ENNES IS TIRED OF WAITING FOR TRUTH AND JUSTICE.

International War Criminal nation israel admits air attack on Syria

THE ALARMING PARALLELS BETWEEN 1929 AND 2007

Limp limbaugh Compares Purple Heart Recipient In Vote Vets Ad To A Suicide Bomber

REBUKE: Bishop Would Deny Communion to Giuliani...

Southern & New England secessionists meet to plot split from USA...

Fed Projects Four Year Long Recession

IMF Warns of Long Lasting Fallout from Global Financial Crisis

Dollar at Lifetime Low vs. Euro

Dollar Fears as Saudis Back Away from Dollar

Dollar Hits New Low Against Euro

Greenspan Warns Good Times Are Over

Durra’s Father Rebuffs Israeli Denial of Killing

SENATE DEMOCRATS CONDEMN LIMBAUGH

Pending Home Sales Index Hits Record Low…rallying the home-building stocks…riiiiight!.

Ann Coulter Declares: 'If we took away women's right to vote, we'd never have to worry about another Democrat president'…which now brings to the fore an oft-touted rumor regarding the nature of Ann Coulter’s genitalia…I doubt she or the rumor is serious…..

FORD U.S. SALES PLUMMET 21% IN SEPTEMBER…..stock rallies…..

Blackwater involved in 195 Iraq shootings

Gold hits 28-year peak, platinum near all-time high

Dow surges to record high

FBI Thought Bombs Brought Down Towers On 9/11

Euro bursts to fresh dollar high

Greenspan on market upheaval

U.S. Is Top Arms Seller to Developing World

Gold Rises As Dollar Sinks Like A Rock

CIA is "Terrorist' Agency" says Iran

Israel Spreading Lies to Push For War Says Syria

Freddie Mac chief warns of recession

EU's Almunia says worried by dollar's fall

Another record euro high vs dollar

Euro bursts to fresh dollar high

US headed for housing depression

The dollar is declining and inflation is lying in wait. Market conditions are waving red in the face of gold bulls

Sen. Harkin on Senate Floor: 'Maybe Limbaugh was high on drugs again'...

Burma: Thousands dead in massacre of the monks; dumped in the jungle...
Stallone and Crew Saw Aftermath...

PROFIT PLUNGE WARNING AT CITI...

DOW SETS RECORD HIGH TO START 4TH QUARTER...

Swiss bank UBS warns of big losses, blames US housing crisis...

Abbas Calls for Final Status of State on US Summit Agenda

Editorial: War Criminal Nation israel’s Collective Punishment

Iran Labels CIA 'Terrorist Organization'...

GOLD RUSH: METAL AT 27-YEAR HIGH...

Dollar Hits Record Low Against Euro...

Waning full moon brings beginning of stock descent into reality, with commerce department fake reports/numbers defying all realistic expectations in temporarily minimizing the presentment of reality.

Dollar Hits Record Low Against Euro...

Canadian dollar closes above U.S...

School Guards Break Child's Arm And Arrest Her For Dropping Cake

State Dept. Tallies 56 Shootings Involving Blackwater

Myanmar troops kill 9 more protesters

Myanmar crackdown draws outrage

U.S. Treasury Signals the Derivatives Mess Is Far From Over

Time To Take Some Chips Off the Table

Chicago Fed Index Shows Likelihood of a Recession Increasingly Likely 

Oil prices back above $83 a barrel

Bush's fiscal legacy: bigger debt

CFR's Hart Suggests False Flag Event For Iran War  Council on Foreign Relations member Gary Hart, famed for stating that Americans will die en- mass on home soil this century, and for declaring 48 hours after 9/11 that it should be used "to carry out a new world order", has written a scathing letter to the leaders of Iran clearly warning that the U.S. government has a history of staging provocations in order to initiate conflict with other nations and that Iran could be next.

Key provsions of Patriot Act unconstitutional, says judge

US Military Official: Blackwater "May Be Worse Than Abu Ghraib"

U.S. Government About to be Broke

GALLUP: Trust in Federal Government, On Nearly All Issues, Hits New Low -- Even Less Than in Watergate Era

Another record euro high vs dollar

Saddam Offered Exile, But Neo-Cons Unleashed Carnage Anyway

Gary Hart Warns Iran Of False Flag Provocation

Poll: US troop surge ineffective

Prof. Peter Dale Scott publishes: "9/11 Commission Deception, Cheney’s Actions on 9/11, and Why He Should Testify Under Oath"

Iran's Impending Destruction: Is Ahmadinejad Clueless?
Ervand Abrahamian, Iran expert at CUNY, made a few interesting comments to Amy Goodman of Democracy Now in regard to Mahmoud Ahmadinejad's speech at Columbia. Abrahamian was baffled by Ahmadinejad's lack of response to the increasing “tempo” of the neocon plan to shock and awe Iran, kill countless grandmothers and toddlers, and usher in “democracy” by way of cruise missile and bunker buster.

Wayne Madsen: "Lost Nukes" Blocked on Way to Iran

Durbin: Lieberman-Kyl Amendment Is ‘Dangerous,' ‘Puts Us On Record' In Support Of Iran War

Poll: US troop surge ineffective

US general defends arrest of Iranian in Iraq

Guard contracts in Iraq raising military worries

Bombings kill at least 10 in Iraq

Wave of Homicide Bombings Leaves Scores Dead in Iraq

MYANMAR ( BURMA ): TEAR GAS USED ON MONKS, DOZENS ARRESTED

Burma clashes kill three

West ‘complicit' in Third World corruption

Israeli Govt Rejects Unification of Gaza Strip Families

Dollar Hits Another Low Against Euro...

New-Home Sales Tumble...

5.1 MILLION HOMES FOR SALE IN USA...\

All the economic news was bad but the full moon to the rescue as lunatic wall street frauds rally stocks in what one analyst terms a fool’s rally!

Man who tried to extort $1M from Tom Cruise found dead...

Mistrial Declared in Spector Murder Case New York Times - By RANDAL C. ARCHIBOLD LOS ANGELES, Sept. 26 - The murder trial of the music producer Phil Spector ended on Wednesday in a mistrial after the jury, leaning heavily to convict him, could not reach a unanimous verdict, but he will be convicted in the next trial, consistent with the reality of his crime.
Money helped Spector more than celebrity Los Angeles Times
Money talks louder than fame in US celeb trials Reuters

Fame turns to infamy for rock producer Phil Spector Reuters -  By Jill Serjeant LOS ANGELES (Reuters) - Trembling, dead-eyed and apparently deserted by his famous friends, Phil Spector sat silently in a Los Angeles courtroom for five months -- a shadow of the man who revolutionized pop music 40 years ago.
Judge Declares Mistrial in Phil Spector Murder Trial Voice of America
Spector Jury: Lessons for the Next Trial Newsweek

Shootings by Blackwater Exceed Other Firms in Iraq New York Times -
An Iraqi woman walked past a burnt car at the site where Blackwater guards opened fire, killing nine civilians and a policeman. By JOHN M. BRODER and JAMES RISEN WASHINGTON, Sept.

Pelosimafiosi Claims She Has No Power to End Occupation, Promises CNN She'll Never Go Against the Don Godfather bush, Is all talk/show, incompetent, and doesn’t know what she’s doing, but would never Impeach

Gun Bill Rewrites Law To Disarm More Americans

Pentagon seeks 190 billion dollars for Iraq, Afghanistan

Democrat all but accuses Rice of telling Blackwater to cover up

Durable goods numbers down far more than expectations but full moon still in control as lunatic wall street frauds rally stocks on the bad news as their mantra, the full moon is our friend, reverberates throughout.

Financial Times: Chinese buy into conspiracy theory

West ‘complicit’ in Third World corruption

Eugenics Cartoon Aptly Portrays Humans As Virus
Short German cartoon that portrays humans as a virus on the planet Earth that will eventually destroy the earth but will never spread to the rest of the Universe and get the opportunity to kill everything they come into contact with

New World Order Quotations
A collection of quotations from elite figures, media heads, government officials, persons from history, authors and more on the subject of the move toward a new world order under a one world government and a reduced human population.

Isn’t It Time For Everyone To Realize That Bush Really Is An Idiot and It Does Matter ?

Australia can’t rise above their penal colony origins and pushes further Web censorship  A bill introduced this week by Australia's Parliament would give the Australian federal police the power to control which sites can and cannot be viewed by Australian Web surfers.

Israeli Raids Violate International Law and Kill Nine in Gaza Strip

Iraq, Afghanistan wars to cost US $190 bln in 2008Reuters - By Susan Cornwell WASHINGTON, Sept 26 (Reuters) - The wars in Iraq and Afghanistan will cost at least $190 billion in 2008, the Pentagon said on Wednesday, making it the most expensive year in the conflicts since they were launched by President George ...
Gates Seeks $190 Billion More for Wars in Iraq, Afghanistan Voice of America
Pentagon adds $42.3 billion to war funds request MarketWatch

Dollar at Lifetime Low vs. Euro

Dollar Fears as Saudis Back Away from Dollar

Dollar Hits New Low Against Euro

Olbermann: Bush use of bogus terror threat is 'most overt accusation yet' Former US Associate Deputy Attorney General Bruce Fein joined Keith Olbermann to discuss recent charges that the Bush administration employed false intelligence to convince lawmakers they should temporarily expand domestic spying powers under the Federal Intelligence Surveillance Act (FISA).

A NY Republican Club Says No To Ron Paul Fund Raising Event

FED PROJECTS A FOUR YEAR LONG RECESSION  ‘..…When Alan Greenspan was at the Fed he often had Fed governors write papers to rationalize and justify changes in Federal Reserve policy. One should read the (Fed governor) Mishkin paper mentioned above to understand what the Fed is doing now. If the credit markets don't revitalize in the next few weeks you can expect to see the Fed lower rates again by another 50 points at their October FOMC meeting no matter where the Dollar, Gold, or the DOW are. They have signaled that they don't give a damn about the Dollar. All they care about is Wall Street. One could look at this another way though. One could say that they don't care about inflation because they see a total bust in housing that will create deflationary pressures in the economy. Mishkin's paper projects negative GDP growth for the next five years, a Federal Funds rate falling two full points lower, consumer spending shrinking for five years, and the CPI going down and staying negative if housing prices decline by 20%. These negative trends are expected to begin now and accelerate for two and a half years……’

All Substantially Negative News Rallies Stock Market With the Full Moon Playing Its Usual Role In Spurring the Lunatic Frauds of Wall Street On.

Iran Leader Says Nuclear Issue Closed...
Brazil's Lula defends Iran's nuclear rights...
Existing Home Sales Drop Again in August…stocks rally…..riiiiight!.....

FLASH: Home Prices Post Biggest Drop in 16 Years...
Sales Fall for 6th Month…..STOCKS RALLY…...

Bush Homosexual Allegations Resurface In New Book
Allegations that George W. Bush performed a homosexual act on current U.S. Ambassador to Poland Victor Ashe in the mid-1980's have resurfaced in the tell-all memoirs of the woman who first made the claim.

Bush Predicts Hillary For Left Hand Puppet
President Bush has declared that Hillary Clinton will win the Democratic nomination, with the White House also declaring Barak Obama to be "condescending" and "intellectually lazy". Hoping to firm up the bush/clinton partnership that began with the illegal drug trade through Mena, Arkansas, it seems both audacious and absurd and as well, disingenuous at best  to refer to anyone as condescending/intellectually lazy when lazy moron dumbya bush is guilty of both, among war crimes, wrong/ stupid decisions/policies that have literally brought the nation down economically/geopolitically.

On Sunday talk show, Clinton refuses to commit to full Iraq pullout by end of first term despite having stated/intimated just that term

Alan Greenspan: US Dollar Collapse Looms

A Fed panic and a massive bailout of American banks paid for by the entire world

Inflation fears end rally, sending stocks down

Oil hits high over $84

Gulf states take half of UK bourse

Gold hits 28-yr high as dollar touches record lows

Home price falls hit 26 pct U.S. homeowners-survey

Editorial: Thugs on the Loose 25 September 2007

THE Bush administration condemns the existence of militias in Iraq. At the same time, however, it countenances the existence of its very own militias masquerading as civilian contractors.

 

None Dare Call It Genocide Llewellyn H. Rockwell, Jr., Arab News

How comfy we are all in the United States, as we engage in living-room debates about the US occupation of Iraq, whether ‘we’ are bringing them freedom when in reality we really are effecting genocide as americans seem comfortable with given their effecting genocide on the indigenous people of the u.s while illegally taking their land...

Questions regarding 9/11, Holocaust, etc. are legitimate, real, and must be asked beyond the propaganda ...

Democracy in retreat around the world; Report points to america and England...

Declares 'Gay-Free Iran'…which really bothers little jew man drudge since that means there’s no place for him in Iran...

PAPER: Bush quietly advising Hillary Clinton, top Democrats...

T_rump: Time for Bush to go into 'hiding' with him...

Author Grisham: Bush administration built around 'bad people with evil intent'...

Gere assails 'big lies'...

'F*** BUSH' Editorial Raises Eyebrows, Controversy At Colorado State Univ...

Rather: Government Influencing Newsrooms

Greenspan Confronted By Activists, Flees From Angry Mob

'F*** BUSH' Editorial Raises Eyebrows, Controversy At Colorado State Univ...

House prices to drop much lower: Greenspan

Rather: Somebody's got to take a stand and say democracy cannot survive Somebody, sometime has got to take a stand and say democracy cannot survive, much less thrive with the level of big corporate and big government interference and intimidation in news.

Epidemic Of Police Brutality Sweeps America

House prices to drop much lower: Greenspan

Greenspan Admits Fed Is Not Beholden To Any Government Agency

Gold hits 28-yr high as dollar touches record lows

Canadian Dollar at Parity With Greenback

Gulf states take half of UK bourse

Recession Too Mild a Word

Federal Approval To Travel WITHIN The US Soon?

Stocks rally on worthless dollar, high oil prices, high deficits both trade and budget, and fake government reports …..riiiiight!

Israel Oppressive Occupation and Violations of International Law and Detains Hamas Leader in West Bank

Canadians celebrate loonie's parity with US dollar...

Euro Hits New High, $1.41...

 

RECORD 26% SAY VALUE OF HOME FELL IN PAST YEAR...

 

Author Grisham: Bush administration built around 'bad people with evil intent'...

Congressman faces heat for telling truth about  jewish lobby’s role in the Iraq debacle and other pro israeli and against american interests positions on behalf of the Jewish lobby CNN Thursday September 20, 2007WASHINGTON (CNN) – Rep. Jim Moran, D-Virginia, is under fire from members of his own party for recent comments claiming a major Jewish public action committee was behind the push to invade Iraq in 2003.In the September issue of the Jewish magazine Tikkun, Moran is sharply critical of the American Israel Public Affairs Committee (AIPAC), saying AIPAC is the most powerful lobby and has pushed this war from the beginning. I think they represent the mainstream of American Jewish thinking,  and because they are so well organized… they have been able to exert power.

Inflation well-founded worries end rally, drag stocks down

Fears of dollar collapse as Saudis take flight

Dollar hits new low against euro

US expert warns of fresh shocks

Ron Paul Slams Bernanke For Dollar Meltdown Ron Paul has slammed Federal Reserve Chairman Ben Bernanke for deliberately depreciating the value of the dollar to artificially bail out Wall Street while poor and middle class people lose their homes and have their living standards lowered.

Oil at New Records for 7th Straight Day

China's Ultimatum: Let Us Invade Taiwan Or We'll Dump The Dollar

Greenspan Working To Destroy US Economy .

Gold Rises to Highest Since 1980 as Dollar Slumps on Fed's Cut

U.S. gold futures hit 28-year peak

Pickens: Crude Oil Could Hit $100 a Barrel by Year End OIL

Credit turmoil set to benefit big banks

Canadian Dollar Trades Equal to U.S. Dollar for First Time Since 1976 ...

Fears of dollar collapse on Saudis concerns...

'De-Peg Inevitable'

Euro Hits New High, Crests $1.40...

Break of key level may stoke political tensions

Gold hits highest level since 1980...

Oil Prices Hit $83 a Barrel...

Some laud the truth of the 'General Betray Us' Ad...

Carter: Iran No Threat to Israel .....

Iraqis Reject Blackwater Mercenary Thugs

Misleading AP Headline Betrays Establishment Media's Pro-War Agenda

Jack Cafferty admits he was wrong and Al was right about Iraq

Public not buying Bush spin
CNN ran a report on new poll numbers from CBS that show the American public was unmoved on Iraq by the testimony of Gen. David Petraeus and President Bush's speech on Iraq "Progress"

Israel Declares Gaza Strip an ‘Enemy Entity’

REPORT: CIA 'Shut Down in Iraq' Due to Blackwater Ban...

ALL-TIME LOW POLL: Congress approval at 11%; Bush at 29%...

Oil at New Records for 7th Straight Day...

Oil will hit $100 but probably not in 2007: T. Boone Pickens...

Stocks movin’ up with infinite P/E ratios…..riiiiight!

GREENSPAN WANTS SOMEONE TO FINISH HIS JOB OF DESTROYING THE U.S. ECONOMY

Greenspan predicts falling house prices, rising inflation
Greenspan warns of higher mid-term inflation - paper
Alan Greenspan defends himself
U.S. gold futures hit 28-year peak
Treasurys Fall Ahead of Fed Decision
Subprime Fallout: More Companies Slammed

SHORT-COVERING SUCKER’S BEAR MARKET RALLEY ON WORTHLESS DOLLARS AND FAKE GOVERNMENT REPORTS

Iraq conflict has cost 1.2 million lives, claims civilian survey

Marine Corps Exonerates Captain in Iraq Killings Washington Post - By Josh White A US Marine company commander who led the unit that killed as many as 24 Iraqi civilians in Haditha, Iraq, has had all criminal charges against him dismissed nearly two years after the shootings occurred.
Charges against Marine in Haditha case dropped AFP
Charges dropped against officer in civilian slayings North County Times

 

Greenspan: Recession Odds Have GrownThe Associated Press 

WASHINGTON (AP) - Alan Greenspan said the odds of a recession have grown since earlier this year, even though "the economy is not doing badly at this stage.
Greenspan Memoir Democratic Gift, Republican Grenade (Update1) Bloomberg
White House: Bush surprised by Greenspan criticism Xinhua

 

Oil hits new record at $81.01 per barrel...

 

Madonna, roman rooted sleezepot/opportunist de jour: I'm an 'Ambassador for the Christ-killing jews and Judaism'...

Further signs of US economic pain although market rallies on unexpected government report showing increased consumer confidence…..riiiiight.

Greenspan Is Critical Of Bush in Memoir Washington Post -
By Bob Woodward Alan Greenspan, who served as Federal Reserve chairman for 18 years and was the leading Republican economist for the past three decades, levels unusually harsh criticism at President Bush and the Republican Party in his new book, ...
Greenspan: Interest rates need to go to double-digits USA Today
Fed’s Ex-Chief Attacks Bush on Fiscal Role New York Times

Greenspan alert on US house prices

By Krishna Guha in Washington Published: September 16 2007 19:40 | Last updated: September 17 2007 00:00
US house prices are likely to fall significantly from their present levels, Alan Greenspan has told the Financial Times, admitting that there was a bubble in the US housing market.

In an interview ahead of the release on Monday of his widely-anticipated memoirs, the former chairman of the Federal Reserve said the decline in house prices “is going to be larger than most people expect”.

U.S.-IRAQ: Fallon Derided Petraeus, Opposed the Surge

Billions over Baghdad

A Look At How Petraeus Helped Arm Warring Sunni and Shia Militias

Boehner: Troop deaths in Iraq are

SHOCK: GREENSPAN CLAIMS IRAQ WAR WAS REALLY FOR OIL, which ill-fated war crimes have injured the u.s. and the world

Israel Bulldozes Gaza Farmland

OIL INDUSTRY 'SLEEPWALKING INTO CRISIS'...

Fears Spread Among UK Bank's Customers...

Israeli campaign of house demolishing in Jerusalem
Israeli bulldozers launched this week a wide scale campaign of house demolishing north Jerusalem, locals said. Politics, 9/14/2007

Atomic agency: Iran nuclear dispute case closed
Since Iran has provided the agency with all required information and findings on plutonium, the IAEA considered the case as closed, he said Iran-UN, Politics, 9/14/2007

Experts Doubt Drop In Violence in Iraq: Military Statistics Called Into Question - Washington Post Iraq-USA, Politics, 9/14/2007

Iran Leader: Bush Will Be Tried...

America Needs to Assert Itself Vis-à-Vis Israel

Greenspan Book Criticizes Bush And Republicans...

Says Economic Policies Were Driven by Politics...

'Age of Turbulence: Adventures in a New World'...

British bank rocked by panic withdrawals...

Israeli Aircraft Fire on civilians in Gaza

 

60 MINUTES: GREENSPAN SAYS HE KNEW ABOUT ABUSES IN SUBPRIME LENDING BUT FAILED TO FORSEE THEIR PARALYZING MARKET EFFECTS UNTIL LATE 2005... DEVELOPING...

 

Ahmadinejad: Israel 'cannot continue its life'...

 

 

Dollar Sinks to Fresh Low Against Euro...

 

 

UPDATE: Madeleine judge gives police warrant to seize diary, laptop and Cuddle Cat...

Madeleine 'killed by overdose of sleeping tablets'...

 

Cuban leader claims US misled world over Sept. 11 attacks People's Daily Online - Cuban leader Fidel Castro claimed Tuesday the US government had misinformed the world about the Sept. 11 attacks on the United States six years ago.
Castro accuses US of 9/11 conspiracy AFP
Fidel Castro says US fooled world over 9/11 Reuters

De Palma wins director honors for anti-Iraq War film...

Dazed Bush forgets what country he's in, what summit he's at

NORTHCOM Plans 5 Day Martial Law Exercise
The United States Northern Command (USNORTHCOM) has just announced plans for an anti-terrorism exercise called Vigilant Shield 08 . The exercise which is slated to run from October 15th to October 20th is described as a way to prepare, prevent and respond to any number of national crises.

Police break up anti-war meeting in Washington
Mounted police charged in to break up an outdoor press conference and demonstration against the Iraq war in Washington on Thursday, arresting three people, organizers and an AFP reporter said.

New Zogby Poll: 51% Of Americans Want New 9/11 Investigation

Olbermann: Bush's true motive is 'War today, war tomorrow, war forever!'

Pro-Bush Group Allowed, Protest Group Banned at APEC

 

Gov’t trade numbers defy expectations (riiiiight) by $200 million instead of the worsening picture projected by economists spurring bull s**t rally…..riiiiight!

 

 

England, Israel football match protest vigil
"Israel operates an entrenched system of racial apartheid against its own non-Jewish inhabitants and has been illegally occupying Palestinian land," it said. The Israeli siege, it said, had "devastated" Palestinian daily lives.
Palestine-Israel-UK, Politics, 9/5/2007

Iranian cleric: US securing Zionists not Christian interests
Iranian Provisional Friday Prayer Leader of Tehran said in his second sermon US administration is propagating a certain version of Christianity that is not based on Jesus Christ teachings, but after securing Zionists' interests.
Iran-Regional-USA, Politics, 9/5/2007

2nd British ex-general criticizes Rumsfeld - LA Times
Iraq-UK, Politics, 9/5/2007

Attacks Kill 6 U.S. Troops, 13 Civilians - Washington Post
Iraq-USA, Politics, 9/5/2007

Israel Army Kills 10 in Gaza

UK Withdrawal From Basra: You Never Know Unless You Go

 

Editorial: International War Criminal Nation israel Kills Civilian Victims

 

SYRIA 'FIRES AT ISRAELI AIRCRAFT'...

Syria says Israel bombs territory, Israel silent...

 

Oil price tests at all-time high; Pressure on OPEC rises...

 

11 Arrests in NJ Corruption Probe...By TOM HESTER Jr.
TRENTON, N.J. (AP) - FBI agents arrested 11 public officials in towns across New Jersey Thursday on charges of taking bribes in exchange for influencing the awarding of public contracts, the U.S. Attorney's Office said….

 

UN: US economy will slow sharply this year and fall behind growth rates in most of the world...

McCain to Kid: ‘Thanks for the Question You Little Jerk…You’re Drafted!’

Bush restricting the travel rights of over 100,000 U.S. citizens
The freedom to travel of more than 100,000 Americans placed on “watch” and “no fly” lists is being restricted by the Bush-Cheney regime.

Dumbya bush: 'I do a lot of crying in this job'…yes, but not as much as the rest of the world because you war criminal bush are in the job...

UN: US economy will slow sharply this year and fall behind growth rates in most of the world...

Sources: B-52 mistakenly …..riiiiight….. carried nukes

Prosecutor nifong Reports to Jail where he belongs...

Duke Players Seek Money, Reforms...

Dinosaurs killed after deep-space crash

Scientology Faces Criminal Charges in Belgium; 'fraud and extortion'... Scientology Faces Criminal Charges Sep 4 10:40 AM US/Eastern By CONSTANT BRAND Associated Press BRUSSELS, Belgium (AP) - A Belgian prosecutor on Tuesday recommended that the U.S.-based Church of Scientology stand trial for fraud and extortion, following a 10- year investigation that concluded the group should be labeled a criminal organization.

Scientology said it would fight the criminal charges recommended by investigating prosecutor Jean-Claude Van Espen, who said that up to 12 unidentified people should face charges.

Van Espen's probe also concluded that Scientology's Brussels-based Europe office and its Belgian missions conducted unlawful practices in medicine, violated privacy laws and used illegal business contracts, said Lieve Pellens, a spokeswoman at the Federal Prosecutors Office.

"They also face charges of being ... a criminal organization," Pellens said in a telephone interview.

An administrative court will decide whether to press charges against the Scientologists.

In a statement, Scientology's Europe office accused the prosecutor of hounding the organization and said it would contest the charges.

"For the last 10 years, the prosecutor has been using the media, trying to damage the reputation of the Church of Scientology and not being able to put a case in court," Scientology said. "As a consequence, this created a climate of intolerance and discrimination" in Belgium.

It added that the prosecutor's recommendations suggested Scientology was guilty even before a court could hear the charges, making it "difficult for the Church of Scientology to recover and properly defend (itself) before the court."

Scientology has been active in Belgium for nearly three decades. In it opened an international office near the headquarters of the European Union to lobby for its right to be recognized as an official religious group, a status it does not enjoy in Belgium.

A Belgian parliamentary committee report in 1997 labeled Scientology a sect and investigations were launched into the group's finances and practices, such as the personality tests conducted on new members.

Investigators have spent the past decade trying to determine how far Scientology went in recruiting converts after numerous complaints were filed with police by ex-members alleging they'd been the victims of intimidation and extortion.

Justice officials seized financial records, correspondence, bank statements and other papers in their decade-long probe to track the flow of money to Scientology. Police also raided the offices of several consultancy firms linked to the Church of Scientology.

Pellens said that prosecutors expect Scientology to mount a strong legal challenge to the charges at a court hearing, which could come in the next two to three months. She acknowledged that could delay the case for years.

Belgium, Germany and other European countries have been criticized by the State Department for labeling Scientology as a cult or sect and enacting laws to restrict its operations.

The German government considers Scientology a commercial enterprise that takes advantage of vulnerable people.

The Los Angeles-based Church of Scientology, which is seeking to expand in Europe and be recognized as a legitimate religion, teaches that technology can expand the mind and help solve problems. The church, founded in 1954, counts actors Tom Cruise and John Travolta among its 10 million members.

Israel Condemned for Lebanon Attacks
By MARK LAVIE 09.06.07, 3:31 AM ET In its harshest condemnation of Israel since last summer's war, Human Rights Watch charged that most of the Lebanese civilian casualties came from "indiscriminate Israeli airstrikes," according to a report to be ...
Report on war rips Israelis Chicago Tribune
Report blames Israel for Lebanon war civilian deaths Reuters UK

UN: US economy will slow sharply this year and fall behind growth rates in most of the world...

McCain to Kid: ‘Thanks for the Question You Little Jerk…You’re Drafted!’

Bush restricting the travel rights of over 100,000 U.S. citizens
The freedom to travel of more than 100,000 Americans placed on “watch” and “no fly” lists is being restricted by the Bush-Cheney regime.

Dumbya bush: 'I do a lot of crying in this job'…yes, but not as much as the rest of the world because you war criminal bush are in the job...

UN: US economy will slow sharply this year and fall behind growth rates in most of the world...

Sources: B-52 mistakenly …..riiiiight….. carried nukes

Dinosaurs killed after deep-space crash

Congress must start impeachment inquiry: Ex-Reagan aide

Marine tells of order to execute Haditha women and children

200 journalists killed in Iraq war

Congress: Iraq 'surge' not working

Greenspan sees turmoil similar to 1987, 1998-WSJ

 

Murderer Spector’s liar calls for focus on the truth as follows:
Chauffeur: Spector Said, "I Think I Killed Somebody’. ‘Spector had the gun in his blood covered hand and I was afraid."

Woman Says Phil Spector Turned 'Demonic'...

Coroner on spector’s murder of Lana Clarkson: Definitely a Homocide. SHE HAD BRUISING INSIDE HER MOUTH, HAD HER POCKETBOOK STRAPPED TO her SHOULDER (LEAVING WEIRD PHIL’S HOUSE OVER HIS OBJECTION), AND HE HAD BLOOD INSIDE HIS POCKET (FROM THE GUN, POST-MURDER).

Corrupt criminal jews stick together as kaplan refuses to testify to previous sworn testimony she gave to grand jury regarding evidence tampering at the crime scene by defense expert liar-for-money lee

Judging by the blood spatter on Phil Spector's jacket, a criminalist testified Thursday that the famed music producer had his arms raised and was standing just two or three feet away from Lana Clarkson when the actress was shot Feb. 3, 2003.Spector's defense team will likely take issue with that conclusion. It has already asserted that, based on the lack of blood on his jacket, he was at least six feet away when Clarkson was killed by a gunshot wound through her mouth. Clarkson shot herself, the defense says.Los Angeles Sheriff's Department forensics expert Lynne Herold, the prosecution's 34th and final witness, said that, magnified 60 times under a microscope, the "mistlike" bloodstains on Spector's jacket showed that "piece of fabric was within two to three feet of the bloodletting event.""High-velocity backspatter" left spots on the front, back and left sleeve cuff of the white jacket, Herold testified, adding that it was on Clarkson's right side when the gunshot was fired and "was forward-facing and the arms had to be raised so the spatter could get on the back."Herold also pointed to bloodstains in the pocket of Spector's pants and on a piece of cloth diaper found in a bathroom near the foyer of his Alhambra mansion, where Clarkson died. "Something bloody came in contact with the inside of the left pants pocket," Herold said, suggesting the stain could have been made by placing the bloody gun in the pocket and then taking it out."There is smeared blood," she testified, referring to pictures of the Colt Cobra .38-caliber revolver that has been identified as the weapon that killed Clarkson. "It indicates to me there was some movement. There are places on the gun that would show some of the blood was moved or removed."Clarkson's blood was found in the tiny recesses of the gun's wooden grip, on parts of the sight at the end of the two-inch barrel and on the cartridge cylinder, but not on any of the weapon's raised surfaces, Herold said. "Could that be a product of someone wiping the gun off?" Deputy District Attorney Alan Jackson asked."That is one possible mechanism," she replied. After the shot was fired, Clarkson "was immediately incapacitated," Jackson said to Herold. "She didn't make this pattern, correct?”"Correct," Herold agreed. She later described seeing a pattern on the gun similar to the type of marks left after a moist cloth is wiped over a stainless steel surface. Other criminalists previously testified that no latent fingerprints were found on the gun, a not abnormal occurrence and not necessarily the result of someone wiping the weapon off. But it was said that Spector's DNA, although not found on the weapon, could have been covered up by the bloodstains. Herold testified yesterday that Spector may have tampered with the alleged crime scene before police arrived—about 45 minutes later, according to the prosecution.Clarkson was found slumped in a chair in Spector's foyer, her head turned toward her right side. Herold said that it looked as if someone, possibly Spector, had moved Clarkson's head to the left at some point. Also, she said, it looked as if her face had been wiped with a towel.Herold said that she was unable to determine the position of Clarkson's hands at the time the gun was fired, however. Just as the county coroner who ruled that Clarkson's death was a homicide had studied a textbook penned by one of the defense's experts, Herold admitted under cross-examination Thursday afternoon that she had taken an advanced course in bloodstain pattern analysis taught by two experts who will be testifying for the defense in the coming weeks.She did not consult with her former instructors when making her conclusions, Herold said. Defense attorney Linda Kenney Baden attacked Herold's credibility, saying that her knowledge of blood patterns wasn't extensive enough to form a reasonable opinion.To which Herold rolled her eyes and said that she had personally studied about 100 bloodstain pattern cases over the past 20 years of her career.The criminalist died say that large blood droplets can travel longer distances than smaller ones, but repeated that the micro-millimeter-sized drops found on Spector's jacket had traveled no more than two feet.

Witness: Spector Said All Women Deserve a Bullet

Congressman: Stock Market Will Eventually Collapse

Giuliani Dodges the Shadow of His Own 9/11 Inconsistencies
Reporters caught up with Giuliani again in attempt to resolve a long string of inconsistent and dodgy accounts of his role in the events of 9/11. Did he or didn't he have prior knowledge of the towers' collapse? And What about his incontrovertible mob ties, etc.!

9/11 Truthers Expose Obama's C.F.R. Ties
9/11 activists and Ron Paul supporters rally outside an Obama campaign event to expose the globalist control of presidential candidates and the fact that Barack's wife, Michelle Obama, is on the Board of Directors of the Chicago branch of the Council on Foreign Relations.

Google Censors Another 9/11 Documentary
Google Video is once again censoring one of Alex Jones' documentary films after it received a huge jump in viewings last week and briefly entered the top ten on the back of heightened warnings of an impending terror attack.
Poll: Vast Majority Oppose Giuliani Speaking At 9/11 Ceremony
Congressman: Stock Market Will Eventually Collapse

Congressman: Stock Market Will Eventually Collapse
Ron Paul says martial law provisions in place to deal with economic discord

Paul Joseph Watson Prison Planet Wednesday, August 29, 2007
Texas Congressman and presidential candidate Ron Paul says that attempts to rescue an ailing stock market last week, during which the Fed pumped in billions in liquidity, were merely a stop gap measure - and that an economic collapse is all but inevitable.
They think that they can control it but eventually they can't, as powerful as they are eventually the markets are more powerful, the Congressman told the Alex Jones Show yesterday.
The dollar can't be kept in check because eventually it will come unwound, he added.
But I think the most significant figure we've heard in the last few weeks is the measurement between 2000 - 2005, the clear cut admission that real income has gone down, which is a reflection of the dollar.
Paul explained that recent attempts to pump liquidity into the markets are only a temporary fix and that the long-term effects of doing so spell disaster for the economy.
The dollar is plunging no matter what you read and hear about and no matter how hard they work to keep the bubble going the only way they can do that is creating more money....causing the dollar to go down even faster, the market seems to be reassured - there's a contrivance to try to hold this together....but it won't last, eventually it's going to collapse, said Paul.

Bush to request $50 billion more for Iraq war: report

Neo-Nazi Immigration Demo: More Fed Provocateuring? A Neo-Nazi demonstration against illegal immigration, scheduled this weekend in a Nebraska town, is gaining media attention. However, it should be noted that in the past such events have been seized upon and orchestrated by federal authorities in an effort to demonize legitimate protestors concerned about the influx of foreign nationals into the U.S.

Why the US and Israel Should Lose Middle East Wars

US Government, complicit in Iraq corruption, helps punish whistleblowers
People who have brought war-related fraud and corruption to the attention of law enforcement suffer horribly as a result, reports the Associated Press Saturday

Arab League condemns Israeli aggression against Palestinians, other's silence
The Arab League strongly condemned today the continued Israeli attacks on the Palestinian territory, denouncing the silence of international community. Palestine-Regional, Politics, 8/27/2007
Senator Warner calls for US pullout from Iraq
Warner said that "The exact words, said I, 'Most respectfully, Mr. President, and I mean this, most respectfully suggest that you put some teeth behind your words.' You go back to the January 10th message when he instituted the surge Iraq-USA, Politics, 8/27/2007
Pentagon official is under investigationPentagon official is under investigation - LA Times
Iraq-USA, Politics, 8/27/2007
GIs' morale dips as Iraq war drags on - LA Times
Iraq-USA, Politics, 8/27/2007

BROKEBACK BATHROOM: SENATOR BUSTED IN AIRPORT SEX STING...

Dems want replacement who's loyal 'to the law, not the president' What total frauds they all are…..There hasn’t been an attorney general, democrat or republican, that doesn’t ‘play ball’ and isn’t guilty of numerous and substantial crimes, particularly RICO/Misprision of felony among many others…..Indeed, current congressional members and higher sink in the same sunken boat of pervasive corruption, fraud, and incompetence…..see the FBI Agent’s affidavit as well as that of the CIA Agent.
FBI Agent's Affidavit Attesting to the U.S. Government's Substantial and Continued Involvement in the Illegal Drug Business
CIA Agent's Affidavit Attesting to the U.S. Government's Substantial and Continued Involvement in the Illegal Drug Business

Feral Teens Symptomatic of Deeper British Malaise

U.N.: Record Afghan Drug Cultivation

Drug Cartels Put Hit Squads in Laredo

US won't tell Britons why they're banned from travelling to America

Drop Foreseen in Median Price of U.S. Homes

Financial bankruptcy, the US dollar and the real economy

Real Time Fiscal Armageddon Blogging

US recession risk highest since 9/11: ex-Treasury secretary
Former US Treasury secretary Larry Summers said Sunday it was too early to declare the financial markets crisis over and said chances had risen sharply of an economic downturn in the United States.

Chinese officials predicted 9/11 attacks
Imagine someone predicting the 9/11 attack on the World Trade Center in the US two years before the terror strike!

Evidence Suggests CIA Spiked Investigations
A grave miscarriage of justice is afoot. After years being withheld the Administration finally is forced to release the CIA's IG Report on 9/11.

University of Massachusetts Professor Calls For New 9/11 Investigation

American Airlines - "9/11 Didn't Happen"

Robert Fisk: Even I question the 'truth' about 9/11

Home Sales Hit Slowest Pace in 5 Years...

Former Treasury Sec, Warns: USA may be heading into recession...

Credit-card defaults on rise...

FRED THOMPSON: USA WILL BE 'WEAKER, LESS PROSPEROUS'...

HISTORIC: Drop Foreseen in Median Price of Homes...

Flips, scams blamed in California housing decline...

 

Dollar May Fall to Record Within Six Months, Goldman Sachs Says

ABC/NBC Footage Captures White Smoke From WTC 2 Base Moments Before Collapse

US jet kills three British soldiers in 'friendly fire' blunder in Afghanistan

 

14 US Soldiers Die in Iraq Copter Crash

 

Editorial: Desperate for a legacy other than the fact of  his failed presidency war criminal bush is again Distorting the Truth

 

Ad Wars Heat Up Ahead of 'Surge' Propaganda Report...

 

Bush: No pullout from Iraq while I'm president which means war criminal, incompetent (mental illness/infirmity is no stretch for moron dumbya) bush should be removed from office without delay with those who fail so to do complicit with this undeniable policy of failure...

 

POLITICS-US- ONLY A MORON COULD TRY TO COMPARE BUSH SHAM WAR/CRIMES/FRAUD BASED ON LIES: Moron Bush Campaigns to Sustain Military "Surge" IPS - By Jim Lobe WASHINGTON, Aug 22 (IPS) - Opening a new campaign to sustain his "surge" strategy in Iraq, President George W. Bush Wednesday compared Washington's ongoing struggle there to both World War II and the Vietnam War where, he said, ...
Bush invokes 'tragedy of Vietnam' against Iraq pullout CNN International
Bush: there will be no pullout from Iraq while I'm president Guardian Unlimited

 

Intel report questions Iraq's progress WZZM 

 

Warner Says US Should Start Withdrawing Iraq Force

 

Anger at Bush's Vietnam claim New Zealand Herald 

 

Warner disputes Bush Vietnam-Iraq analogy

 

MURDER/WAR CRIMES ARE US

New book challenges US support for Israel (AFP)  by Luis Torres de la Llosa
NEW YORK (AFP) - An upcoming book that challenges whether diplomatic and military support for Israel is in the United States' best interests is set to spark fresh debate on Washington's role in the Middle East.
The Israel Lobby and US Foreign Policy, written by two of the United States' most influential political science professors, is set to hit the bookshelves next Tuesday and promises to break the taboo on the subject.
Written by John Mearsheimer from the University of Chicago and Stephen Walt from Harvard, the book follows an article they published last year that stirred impassioned debate by setting out a similar position.
Their thesis is that US endorsement of Israel is not fully explained by strategic or moral reasons, but by the pressure exerted by Jewish lobbyists, Christian fundamentalists and neo-conservatives with Zionist sympathies.
The result, according to the book, is an unbalanced US foreign policy in the Middle East, the US invasion of Iraq, the threat of war with Iran or Syria and a fragile security situation for the entire Western world.
Israel is not the strategic asset to the United States that many claim. Israel may have been a strategic asset during the Cold War, but it has become a growing liability now that the Cold War is over, the authors said.
Unconditional support for Israel has reinforced anti-Americanism around the world, helped fuel America's terrorism problem, and strained relations with other key allies in Europe, the Middle East, and Asia, they added.
According to the two writers, backing Israel's harsh treatment of the Palestinians has reinforced Anti-Americanism around the world and almost certainly helped terrorists recruit new followers.
Abraham Foxman, director of the Anti-Defamation League, described the book as an insidious, biased account of the Arab-Israeli conflict and of the role of supporters of Israel in the US, in an interview with AFP.
Everything about American policy toward the conflict is presented in exaggerated form, as if America is completely one-sided in support of Israel and that those policies are simply the product of the Israel lobby.
He is countering Mearsheimer and Walt's book with his own title: "The Deadliest Lies. The Israel Lobby and the Goal of Jewish Control," due out on the same day.
Mearsheimer and Walt highlight the three billion dollars in US economic and military aid that Israel receives every year -- more than any other country.
They also point to Washington's diplomatic support: between 1972 and 2006, the United States vetoed 42 United Nations Security Council resolutions that were critical of Israel, while watering down many others under threat of veto.
Foxman counters that the special relationship like that of bisexuals goes both ways and that the United States has gained much grief out of its ally and at great expense.
The Chicago Council on Global Affairs canceled a public debate on the issue planned for September and featuring Mearsheimer and Walt when they were unable to schedule a time that Foxman could also manage.
In the conclusion of their book, Mearsheimer and Walt say that the United States must change its policy towards Israel.
The United States would be a better ally if its leaders could make support for Israel more conditional and if they could give their Israeli counterparts more candid advice without facing a backlash from the Israel lobby.
With just over a year until the 2008 US presidential election, however, they said the issue was unlikely to even enter the debate.
Regrettably, no. The one issue on which there will be virtually no debate is the question of whether the United States should continue to give Israel unconditional backing, they said.

Finally, a rational, logical analysis and critique of america’s folly vis-à-vis Israel wherein Israel has made their problems america’s problems through their war crimes/violation of u.n. resolutions/international crimes/greed at great cost to america  in blood, money, and world standing/respect!

New book challenges US support for Israel (AFP)

FILM ON ABUSES BY TROOPS IN IRAQ STUNS VENICE...

De Palma: 'When I read about the Mahmudiyah incident in Iraq 2006 -- five U.S. soldiers raped a local girl, killed her and her family and later tried to disguise it as an insurgent attack -- I knew I had a story.'

Tim Robbins: 'We've killed over 700,000 of their citizens based on lies'....
Spy plane video to be evidence in Haditha killings case CNN
Marine Says Leader Shot Haditha Civilians Washington Post

Spy plane video to be evidence in Haditha killings case CNN
Marine Says Leader Shot Haditha Civilians Washington Post

US Congress given negative assessment on Iraq progress
A US Congressional report to be released next week has given negative assessment on the Iraqi government's performance in advancing political progress and security.
A More Pessimistic Report on Iraq New York Times
GAO Report: Iraqis Meeting 3 of 18 Benchmarks

Larry Craig Pervert Scandal Is Tip Of The Iceberg

Beelzebub bush the war criminal Calls for the Mass Murder of Iranians

Dr. Paul Craig Roberts
Also on the Alex Jones Show former assistant secretary of the Treasury in the Reagan Administration and prolific and popular journalist Paul Craig Roberts to discuss the administration of George W. Bush which has achieved the greatest combination of idiocy and evil in human history.

US Government, complicit in Iraq corruption, helps punish whistleblowers

White House Pushes Back on Iraq Report Washington Post - By ANNE FLAHERTY and ANNE GEARAN AP WASHINGTON -- An independent assessment concluding that Iraq has made little political progress in recent months despite an influx of US troops drew fierce objections from the White House on Thursday and provided ...
Democratic leaders seize on GAO Iraq report The Hill

Haditha Squad Leader In Military Court Guardian Unlimited - From AP By THOMAS WATKINS AP Writer CAMP PENDLETON, Calif. (AP) - A Marine testified Thursday that he saw a roomful of frightened women and children moments before they were killed by his squad mates in Haditha, Iraq, but he said he did not see who ...
Marine testifies against accused Haditha ringleader Reuters
Meridan marine facing murder charges WTNH

Second British general bashes US strategy in Iraq AFP –
LONDON (AFP) - The British backlash over the US handling of post-invasion Iraq grew Sunday as another military commander blasted Washington's "fatally flawed" policy.
Former army chief blasts US policy Guardian Unlimited
Gen Sir Mike Jackson attacks US over Iraq Telegraph.co.uk

MURDER/WAR CRIMES ARE US

Investigator Wants Murder Charges Against US Marine Dropped []RTT News - 8/24/2007 12:36:11 AM An investigating officer on Thursday recommended dismissal of all charges, including murder against a US Marine accused in the shooting deaths of 24 civilians in the Iraqi town of Haditha in 2005, an incident he referred to as a ...
Marine may not be put on trial Los Angeles Times
Haditha Investigator Urges Dropping of Marine's Case Washington Post

 

Report Cites Grave Concerns on Iraq’s Government New York Times
US report cites deep concerns about Iraq's government Los Angeles Times
WORLD REPORT CITES DEEP/GRAVE CONCERNS ABOUT AMERICAN GOVERNMENT

 

NY Army captain accused of taking bribe to steer Iraq contracts
International Herald Tribune - AP NEW YORK: A US Army captain was freed Thursday after his arrest on charges that he promised to help a company secure military contracts in Iraq in return for a $50000 bribe.
US soldier charged with taking bribe in Iraq Reuters
US officer charged with Iraq contracts bribary Khaleej Times

THEN THERE’S ALSO THE 360 TONS OF $100 DOLLAR BILLS FLOWN INTO IRAQ AND DISAPPEARED AND REMAINS UNACCOUNTED FOR (OVER $12 BILLION) ALONG WITH ALL THE OTHER WAR PROFITEERING

 

Dollar May Fall to Record Within Six Months, Goldman Sachs Says

Market rallies on fake government reports and in spite of near unanimous consensus that the worst of housing debacle won’t come until the end of 2008. Don’t forget…..americans lie about every…..they have to…..reality/truth is not kind to the criminal americans. One perennial bull (s**t artist) referred to the reports in an understatement as ‘suspicious’.

 

Financial bankruptcy, the US dollar and the real economy

Top general to urge Iraq troop cut...

Sen. Warner: Bush Should Bring Them Home...

SHOCK VIDEO: Rocker Goes Off On Obama, Hillary And Arnold -- With Machine Guns In hand! **Warning: Contains Graphic Language**

Fossil find pushes human-ape split back millions of years...

Lunsford Killer to Die for His Crime ABC News - A massive three-week search for the third grader ended with the discovery of her body in a hole outside the trailer where Couey lived -- just 150 yards from her own home.
Judge To Sentence Lunsford Killer Today WESH.com
Joun Couey Sentenced to Death    YEAH!!!!!

Police Seize Cameras, Arrest Photographers and Solicit Info on Other Media at Anti-War Protest

The Mother of all 9/11 Truth Hit Pieces: Coming Soon

Final Piece of 9/11-- Tying It Together

Iraq War Vet and Experienced Demolitions Exert Blows the Cover on 9/11 Inside Job

9/11 Truth Takes Over Minneapolis

Interview with Mike Ryan, a Dying 9/11 First Responder

 

Average Incomes Fell for Most in 2000-5
Americans earned a smaller average income in 2005 than in 2000, the fifth consecutive year that they had to make ends meet with less money than at the peak of the last economic expansion, new government data shows.

 

14 US Soldiers Die in Iraq Copter Crash

 

Editorial: Desperate for a legacy other than the fact of  his failed presidency war criminal bush is again Distorting the Truth

 

Bear market Rally based upon nothing at all except for desire for more fraudulent churn and earn computerized trading commission dollars

 

Ad Wars Heat Up Ahead of 'Surge' Propaganda Report...

 

Bush: No pullout from Iraq while I'm president which means war criminal, incompetent (mental illness/infirmity is no stretch for moron dumbya) bush should be removed from office without delay with those who fail so to do complicit with this undeniable policy of failure...

 

POLITICS-US- ONLY A MORON COULD/WOULD TRY TO COMPARE (THE INCOMPARABLE) BUSH SHAM WAR/CRIMES/FRAUD BASED ON LIES: Moron Bush Campaigns to Sustain Military "Surge" IPS - By Jim Lobe WASHINGTON, Aug 22 (IPS) - Opening a new campaign to sustain his "surge" strategy in Iraq, President George W. Bush Wednesday compared Washington's ongoing struggle there to both World War II and the Vietnam War where, he said, ...
Bush invokes 'tragedy of Vietnam' against Iraq pullout CNN International
Bush: there will be no pullout from Iraq while I'm president Guardian Unlimited

 

Oil prices down on fake government inventory report which rallies oil stocks anyway…..riiiiight!

McCain: ‘I Was The Greatest Critic' Of The Iraq War Over The Last Four Years…..Riiiiight, john…..anything you say, you fraud!

U.S. missile shield is provocation: Austrian minister

Seven-year-old Muslim boy stopped in US three times on suspicion of being a terrorist  For seven-year-old Javaid Iqbal, the holiday to Florida was a dream trip to reward him for doing well at school. But he was left in tears after he was stopped repeatedly at airports on suspicion of being a terrorist.

 

American leaders travel to Canada's capital to reveal the Bush administration SPP plot to overthrow democratic governments

 

Congress Approval Rating Matches Historical Low

 

Toll in Iraq Truck Bombings Is Raised to More Than 500

 

Congress Approval Rating Matches Historical Low : 18%...

 

VIDEO: MICHELLE OBAMA TO HILLARY: 'IF YOU CAN'T RUN YOUR OWN HOUSE, YOU CAN'T RUN THE WHITE HOUSE'...

 

Foreclosures Rise Sharply; Up 93% In One Year...

 

Jawboning (bull-s**t and fake gov’t numbers) alone lifts commissioned computer programmed stock trades/prices

Burnt out mental case war criminal bush who should be in prison lashes out at Iraq war critics...

Scores In Congress Protest North American Union Agenda

U.S. media curtail Iraq war coverage: study

 

Second Iraqi Governor Dies in Attack

 

Israel told to ease Palestinian movement (AP)

Israel Kills Six Freedom Fighters

Cheney in 1994: Invading Baghdad Would Create Quagmire; VP Office Refuses Explanation

Some redemptions/negotiable instruments/securities not honored before jawbowning/rate cut to borrow replacement funds should be recognized as the extant problem that still exists, hence nothing changed to warrant the irrational exuberance to ‘pull them back in’ to the enormous fraud

A rush to pull out cash

Economic Collapse As Precursor To Open Plan For Martial Law?

Economic Expert: We Are Already In An Engineered Recession

Stocks down 1 percent as credit fears mount

Heavy losses sweep world markets

The Dow Plunges, FOX Reports Happy Economic News

Editorial: Desperate mafia mobster/son of mob enforcer giuliani plays israeli Card

Countrywide borrows $11.5B from 40 banks

Federal Reserve poised to pump more money into markets

14 US Soldiers Die in Iraq Copter Crash

 

Editorial: Desperate for a legacy other than the fact of  his failed presidency war criminal bush is again Distorting the Truth

 

Ad Wars Heat Up Ahead of 'Surge' Propaganda Report...

 

Bush: No pullout from Iraq while I'm president which means war criminal, incompetent (mental illness/infirmity is no stretch for moron dumbya) bush should be removed from office without delay with those who fail so to do complicit with this undeniable policy of failure...

 

POLITICS-US- ONLY A MORON COULD TRY TO COMPARE BUSH SHAM WAR/CRIMES/FRAUD BASED ON LIES: Moron Bush Campaigns to Sustain Military "Surge" IPS - By Jim Lobe WASHINGTON, Aug 22 (IPS) - Opening a new campaign to sustain his "surge" strategy in Iraq, President George W. Bush Wednesday compared Washington's ongoing struggle there to both World War II and the Vietnam War where, he said, ...
Bush invokes 'tragedy of Vietnam' against Iraq pullout CNN International
Bush: there will be no pullout from Iraq while I'm president Guardian Unlimited

 

Intel report questions Iraq's progress WZZM 

 

Warner Says US Should Start Withdrawing Iraq Force

 

Anger at Bush's Vietnam claim New Zealand Herald 

 

Warner disputes Bush Vietnam-Iraq analogy

 

New intel analysis gives gloomy forecast for Iraq Houston Chronicle

 

Buzz Aldrin: Diapered astronaut should be ‘admired’which is only fair since he and his fellow frauds have been admired for never having really set foot on the moon, with that american flag flapping in the no-breeze vacuum on the moon…..riiiiight!

MURDER/WAR CRIMES ARE US

Investigator Wants Murder Charges Against US Marine Dropped []RTT News - 8/24/2007 12:36:11 AM An investigating officer on Thursday recommended dismissal of all charges, including murder against a US Marine accused in the shooting deaths of 24 civilians in the Iraqi town of Haditha in 2005, an incident he referred to as a ...
Marine may not be put on trial Los Angeles Times
Haditha Investigator Urges Dropping of Marine's Case Washington Post

 

Report Cites Grave Concerns on Iraq’s Government New York Times
US report cites deep concerns about Iraq's government Los Angeles Times
WORLD REPORT CITES DEEP/GRAVE CONCERNS ABOUT AMERICAN GOVERNMENT

 

NY Army captain accused of taking bribe to steer Iraq contracts
International Herald Tribune - AP NEW YORK: A US Army captain was freed Thursday after his arrest on charges that he promised to help a company secure military contracts in Iraq in return for a $50000 bribe.
US soldier charged with taking bribe in Iraq Reuters
US officer charged with Iraq contracts bribary Khaleej Times

THEN THERE’S ALSO THE 360 TONS OF $100 DOLLAR BILLS FLOWN INTO IRAQ AND DISAPPEARED AND REMAINS UNACCOUNTED FOR (OVER $12 BILLION)

Existing Home Sales Fall in 41 States

Editorial: Sheer Savagery WHEN the history of the shambles into which Bush’s ignorant invasion plunged Iraq comes to be written, few atrocities will better illustrate sheer savagery than American atrocities/war crimes and Wednesday’s brutal bombings...

Learn from the fall of Rome, US warned
The US government is on a ‘burning platform' of unsustainable policies and practices with fiscal deficits, chronic healthcare underfunding, immigration and overseas military commitments threatening a crisis if action is not taken soon, the country's top government inspector has warned.

Anglos no longer majority in Denver
Denver's white population has slipped below 50 percent for the first time, making it the largest county in the nation to experience that change in the past year, census figures released today show.

Minorities Now Form Majority in One-Third of Most-Populous Counties
In a further sign of the United States' growing diversity, nonwhites now make up a majority in almost one-third of the most-populous counties in the country and in nearly one in 10 of all 3,100 counties, according to an analysis of census results to be released today.

Whites Now Minority in 1 in 10 Counties
Whites are now in the minority in nearly one in 10 U.S. counties. And that increased diversity, fueled by immigration and higher birth rates among blacks and Hispanics, is straining race relations and sparking a backlash against immigrants in many communities.

 

Roadside bomb attacks in Iraq reach an all-time high

REPORT: The ‘The Next Few Months' On Iraq That Never End

 

After Propagating False Iraq Intel, NYT's Michael Gordon Now Echoing Bush Claims On Iran

Iran backs Iraqi PM; says US troops must withdraw from Iraq

 

DOW CONFRONTS REALITY AND DROPS NEARLY 400...
World stocks slide...
FRENCH BANK FREEZES FUNDS...

 

Minorities Now Form Majority in One-Third of Most-Populous Counties...

Anglos no longer majority in Denver...

AP Trump Entertainment 2Q Loss Widens
Tuesday August 7, 9:08 am ET

Trump Entertainment 2nd-Quarter Loss Widens As Gaming Revenue Declines

ATLANTIC CITY, N.J. (AP) -- Trump Entertainment Resorts Inc. said Tuesday its second-quarter loss widened as gaming revenue fell, partly due to increased regional competition.

The casino operator reported a loss of $13.5 million, or 43 cents per share, versus a loss of $4.9 million, or 16 cents per share, in the prior-year period.

Ron Paul Champions Uncensored, Unmanipulated, Uncontrived News and Information Consistent With First Amendment VIZ.; Internet Freedom

CRUDE TRADERS PUMP OIL TOWARD $100 LEVEL...

More Than 70,000 Bridges Rated Deficient...
Governors Order New Inspections...
Wake-up call...
REPORT: Brooklyn Bridge Fails Most Recent Inspection...

Spend More Money on War Cry the Neo-con/bushie war criminals

Congressman Calls Bush 'A Clown'; 'Can't Stand Him'...Video...

 

$78.76: Oil Hits New Record…lunatic frauds on wall street rally...

 

WAR COULD 'COST $1 TRILLION'...

'Fell 5 to 10 feet and hit head; was ashen and was foaming at mouth'... CHIEF JUSTICE HOSPITALIZED AFTER SEIZURE ...'Fell 5 to 10 feet and hit head; was ashen and was foaming at mouth'... just another rabid criminal american dog! No big deal.

International law breaker israel to Get $30bn US aid (money that u.s. doesn’t really have) cementing america’s global decline even as bankrupt u.s is in drastic need of aid

Martial Law Threat is Real: Lucky that the Military is Breaking Down

Wesley Clark On MSNBC: "Possible" Tillman Death Was Murder

Internet censorship spreading: OSCE study

Dozens of Afghan civilians die in air raids: residents

Gorbachev for joint security system, slams U.S. domination agenda

Putin Youth Are Taught America Is 'Evil'

US Senators back web censorship

Couple Arrested For Flying Upside Down U.S. Flag

Disfavor for Bush Hits Rare Heights

Docs contradict Gonzales sworn testimony.

Docs contradict Gonzales sworn testimony.
The "Gang of Eight", prominent congressional leaders of both parties, were briefed about the President's terrorist surveillance program immediately before it's intended expiration date, documents just exposed reveal.

US Senators back web censorship
US senators issued a bipartisan call for filtering and monitoring technologies on the Internet.

Disfavor for Bush Hits Rare Heights
President Bush is a competitive guy. But this is one contest he would rather lose. With 18 months left in office, he is in the running for most unpopular president in the history of modern polling.

FBI Director Contradicts Attorney General...

Democrats Urge Perjury Probe...

WASHPOST: Bush Most 'Unpopular President' In Modern History?

House Judiciary Committee approves contempt resolution against Bolten and Miers...

The outlaw president outlaws all war protest

 

Cindy Sheehan: We Must Move Beyond Politics as Usual

Gonzales Contradicts Prior Statements, Confirms Existence Of Other Spying Programs

Rove blamed for Attorney firings in Gonzales hearing; Specter raises prospect of impeachment

Bush Approval Rating Tumbles To 25 Percent

Sheehan Wants Impeachment, Pelosi's Job
Anti-war activist Cindy Sheehan on Monday moved another step -- actually several thousand of them -- toward carrying out her promise to run against House Speaker Nancy Pelosi because the California Democrat won't consider impeachment proceedings against President Bush.

Dollar Hits New Lows Vs. Euro, Pound

 

Bush Approval Rating Tumbles To 25 Percent

 

Sheehan Wants Impeachment, Pelosi's Job

Total Hypocrisy Of New Bush Executive Order
The only Americans destabilizing the peace in Iraq are the ones who invaded it

Aldous Huxley Discusses Overpopulation, Humanity's Waning Time in Interview July 21, 2007

Jersey City (of the Pervasively Corrupt State of new jersey Which Spawned Many of the Active Terrorists/cells) Woman Finds Missile Launcher On Lawn

Bill ‘the pervert’ O'Reilly Defends Pedophiles...again Keith Olbermann looks at yet another example of how Bill O'Reilly is literally losing his mind on the air.

Bush's anti-torture Executive Order authorizes torture

Old-line Republican warns 'something's in the works' to trigger a police state
Roberts believes that Cheney and Rove intend to use a renewal of the War on Terror to rally the American people around the Republican Party. "Something's in the works," he said, adding that the Executive Orders need to create a police state are already in place.

Non Executive Entity Cheney To Assert Executive Privilege
Maintains he does not belong to Executive branch but will still abuse it's perks to escape oversight

US House votes for troop pullout
The United States House of Representatives has voted in favour of pulling most combat troops out of Iraq by April next year.

China's trade surplus soars 85.5 percent to record in June

Pentagon: U.S. troops shot 429 Iraqi civilians at checkpoints

L.A. Mayor Antonio (aka 4 time bar exam failure, mecha man tony villar) Villaraigosa Booed at Beckham Event

Rudy's 9/11 Failures of Leadership Exposed by Fire Fighters

Ron Paul: U.S. In "Great Danger" Of Staged Terror

Pro-Immigration Forces Back North American Union

RCMP, U.S. Army block public forum on the Security and Prosperity Partnership

Iraq Fails to Meet Political Goals Set by U.S.

Dollar keeps falling against euro

GOP Sen. Gordon Smith calls war in Iraq 'insane'

Cheney impeachment bill gains yet another co-sponsor
On Tuesday, a northern Virginia Democrat decided to add his support to a growing movement in the House of Representatives to impeach Vice President Dick Cheney.

Sheehan launches Pelosi challenge Sheehan, a Californian, officially announced that she intends to run as an independent against Pelosi in 2008 if the San Francisco congresswoman doesn't move to impeach Bush by July 23, the day she expects to reach Washington.

Firefighters Rip Giuliani, Call Him 'Urban Legend'; DVD Released...

Dollar Falls Further to Euro...

Pound hits new peak...

GOP Senators Call for Iraq Change Now...

Ex-Bush aide, Sara Taylor, former deputy assistant to the president, declines to testify on attorney firings

Bush orders Miers not to testify (AP)

Sheehan launches Pelosi challenge Sheehan, a Californian, officially announced that she intends to run as an independent against Pelosi in 2008 if the San Francisco congresswoman doesn't move to impeach Bush by July 23, the day she expects to reach Washington.

Diana: Fiat Driver 'Shot In The Head'

Six Months Later, Time’s Up For Escalation Proponents

Military Analyst: West Needs More Terror To Save Doomed Foreign Policy

The Live Earth Global Warming Fraud

Top Global Warming Advocate: Jupiter & Saturn Closer To Sun Than Earth

Turkey Masses 140,000 Troops On Iraq Border

Cancer Breakthrough Banned by U.S. Government

http://jonesreport.com        

http://infowars.com

http://prisonplanet.com    

Report: Wars Costing $12 Billion a Month...

Israeli Move to Free Fatah Prisoners Angers Palestinians

Israel kills 11 Palestinians in Gaza raid

 

Third of Europe see US as threat to stability: poll

 

Black US Minister - Death For All SA Whites

Israel told to ease Palestinian movement (AP)

Israel Kills 11 During Gaza Incursion Hisham Abu Taha, Arab News

 

Biden: Bush 'is brain dead'...That is true and especially credible coming from someone personally familiar with same...

 

Another Republican deserts Bush on Iraq...

Iraqi Terror Link a Propaganda Coup

Airports, shopping centres and Wimbledon locked inside 'rings of steel'

Police hunted Glasgow suspect before attack

Terror Suspect Innocent, Says Father

Device similar to pipe bomb explodes at Disney, no injuries

Feds Gear Up For Summer Of All Fearmongering

Suspected al Qaeda suicide bombing kills 9 in Yemen

Controlled Explosion At Glasgow Hospital, Terror Suspect Was Iraqi Doctor

Feds Fear Terror "Spectacular" For Summer

Israeli-style airport checks urged

Travel security raised amid alert

U.S. boosts security amid British copy cat concerns

Two more arrested over 'doctors terror plot'

Car bombings suspect 'on the run'

Breaking: Al-Qaida Again Being Used as “Fall Guys” for Recent UK Terror

Lieberman Uses British Terror Plot To Push For Greater U.S. Domestic Spying

Website That Predicted London Bombs an Intelligence Agency Front

An Islamic website that carried a doomsday message that "London shall be bombed" before the discovery of two crude car bombs in London last week was notorious for having long been infiltrated and controlled by intelligence agencies and spooks who were trying to entrap suspected terrorists.

Iraqi Official: US 'Behind Baghdad Hotel Blast'

The Worst President and Congress in U.S. History
The worst president in U.S. history, George Bush, with a 24 percent approval rating by U.S. citizens along with the worst Congress with an 16 percent approval rating

Report: Pentagon Can't Account For $19 Billion Spent On Iraqi Forces

Iran: US 'biggest sponsor of terrorism'
Iran's defense minister has described the US neocons as the main enemies of democracy who resort to inhumane acts to crush independent nations.

Rules 'hiding' trillions in debt Liability $516,348 per U.S. household
The federal government recorded a $1.3 trillion loss last year — far more than the official $248 billion deficit — when corporate-style accounting standards are used, a USA TODAY analysis shows.

Amnesty: The Plan To Destroy The USA
What is happening to the United States of American under the leadership of the Sellout Senate, the White House and its likely mirror image of support in the Open Border Democratic House of Representatives should spark immediate anger and action from all Americans.

White House: Bush 'Misspoke' on Amnesty

Lying To America

Federal bill would rob poor, benefit corporations

White House prepared to open U.S. air routes to Canada, Mexico

Rell vetoes in-state tuition rates for illegal immigrant kids

Who voted yes and who voted no on the amnesty bill?

Dick Cheney: Laws What Laws I Don't Need No Stinkin' Laws!
Vice President Dick Cheney has indicated in no uncertain terms that he believes the laws of the United States do not apply to him. According to Capitol Hill Blue , Cheney - in direct violation of a Presidential executive order - has refused to turn over documents to the National Archives.

New documents link Kissinger to two 1970s coups
Release of CIA's ‘Family Jewels' provides insight into political juggernaut and Bush Administration adviser

CIA Violated Charter for 25 Years, Wiretapped Journalists and Dissidents

Files on Illegal Spying Show C.I.A. Skeletons From Cold War

New documents link Kissinger to two 1970s coups

Norman Mineta Confirms That Dick Cheney Ordered Stand Down on 9/11

Rove whistleblower's house 'burned down'

UN Report Afghan Opium Production Rises

Sherwood Ross / prisonplanet.com | June 22, 2007
A number of major pharmaceutical corporations and biotech firms are concealing the nature of the biological warfare research work they are doing for the U.S. government.Since their funding comes from the National Institutes of Health, the recipients are obligated under NIH guidelines to make their activities public. Not disclosing their ops raises the suspicion they may be engaged in forbidden kinds of germ warfare research. According to the Sunshine Project, a nonprofit arms control watchdog operating out of Austin, Texas, among corporations holding back information about their activities are: Abbott Laboratories, BASF Plant Science, Bristol-Myers Squibb, DuPont Central Research and Development, Eli Lilly Corp., Embrex, GlaxoSmithKline, Hoffman-LaRoche, Merck & Co., Monsanto, Pfizer Inc., Schering-Plough Research Institute, and Syngenta Corp. of Switzerland. In case you didn't know it, the White House since 9/11 has called for spending $44-billion on biological warfare research, a sum unprecedented in world history, and an obliging Congress has authorized it. Thus, some of the deadliest pathogens known to humankind are being rekindled in hundreds of labs in pharmaceutical houses, university biology departments, and on military bases. An international convention the U.S. signed forbids it to stockpile, manufacture or use biological weapons. But if the U.S. won't say what's going down in those laboratories other countries are going to assume the worst and a biowarfare arms race will be on, if it isn't already…..

Israeli Sends Missiles, Tanks Into Gaza

US 'fomenting discord in Palestine'

Russia says relations with U.S. inspire alarm

US military : 14 troops killed in Iraq

Why The Surge Failed

Israel launches air strikes in Gaza

96 members of Congress paying family members

US destroying Iraq with impunity

Tony the phony-baloney Blair has turned Britain into a land where we are all prisoners

Bonkers Bushie Blair Calls For Chinese Style Net Controls To Curb Free Speech In the UK
Outgoing, Failed, Psychophant, War Criminal/Moron bush devotee British Prime Minister Tony Blair has savaged online media today in a speech in which he declared war on the free press by hinting at new restrictions on internet journalism and suggested that the media should be brought more into line with the government.

Neocon “Scholars” Call for Dismembering Bill of Rights

UN rejects anti-Iran declaration

Alex is again joined by activist Raymond Schwab who reports about recently having his children removed from his custody by CPS for various false accusations stemming from his involvement in the 9/11 Truth and Anti-War Movements.

ElBaradei: Don't confront Iran
UN Nuclear Chief Mohamed ElBaradei has said the 'brewing confrontation' with Iran over its nuclear fuel program 'must be defused'.
Kuwait says US cannot use bases for any Iran strike

World oil supplies are set to run out faster than expected, warn scientists

Iraqis Accuse U.S. Of Bombing Shrine
Both Sunni and Shias Iraqis have accused the U.S. of being behind the bombing the al-Askari shrine in Samarra, one of the holiest Shia religious sites, in order to further incite sectarian violence between the two rival Islamic groups and provide a justification for the American surge.

Pressure mounts for war inquiry
The Government will come under fresh pressure today to order a full inquiry into the Iraq war and the mistakes made since the 2003 invasion.
U.S. Arming Sunni Insurgents in Iraq
With the four-month-old increase in American troops showing only modest success in curbing insurgent attacks, American commanders are turning to another strategy that they acknowledge is fraught with risk: arming Sunni Arab groups.
Blackwater Heavies Sue Families of Slain Employees for $10 Million in Brutal Attempt to Suppress Their Story
The following article is by the lawyers representing the families of four American contractors who worked for Blackwater and were killed in Fallujah. After Blackwater refused to share information about why they were killed, the families were told they would have to sue Blackwater to find out. Now Blackwater is trying to sue them for $10 million to keep them quiet.

Police Run Over Protestors in Boat at G8 Meeting June 8, 2007

AP Poll: Bush Approval Rating At All Time Low

Complicit, Cowardly Corporate Media Hides Bilderberg Number of mainstream U.S. news outlets that reported on Paris Hilton over the past week: 10,000+. Number of mainstream U.S. news outlets that reported on a meeting of nearly 200 of the world's most powerful people this past weekend; Less than a handful.

Recent proposals in the U.S. Congress are taking a huge swipe at freedom in America once again by aiming to impose multiple different forms of crippling taxation and restriction on users of the internet to curb free speech and access to truth.

Soviet-Style Torture Becomes Interrogation for u.s. op’s as even a current West Point General Expresses Disgust and Disbelief that Some West Pointers are Quoting ‘24’ and Sadistic Homo Jack Bauer’s Tactics to Justify Same. Wow! Yo! Dudes! What Would Ike Say? I Say That If Someone Other Than General Eisenhower Had Led the Charge In WWII, God/Fate Would Have Intervened to Assure A Different Outcome.’

The Neocon Threat to American Freedom

Neocon “Scholars” Call for Dismembering Bill of Rights

Daniel Pipes Details Israeli Attack Against Iran Kurt Nimmo June 13, 2007
Earlier this week, warmonger and Israel Firster Joe Lieberman said “I think we’ve got to be prepared to take aggressive military action against the Iranians to stop them from killing Americans in Iraq,” predicating, as neocons are wont, his argument on allegation. Now we have yet another Israel Firster and former United States Institute of Peace—as in war is peace—board member nominee, Daniel Pipes, calling for an attack against Iran…..

Dick the Sick, Dead Man Walking Cheney to West Point Cadets: Constitution, What Constitution? Why has he not been impeached/prosecuted/removed from office?

Think Tank: US Exaggerating Iran Threat For Military Intervention

Iraqis Accuse U.S. Of Bombing Shrine
Both Sunni and Shias Iraqis have accused the U.S. of being behind the bombing the al-Askari shrine in Samarra, one of the holiest Shia religious sites, in order to further incite sectarian violence between the two rival Islamic groups and provide a justification for the American surge.

Ron Paul Adds Voice To Critics Who Say Perry's Bilderberg Visit Criminal Act

Wolfowitz, Kissinger to Attend the Bilderberg Meeting
Dutch TV Coverage Exposes Upcoming Bilderberg Conference
Bilderberg 2007 Photos
World Net Daily: Secretive Bilderberg Meeting Set for Turkey
G8, Bilderberg and the Trilateral Commission

It's coming, and some will survive. The Guess who. These eyes cry every night for you?

FOR IMMEDIATE RELEASE: CONCERNED TEXANS TO PROTEST GOVERNOR RICK PERRY'S TRAITOROUS INVOLVEMENT WITH SECRETIVE BILDERBERG GROUP AND HIS SELLOUT OF TEXAS TO FOREIGN INTERESTS

- FULL VIDEO of GOP Debate Arrest that Made National News -

CALL TO ACTION: Protest Gov. Rick Perry's Involvement with Bilderberg, TTC and the Takeover of Texas
June 7 Demonstration at Governor's Mansion-- 11th & Lavaca in Austin, Texas

REPORTER ARRESTED ON ORDERS OF GIULIANI PRESS SECRETARY AT GOP DEBATE IN NH

Editorial: Desperate mafia mobster/son of mob enforcer giuliani plays israeli Card

Naive To Believe Ed Brown Events Were Not Preparation For Future Siege
New Hampshire police erected a mile around seclusion zone, set up armed roadblocks, closed airspace, cut the Brown's power and phone lines before descending with a heavily armed SWAT team and APC vehicles, yet we are expected to believe that they had no intention of carrying out a siege - to believe such nonsense displays a dangerous naivety that may come back to haunt us.

Theft of Elaine Brown's Business Place Underway

Ed Brown: Incident Was "Test" To See What Response Would Be

Lawman: Brown Siege May Be Psy Op

Raw Story Feature On Prison Planet Coverage Of Ed Brown Siege Incident

Report: Authorities hid faces as they left the scene

Report: An AP photographer who was flying in a plane over Brown's property today was ordered out of the airspace

US Marshalls Serve Warrant to Seize Brown's Dental Office

AUDIO: 9:08 a.m. Associated Press interview today with Ed Brown

Report: Authorities serving warrant, don't intend confrontation

FLASHBACK: Marshal: No plans for armed standoff

Yahoo Video On Ed Brown Situation

Police assemble by Browns' home

VIDEO news report from the scene

SWAT teams, armored vehicle seen near Brown compound

11-Year-Old Arrested For Using Rubber Band Gun

Welcome to the Police State
Documents with video footage the rise of the police state in America and the plan to bring in martial law under FEMA and a one world federal government.

Yearning For Terror Is a GOP Strategy

CIA running black propaganda operation against Iran, Syria and Lebanon, officials say

Iraqis Accuse U.S. Of Bombing Shrine
Both Sunni and Shias Iraqis have accused the U.S. of being behind the bombing the al-Askari shrine in Samarra, one of the holiest Shia religious sites, in order to further incite sectarian violence between the two rival Islamic groups and provide a justification for the American surge.

U.S. official Samarra attack may have been inside job
CNN Downplays Second-False Flag Bombing of Golden Mosque in Follow-up Story-- the Update Obscures the Previous 'Inside Job' Report by Replacing the Link & Killing the Story

Iraq surge a failure, top Democrats tell Bush
Top US congressional Democrats bluntly told President George W. Bush Wednesday that his Iraq troop "surge" policy was a failure.

US economy overtaken by EU, Japan
The Organization for Economic Development has said that economic growth in other rich countries has overtaken the United States this year.

Gop Head: We Need More 'attacks On American Soil'

Criminal Indictments Sought Against Police, Giuliani Staffers Who Had Reporter Arrested For Asking Question

Editorial: Desperate mafia mobster/son of mob enforcer giuliani plays israeli Card

MSNBC Poll: Over 400,000 (88%) Say Bush Should Be Impeached May 22, 2007

Iran says U.S. aims to "lift spirits" with war games

Before War, CIA Warned of Negative Outcomes
The CIA completed a classified, six-page intelligence analysis that described the worst scenarios that could arise after a U.S.-led removal of Saddam Hussein: anarchy and territorial breakup in Iraq, a surge of global terrorism, and a deepening of Islamic antipathy toward the United States.

Paul: Middle East involvement 'had to do with oil'

Why did Israel attack USS Liberty?
For former US seaman Gary Brummett, the 40th anniversary of the 1967 Middle East war has stirred painful memories. As a 21-year-old third class petty officer, Mr Brummett was serving on board the USS Liberty off the coast of Egypt on 8 June, when, without warning, the vessel came under fire, first from fighter planes, then torpedo boats. The attack, which lasted at least 40 minutes, resulted in the deaths of 34 of Mr Brummett's fellow crewmen, at least 170 injured and catastrophic damage to the ship. Alarmingly, the assault had been carried out not by enemy forces, but by the US' closest regional ally, Israel. Israel insists it mistook the Liberty for a hostile Egyptian ship, the El Quseir, and numerous US and Israeli inquiries have concluded the attack was accidental. But for Mr Brummett and a growing number of experts, the authorities are guilty of a cover-up. ‘I have more trouble with it today than when it happened because I know more of the facts about what was going on,’ said Mr Brummett. There's been an egregious wrong done here, there's been an extreme number of lies told to the American people and the American people do not know the truth about what happened. 'Sitting duck' The attack on the Liberty - the gravest incident in the history of US-Israeli relations - has been a source of controversy for the past four decades. Claim and counter-claim as to what happened have been fought out in every corner of the media, with the advent of the internet helping to reinvigorate the debate. Israel's supporters say the incident is merely being used as a tool by critics to malign the Jewish state, while accusers say the attack was a war crime which has never come to light. According to Israel, the incident was a tragic case of friendly fire occurring in the fog of war. It says it believed the ship had been bombarding Israeli forces fighting in the Sinai, and that its pilots did not see any US flags (survivors say there were three) on the vessel before they opened fire. Sceptics however claim the attack was premeditated and that the truth has been suppressed. The assertion of a cover-up was lent weight by a 2003 independent commission of inquiry which reported that the attack on the Liberty remains the only serious naval incident that has never been thoroughly investigated by Congress. Among the most popular theories as to why Israel would take such drastic action against its superpower ally is that the Liberty, a $40m state-of-the-art surveillance ship, was eavesdropping on an Israeli massacre of Egyptian prisoners of war. Israel strongly denies its troops executed Egyptian POWs, saying those who died in an incident at that time were 250 armed Palestinian fighters killed in action. Another is that the ship had learnt of secret Israeli plans to invade Syria's Golan Heights two days later and had to be destroyed. …..

Israel Urges Condemnation of Priest, on top of calls for nations to attack Iran. How about the bottom line final and just solution of eliminating international war criminal nation Israel. Rev. Tadeusz Rydzyk  should be praised as truthsayer in times of great lies. The Rev. Tadeusz Rydzyk, who runs a conservative media empire that includes the Catholic station Radio Maryja, was on tape telling the truth that Jews are greedy and Polish President Lech Kaczynski is subservient to Jewish lobbies.

Bush scuttled Iran's initial efforts to bring peace to Iraq
US Push In Iraq Fails To Secure Baghdad

Chinese media blast Pentagon Since Everyone Outside the Propagandized u.s. Knows that Criminal america Spends More on Military Than All the Nations of the World Combined : that’s it

CBS Poll: 76% Say War's Going Badly

Suicide bomber kills 20 in Iraq, 7 U.S. soldiers die

CBS: Bush created 'safe haven' for terrorism with Iraq invasion

Meet Bush's World Bank Nominee - PNAC Member, Bilderberg Attendee, CFR Member, Trilateral Commission Member, NAFTA Architect and Enron Advisor- How can the other Nations defer to war criminal and moron bush? Especially after wolfowitz, Iraq war crimes, etc.!

THEY are plotting again. Some will survive. The Guess Who: These Eyes Cry Every Night For You.

Six more U.S. soldiers killed in Iraq 5-25-07

International law breaker israel to Get $30bn US aid (money that u.s. doesn’t really have) cementing america’s global decline even as bankrupt u.s is in drastic need of aid

Soldiers to Lieberman: "When are we going to get out of here?"

Putin issues sharp warning to US, and draws cheers from the free world/civilized as he vows to counter criminal american 'imperialism'

Russia says US restarting arms race

Russia Calls for Arms Control Conference

FBI: Murders, robberies in.u.s. (terrorism of the home grown variety-typically meaningfully lawless criminal american style) on the rise

Spain slams intimidation against Iran

VIDEO: Bird Poops On President Bush During Presser...

Bush Pens Dictatorship Directive, Few Notice

Police State: A chilling glimpse of ‘stop and search' Britain
‘I took a picture of Tower Bridge and was arrested for terrorism'

Perle Turns on Bush in Harsh Terms NICHOLAS WOPSHOTT NY Sun May 16, 2007 Just  like a jew. This corrupt, criminal, neo-con jew and co-architect of  the debacle in Iraq tries to foist blame and responsibility for a failed, misguided policy ab initio, with dumbya bush the manipulated dupe and war criminal.

Bilderberg 2007: Agenda and Participant List

Activists Go Face To Face With Evil As Rockefeller Confronted
As part of a blitz of recent activism in which Al Gore, Rudy Giuliani and the CFR were all confronted, Infowars reporter Luke Rudkowski and the rest of the We Are Change crew went face to face with evil when they paid a visit to arch-elitist David Rockefeller at his own home in New York.

Israeli strikes kill 10, Palestinians say

Ron Paul Exposes New World Order & Bush Snr.
Presidential candidate Ron Paul (R-TX) was asked a question about the New World Order's agenda for a one-world government during a campaign stop in Austin, Texas on Saturday, amidst tremendous turnout and support.

Man Dead After Yet Another Of Many Dog Maulings At Actor's Home...

Bush presidency worst in history, says Carter

International law breaker israel to Get $30bn US aid (money that u.s. doesn’t really have) cementing america’s global decline even as bankrupt u.s is in drastic need of aid

Giuliani's 9/11 Stories Contradicted By His Emergency Management Chief

Giuliani Admits He's A Crook!

Editorial: Desperate mafia mobster/son of mob enforcer giuliani plays israeli Card

Poll: 80% Believe Kennedy Conspiracy

Gorbachev slams US missile shield

The Secret US Plot to Kill Sadr
The US Army tried to kill or capture Muqtada al-Sadr, the widely revered Shia cleric, after luring him to peace negotiations at a house in the holy city of Najaf, which it then attacked, according to a senior Iraqi government official.

Blix: Iran entitled to enrich uranium

Govt has 'bungled' its Iraq war involvement: Kelly

Video: Professor Steven Jones: Fresh Evidence Proves Controlled Demolition

Insurance firms settle World Trade Center dispute with developer (AFP)

Documenting Rudy Giuliani's Lies

Reagan Said Rudy Was 'Crazy'

MSNBC Poll: Over 400,000 (88%) Say Bush Should Be Impeached

Ron Paul Fears Controlling Cabal Will Use Staged Terror Attacks

Greenspan fears China market fall
Chinese shares have fallen after former US Federal Reserve head Alan Greenspan said its stock market was overvalued and due for a "dramatic contraction".

Existing Home Sales Down in April

CBS Poll: 76% Say War's Going Badly  CBS | May 24, 2007

NEW YORK, As President Bush and Congress hammer out an Iraq war funding bill, a CBS News /New York Times poll shows the number of Americans who say the war is going badly has reached a new high, rising 10 percent this month to 76 percent.

Nearly half of all Americans (47 percent) say the war is going very badly, while just 20 percent say the recent U.S. troop increase is making a positive difference.

Even a majority of Republicans, 52 percent, now say the war is going at least somewhat badly – a 16-point increase from the middle of April. Nine in 10 Democrats and eight in 10 Independents agree.

World Exclusive: First Definitive Conclusions of Bilderberg 2007
Well, we have our first conclusions of Bilderberg 2007. The US delegation is standing unanimously behind Robert Zoellick´s candidacy as the next President of the World Bank.

War Is a Government Program

How Can Bush Bring Freedom to Iraq When He Brings Tyranny to America?

9/11: an 'inside job'

CIA 'Disappeared' Seven-Year-Old Children June 8, 2007
Children as young as seven years old were 'forcibly disappeared' by the CIA, according to report published today jointly by six human rights groups naming 39 people who are believed to have been held in secret US custody and whose current whereabouts remain unknown. The list-drafted by Amnesty International, Cageprisoners, the Center for Constitutional Rights (CCR), the Center for Human Rights and Global Justice at New York University School of Law, Human Rights Watch, and Reprieve-draws together information from government and media sources, as well as from interviews with former prisoners and other witnesses. The 21-page briefing paper, Off the Record: U.S. Responsibility for Enforced Disappearances in the "War on Terror," includes detailed information about four people named as "disappeared" prisoners for the first time. The full list of people includes nationals from countries including Egypt, Kenya, Libya, Morocco, Pakistan, and Spain. They are believed to have been arrested in countries including Iran, Iraq, Pakistan, Somalia, and Sudan, and transferred to secret US detention centers.

George W. Bush Is GOP's Bill Clinton

Rolling Stone: Giuliani Worse Than Bush

Britons Blast Blair, Bush for Iraq War

4 more soldiers with ties to state are killed in Iraq Seattle Times 

Army base wants to honour dead in batches Sydney Morning Herald - FORT LEWIS: Twenty soldiers sent to Iraq from the Fort Lewis army base in Washington state were killed in May, a monthly high. That month, the base said it would change how it honoured its dead: instead of units holding services as casualties occurred, ...
Ft. Lewis general to decide today on limiting number of funerals San Jose Mercury News
Fort Lewis won't switch to monthly memorials Seattle Times

Violent Crime Up For Second Year

Putin: Missile shield ups chance of atomic conflict...

US tank kills 3 Iraqi children

Why the US Government Is Hated All Over the World

http://jonesreport.com        

http://infowars.com

http://prisonplanet.com    

Edwards Calls Coulter 'She-Devil'…how about ‘he devil’.

Stocks Continue Slide...

Oil Nears All-Time High Over $77...

HISTORIC: Drop Foreseen in Median Price of Homes...

Flips, scams blamed in California housing decline...

**SHOCK VIDEO** (Warning - Graphic)
4 DEAD: TV Helicopters Collide Over Phoenix...

Chauffeur: Spector Said, "I Think I Killed Somebody’. ‘Spector had the gun in his blood covered hand and I was afraid."

Woman Says Phil Spector Turned 'Demonic'...

Coroner on spector’s murder of Lana Clarkson: Definitely a Homocide. SHE HAD BRUISING INSIDE HER MOUTH, HAD HER POCKETBOOK STRAPPED TO her SHOULDER (LEAVING WEIRD PHIL’S HOUSE OVER HIS OBJECTION), AND HE HAD BLOOD INSIDE HIS POCKET (FROM THE GUN, POST-MURDER).

Corrupt criminal jews stick together as kaplan refuses to testify to previous sworn testimony she gave to grand jury regarding evidence tampering at the crime scene by defense expert liar-for-money lee

Judging by the blood spatter on Phil Spector's jacket, a criminalist testified Thursday that the famed music producer had his arms raised and was standing just two or three feet away from Lana Clarkson when the actress was shot Feb. 3, 2003.Spector's defense team will likely take issue with that conclusion. It has already asserted that, based on the lack of blood on his jacket, he was at least six feet away when Clarkson was killed by a gunshot wound through her mouth. Clarkson shot herself, the defense says.Los Angeles Sheriff's Department forensics expert Lynne Herold, the prosecution's 34th and final witness, said that, magnified 60 times under a microscope, the "mistlike" bloodstains on Spector's jacket showed that "piece of fabric was within two to three feet of the bloodletting event.""High-velocity backspatter" left spots on the front, back and left sleeve cuff of the white jacket, Herold testified, adding that it was on Clarkson's right side when the gunshot was fired and "was forward-facing and the arms had to be raised so the spatter could get on the back."Herold also pointed to bloodstains in the pocket of Spector's pants and on a piece of cloth diaper found in a bathroom near the foyer of his Alhambra mansion, where Clarkson died. "Something bloody came in contact with the inside of the left pants pocket," Herold said, suggesting the stain could have been made by placing the bloody gun in the pocket and then taking it out."There is smeared blood," she testified, referring to pictures of the Colt Cobra .38-caliber revolver that has been identified as the weapon that killed Clarkson. "It indicates to me there was some movement. There are places on the gun that would show some of the blood was moved or removed."Clarkson's blood was found in the tiny recesses of the gun's wooden grip, on parts of the sight at the end of the two-inch barrel and on the cartridge cylinder, but not on any of the weapon's raised surfaces, Herold said. "Could that be a product of someone wiping the gun off?" Deputy District Attorney Alan Jackson asked."That is one possible mechanism," she replied. After the shot was fired, Clarkson "was immediately incapacitated," Jackson said to Herold. "She didn't make this pattern, correct?”"Correct," Herold agreed. She later described seeing a pattern on the gun similar to the type of marks left after a moist cloth is wiped over a stainless steel surface. Other criminalists previously testified that no latent fingerprints were found on the gun, a not abnormal occurrence and not necessarily the result of someone wiping the weapon off. But it was said that Spector's DNA, although not found on the weapon, could have been covered up by the bloodstains. Herold testified yesterday that Spector may have tampered with the alleged crime scene before police arrived—about 45 minutes later, according to the prosecution.Clarkson was found slumped in a chair in Spector's foyer, her head turned toward her right side. Herold said that it looked as if someone, possibly Spector, had moved Clarkson's head to the left at some point. Also, she said, it looked as if her face had been wiped with a towel.Herold said that she was unable to determine the position of Clarkson's hands at the time the gun was fired, however. Just as the county coroner who ruled that Clarkson's death was a homicide had studied a textbook penned by one of the defense's experts, Herold admitted under cross-examination Thursday afternoon that she had taken an advanced course in bloodstain pattern analysis taught by two experts who will be testifying for the defense in the coming weeks.She did not consult with her former instructors when making her conclusions, Herold said. Defense attorney Linda Kenney Baden attacked Herold's credibility, saying that her knowledge of blood patterns wasn't extensive enough to form a reasonable opinion.To which Herold rolled her eyes and said that she had personally studied about 100 bloodstain pattern cases over the past 20 years of her career.The criminalist died say that large blood droplets can travel longer distances than smaller ones, but repeated that the micro-millimeter-sized drops found on Spector's jacket had traveled no more than two feet.

Witness: Spector Said All Women Deserve a Bullet

Israeli strikes kill 10, Palestinians say

Twelve die in Israel raids on Gaza (AFP) 6-28-07

Mideast Peace: Time Is Running Out Fast

Israeli missile strikes near Palestinian PM's home 

Haniyeh Could Be on Israeli Hit List Hisham Abu Taha & Mohammed Mar’i, Arab News GAZA CITY/RAMALLAH, 21 May 2007 — Israeli forces killed at least four Palestinians yesterday and an israeli minister warned that even Palestinian Prime Minister Ismail Haniyeh could be targeted by the Christ-killing war criminal Israelis.

Israeli Tanks Cross Into Gaza Strip, at least 40 civilians were wounded in the Gaza Strip
If u.s. Is to Have even a Semblance of Success in Its Iraqi Mission, the american administration which has been stubbornly refusing to admit its dismal failure to achieve anything in Iraq, must admit the reality of same in Iraq.

Israel Kills Five More Palestinians

Israel Shuns Peace for Short-Term Gains

International law breaker israel to Get $30bn US aid (money that u.s. doesn’t really have) cementing america’s global decline even as bankrupt u.s is in drastic need of aid

 

Editorial: A Lost Opportunity The decision by Democratic congressional leaders to abandon their demand that Bush set a date for the withdrawal from Iraq is a grave error…..

EU Accused of Not Doing Enough for Peace in ME

We Don’t Need Foreign Groups to Come and Teach Us Human Rights, Especially the nation With the Highest Crime Rate in the World by a Substantial Amount, the Corrupt, Meaningfully Lawless Criminal nation, america ’

 

International Law Violator/Criminal nation/Provocator israel Bans Muslim Burials Next to the Al-Aqsa Mosque

Israeli High Court Permits Torture of Palestinians

Israeli Airstrike Kills Two in Gaza

Israeli Tanks Roll Into South Gaza

 

Editorial: War Criminal dumbya bush Shows No Logic 14 July 2007

Judges Throw Out Charges Against Two Gitmo Detainees
Editorial: Media Circus

Worsening Morale at State Department Blamed on Rice

Palestine and West: A Travesty of Justice

The Emptiness of the US Rhetoric of Success

US Soldier Is Guilty in Rape-Murder of Young Iraqi Girl

The Brutal Fatwas in Israel Fahmi Howaidi, Arab News While people in Muslim countries have been preoccupied with fatwas (religious rulings) concerning breast-feeding adults, the purity of the Prophet’s urine, and the legality of the recent different types of marriages such as Misyar and Mesfar, perhaps it would be appropriate to take a look at fatwas in Israel. It might give us a chance to compare the two, evaluating the circumstances on both sides.It is worthy of further consideration to consider the Israeli fatwas that my Palestinian colleague Salih Al-Tuhami observed. Conservative Jewish thought and tradition say that in case the country’s laws contradict the rabbi’s fatwas, the fatwa must be implemented and anything the government says is worthless. That’s the opinion of Rabbi Elie — who is one of Israel’s senior rabbis — who is supported by the majority of his peers.These Jewish fatwas are responsible for instigating religious Jews against Arabs. Last year, Rabbi Mordechai Eliyahu, former Sephardic chief rabbi and an influential authority among conservative Jews, issued a fatwa asking the Israeli Army not to flinch from killing Palestinian civilians in the context of the ongoing military campaign against armed groups resisting the occupation. He mentioned in his fatwa, which received special attention from religious media outlets and hundreds of pamphlets distributed inside synagogues in Israel. that all Palestinians must be murdered, even the ones who are not participating in the war against terrorism. This wasn’t enough for the revered rabbi, who said that this was not only a fatwa, but a religious duty from God that Jews must follow.After that, one of the most important Jewish rabbis issued a fatwa that allowed his students in one of the Jewish settlements in the northern West Bank to steal the agricultural produce grown by Palestinians. It said that everything in the West Bank belongs to the Jews, giving them the right to confiscate such properties. This fatwa was implemented and his students confiscated the agricultural yield of the Palestinians.Rabbi Dov Lior, chief rabbi of Hebron and Kiryat-Arba, did the same when he issued a fatwa that allowed Jewish settlers to poison the livestock and water wells owned by Palestinians in neighboring cities and villages. The settlers didn’t hesitate in implementing the fatwa. Not a single day passed without Palestinians finding dead sheep and poisoned water.On the other hand, a group of prominent Jewish rabbis addressed the Israeli defense minister, Shaul Mofaz, saying that killing enemy civilians was “normal” during wartime and that the Israeli Army should never hesitate to kill non-Jewish civilians in order to save Jewish lives. “There is no war in the world in which it is possible to delineate neatly between the population and the enemy’s army, neither in the US war in Iraq, the Russian war in Chechnya, nor in Israel’s war with its enemies,” the rabbis said.The rabbis quoted a Talmudic ruling, which states “Our lives come first.” In their famous letter, the rabbis warned against what they called Christian preaching in dealing with conflict. “The Christian preaching of ‘turning the other cheek’ doesn’t concern us, and we will not be impressed by those who prefer the lives of our enemies to our lives,” they said.These tense times have influenced a number of other fatwas from rabbis about underestimating the lives of Arabs and humiliating them. Yediot Ahronot newspaper reported on July 25, 2002 that Rabbi Ovadia Yosef, the current spiritual leader of the Shas political party in the Knesset (Israel’s Parliament), said that until Christ the Savior arrives, he will send all Arabs to hellfire. “Why doesn’t Ariel Sharon do what needs to be done? He’s scared of the people of the world. But when the Savior Christ comes, he won’t fear anyone. He will send all the Arabs to hell.” Yosef described Arabs as snakes and said Jews should not trust them.It’s no wonder that one of the rabbis — Isaac Ginzburg — published a book entitled “Baruch the Hero” to immortalize the name of Dr. Baruch Goldstein who perpetrated the 1994 Cave of the Patriarchs massacre in the city of Hebron, killing 29 Arab attendants of the Ibrahimi Mosque (within the Cave of the Patriarchs) and wounding another 150 in a shooting attack. As for Rabbi Eli Albaz, who is one of the distinctive Eastern rabbis, he never misses an opportunity to attack Islam and condemn the Prophet (pbuh). He insists on complaining in front of his audience by telling jokes that address Muslims and Palestinians and using filthy language to attack Muslims. And Rabbi Eliyahu Reskin continuously ridicules the reconciliation attempts to create dialogue between Jewish rabbis and Arab officials. He believes that the only language of dialogue between Muslims and Jews should be bullets. He feels that without convincing the Arabs in general, and the Palestinians specifically, settlement can’t be forced upon Israel so the efforts of peace are worthless.It’s true that from a legal perspective, the rabbis’ fatwas concerning political issues don’t exert much influence. But their words, that come from their religious backgrounds, have a huge impact especially with the increasing dominance of religious parties that have developed tremendous political power that cannot be underestimated. Therefore, their fatwas influence more than religious people and are used to pressure political decisions. It’s true that conservatives, whether the followers of Zionism or from the ultra-Orthodox movement, make up 28 percent of the Israeli population, yet more than 50 percent of the inhabitants of the country introduce themselves as conservatives. These people empathize greatly with Jewish religious authorities and pay attention to what they say.What’s interesting is that all the laws and systems in Israel have never tried, not even once, to address those rabbis or question them about their racial discrimination. Not only that, but these rabbis, who are involved in this discrimination, are given great prominence in Israeli politics. Decision makers in Israel compete with each other to earn the endorsement of rabbis, and to be close to them.When one examines these fatwas and their influence in instigating and serving the Zionist schemes and its evil goals, one can’t help but feel sad and bitter when compared with the fatwas that are preoccupying Muslim scholars. The latter provoke gossip among people and divert their attention from what’s vital and fateful, making them regress instead of moving forward.

I pray to God to enlighten our scholars and guide them.

8 Palestinian Freedom Fighters Die in Clashes Resisting International Criminal nation israel

Will Gordon Brown Make a Difference? Britain’s new government kicks in tomorrow. For many Britons, sick of a decade of spin, it’s a relief to see a different face at the helm even if that face belongs to the bloke next door

Iraq: Dire Situation, Grim, Uncertain Future

Guantanamo Is Among America’s Ever Growing List of Great Shames. e

How Summits Fail to Treat the Root Cause of Mideast Confrontation

Lessons From Gaza Turmoil, much of it was manufactured at the behest of US-Israeli intelligence…..

International criminal israeli Troops Raid Nablus RAMALLAH, West Bank, 29 June 2007 — In the largest Israeli military operation in the West Bank in months, Israeli troops yesterday opened fire at random, conducted house-to-house searches and killed innocent civilians.

Israeli Strike Kills civilians r GAZA CITY, 1 July 2007 — Two civilians were among six Palestinians killed in two Israeli airstrikes in Gaza yesterday…..

Israel Can’t Afford to Confront Iran: Deputy Minister

Israeli Employers Abuse Palestinian Workers

Haniyeh Calls for Protests Over No Gaza Wages

http://www.arabnews.com

Israel Kills 6 Palestinians 8-14-07 Hisham Abu Taha, Arab News

Palestinians: 4 Die in Israeli Strikes

Israeli airstrikes kill 10 in Gaza

Israel sends air strikes into Gaza Strip; 9 dead San Francisco Chronicle

Israel president to quit in plea bargain 

Coverup theory alive at USS Liberty reunion

International law breaker israel to Get $30bn US aid (money that u.s. doesn’t really have) cementing america’s global decline even as defacto bankrupt u.s is in drastic need of aid

DePaul denies tenure to Finkelstein Jerusalem Post - By JTA DePaul University denied tenure to Norman Finkelstein, a professor who raised hackles for saying that Jewish groups have exploited the Holocaust.

US senator, a shill for war criminal nation israel and aipac, says military action in Iran which helps only international law violator israel possible Reuters AlertNet

Iraq: 2 U.S. Troops Charged With Murder

18 Palestinians killed, rights advocates' silence lambasted
Voicing Iran's sympathy with the families of the killed Palestinians, Haddad-Adel said watching the heart-rending scenes of mothers crying and children mourning death of their loved ones after the Israeli attacks would cause terrible pain to everyone. Palestine-Iran-UN, Politics, 5/21/2007

Al-Barghouthi: Israel perpetrates war crimes in Gaza Strip
He stressed that this Israeli crime is not only an attack on the PLC member, who played an important role in stopping internal fighting and access to national unity, but at the same can be noted that Israel has given itself the right to kill, destroy and target everything that is Palestinian, whether a child or a woman or an elderly Palestine-Israel, Politics, 5/21/2007

Israeli forces loot 4 TV stations in Nablus
The Israeli occupation forces looted today broadcasters and technical equipment from four local TV stations in the West Bank city of Nablus, security and local sources said. Palestine-Israel, Politics, 5/21/2007

Israeli strikes kill 13 in Gaza; Hamas official calls for revenge - LA Times Palestine-Israel, Politics, 5/21/2007

War-torn Iraq 'facing collapse' - BBC Iraq, Politics, 5/21/2007
UK architects: Israeli architects accomplice in Palestinian repression
They have joined in signing a petition, organized by Architects and Planners for Justice in Palestine, which seeks international support for an ethical and just practice for the design professions in the occupied territories.
Palestine-Israel-UK, Politics, 5/28/2007

Israelis kidnapping Hamas officials as hostages, says UK MP
"This is not the first time Israel has taken such measures. They abducted many elected Palestinian representatives last year and many of them remain in prison," Richard Burden said.
Palestine-Israel-UK, Politics, 5/28/2007

Iran denounces Zionists' invasion on defenseless Palestinians
He said, "Such loathsome behavior is repeated so often by the usurper Zionist regime that no one has any doubt about its terrorist nature, being founded on threats, terrorism, and occupation."
Palestine-Iran, Politics, 5/28/2007

Israel's plan for 20,000 housing units in Al-Quds condemned
Egypt's Shura Council on Sunday said Israel's announcement to build some 20,000 housing units in occupied east Jerusalem was an obstruction to peace efforts.
Egypt-Israel, Politics, 5/28/2007

Mrs Mubarak calls for releasing Palestinian prisoner women at Israeli jails
Egypt's First Lady Suzanne Mubarak called for communicating with the international community for releasing the Palestinian prisoner women at Israeli jails
Egypt-Palestine, Politics, 5/28/2007

Poverty worsen dramatically for Israeli occupied Palestinians and Syrians
International Labor Office (ILO) said that the number of households below the poverty line jumped by 26 per cent between March 2006 and March 2007, while per capita gross domestic product (GDP) in the occupied Palestinian and Arab territories was 40 per cent lower in 2006 than in 1999.
Regional-Israel, Politics, 5/28/2007
South Africans ends week of action against Israeli occupation
On Saturday, 9 June, about 20,000 South Africans around the country participated in a number of activities, united in a single call: "Free Palestine ! End Israeli occupation," the End the Occupation Campaign said. Palestine-Israel-South Africa, Politics, 6/12/2007
Kuwait: None allowed to use our territory to attack Iran
Kuwait's First Deputy Prime Minister and Minister of Defense and Interior Sheikh Jaber al-Mubarak al-Sabah said yesterday that Kuwait never lets anyone use its territory to launch military strike on others. Kuwait-Iran, Politics, 6/12/2007
Iran ready to pay price to safeguard nuclear rights: MP
Iran's Head of National Security and Foreign Policy Commission of the Majlis Alaeddin Boroujerdi said today that the Iran is ready to pay the price for safeguarding its nuclear rights.
Iran-UN, Politics, 6/12/2007
Rafsanjani, Iraqi official discuss interests, new agreements
Iraq's deputy PM said, "Iran-Iraq interests have strong ties, adding Iran's help and support for the Iraqi people in hard times will never be forgotten."
Iraq-Iran, Politics, 6/12/2007
Iran denounces US Nicholas Burns for allegations over bombing
Iran yesterday lodged protest with the Switzerland Embassy, which looks after the US interest section, against Under-Secretary of State for Political Affairs Nicholas Burns for "fabricating anti-Iran allegations."
Iran-USA, Politics, 6/12/2007
Iran demands contact with five US kidnapped diplomats in Iraq
Iran yesterday demanded consular contact with five diplomats US forces kidnapped in Iraq.
Iraq-Iran-USA, Politics, 6/12/2007
Israeli occupation arrests 10 Palestinians in West Bank
Israeli occupation forces arrested Monday morning ten Palesintians in the West Bank(WB) cities of Nablus and Hebron, security sources said. Palestine-Israel, Military, 6/12/2007
Discontent Over Iraq Increasing, Poll Finds: Americans Also Unhappy With Congress - Washington Post Iraq-USA, Politics, 6/12/2007

Darfur Women Describe Gang-Rape Horror - Washington Post
Sudan, Politics, 5/28/2007

Arabs make plans for nuclear power - LA Times
Regional, Politics, 5/28/2007

Poll Shows View of Iraq War Is Most Negative Since Start - NY Times
Iraq-USA, Politics, 5/28/2007

Top Iraqi Officials Growing Restless: Vice President Has Tried to Quit; Shiite Leaders in Disarray - Washington Post Iraq, Politics, 6/25/2007

Egypt nuclear engineer convicted of spying for Israel - Washington Post
Egypt-Israel, Politics, 6/25/2007

Hamas: Palestinian groups proud of ties with Iran, meet in Syria Prime Minister of the Palestinian unity government Ismail Haniyeh had said Sunday that Palestinians were proud of relations with Islamic states, Iran in particular.Palestine-Iran, Politics, 6/25/2007

Blair is part of Mideast problem: European parliament members Angelika Beer said "The European Union as a member of the Middle East Quartet is about to squash the hopes of the people of the Middle East for a peaceful two-state solution. Given his active support of the war on Iraq in breach of international law and his failure to exercise any constraining influence on Israel during its bombing campaign on Lebanon" Palestine-Israel-UK, Politics, 7/2/2007

Iran denies US allegations of military interference in Iraq
Rejecting the allegations of Iran arming Iraqi militia, Mottaki told the Qatar-based satellite networks, "Tehran is worried about the current bloodshed in Iraq.
Iraq-Iran-USA, Politics, 7/2/2007

Iran holds up US talks on Iraq till clarifications are made
Iran's Foreign Ministry spokesman Mohammad-Ali Hosseini said yesterday that the date of the second round of Iran-US talks on Iraq has not been determined yet.
Iraq-Iran-USA, Politics, 7/2/2007

UK Conservatives for inquiry into Iraq war
The call was made by shadow foreign secretary William Hague, claiming the UK has been less willing than the US to evaluate its success and is also yet to explain how troop withdrawal plans will work.
Iraq-UK, Politics, 7/2/2007

Study Traces Cat’s Ancestry to Middle East - NY Times
Regional, Local, 7/2/2007

Israel/Gaza rockets and shelling violate laws of war
"Palestinian rocket attacks on Israeli towns and Israeli artillery strikes near populated areas in northern Gaza have caused hundreds of civilian casualties since September 2005 and constitute serious violations of the laws of war, Human Rights Watch" said in a report released yesterday.
Palestine-Israel, Politics, 7/2/2007

Israeli airstrikes kill 7 in the Gaza Strip - LA Times
Palestine-Israel, Politics, 7/2/2007

Tunisian president backs Iranian nuclear rights
Ben Ali said the Iranian nation is great, and the Muslim world is proud of Iran.
Tunisia-Iran, Politics, 7/16/2007
Bush renews Middle East peace efforts, conference
US President George W. Bush has called for a Middle East peace conference this fall to be led by Secretary of State Condoleezza Rice and include Palestinians, Israelis and regional neighbors who support creation of a Palestinian state.Palestine-Regional-USA, Politics, 7/16/2007
Iran's FM meets Bahrain's crown prince
Sheikh Salman bin Hamad al-Khalifa said, "We consider Iran's power, glory and progress as ours, but some people are trying to affect our friendly relations"
Bahrain-Iran, Politics, 7/16/2007
No halt to Iran's peaceful nuclear activities: Hosseini
He underlined that the IAEA's inspections would be conducted based on IAEA's Safeguard Agreement. Iran is to proceed with its cooperation with IAEA according to international rules and regulations within NPT protocols, he underlined.Iran-UN, Politics, 7/16/2007
Sensitive regional status as Ahmadi-Nejad visits Syria
Head of Syrian Foreign Ministry's Strategic Studies Center said in Syria today that "extremely sensitive" regional status makes Iran's President Ahmadi-Nejad's upcoming visit of Damascus quite necessary.Syria-Iran, Politics, 7/16/2007
Iraqi occupation, part of 'greater Middle East' plan: Iran official
Occupation of Iraq by the United States was part of the so-called "greater Middle East" plan, Iran's Commander of the Islamic Revolution Guards Corps (IRGC) Major General Yahya Rahim-Safavi said on Saturday.Iran-Regional-USA, Politics, 7/16/2007
Iraqi envoy: Maliki's visit to Iran opens new chapter
Iraq's Ambassador to Iran Mohamed Majid Abbas Sheikh said yesterday that the upcoming visit of Iraq's Prime Minister Nuri al-Maliki to Iran would open a new chapter in bilateral ties.
Iraq-Iran, Politics, 7/16/2007
Hosseini rejects US president allegations against Iran
Iran's Foreign Ministry Spokesman Mohammad Ali Hosseini yesterday strongly refuted allegations made by the US president about Iran's alleged interference in Iraq and Lebanon.
Iran-Lebanon-USA, Politics, 7/16/2007
UK urged to redefine objectives in Iraq
Iraq is the most pressing and serious issue facing Britain's new prime minister Gordon Brown, and his government urgently needs to review its policy following four years of disastrous war, according to an independent commission.Iraq-UK, Politics, 7/16/2007
24 Iranian nationals out of Iraqi jail
An Iraqi news agency announced yesterday that 24 Iranian nationals, imprisoned in one of Iraq's jails, were released.
Iraq-Iran, Politics, 7/16/2007
Iran, Saudi Arabia cooperation against drugs in the Gulf
Iran's Secretary General of the Drugs Campaign Headquarters Brigadier General Esmaeel Ahmadi-Moqaddam in Tehran today called for expansion of Iran-Saudi Arabia cooperation to guarantee further security in the Persian Gulf Region.
Saudi Arabia-Iran, Politics, 7/16/2007
Hamas Declares as Illegal Latest Effort at Government - NY Times
Palestine, Politics, 7/16/2007
Deadlocked Sunni, Shiite Factions Block Political Progress, Iraqis Say - Washington Post
Iraq, Politics, 7/16/2007
Iraqi Military's Readiness Slips: Report Says That Since January, Fewer Units Can Operate Independently - Washington Post
Iraq-USA, Politics, 7/16/2007
Sunni Insurgent Leader Paints Iran as 'Real Enemy': U.S. Strategy Described as Only Inflaming Iraqi Resistance - Washington Post
Iraq-Iran, Politics, 7/16/2007
WASHINGTON AT WAR Inside the Iraq Study Group: CIA Said Instability Seemed 'Irreversible' - Washington Post
Iraq-USA, Politics, 7/16/2007
Risky US alliances in Iraq - CS Monitor
Iraq-USA, Politics, 7/16/2007
Iraq ready for pullout, premier says - LA Times
Iraq-USA, Politics, 7/16/2007 
Parts of Iraq Report Are Grim Where Bush Was Upbeat - NY Times
Iraq-USA, Politics, 7/16/2007
Pressure Mounts for Speedy Iraq Results - Washington Post
Iraq-USA, Politics, 7/16/2007
Gaps in Training Iraqi Forces Worry Top U.S. Commanders - NY Times
Iraq-USA, Politics, 7/16/2007
Crushing Iraq's human mosaic - BBC
Iraq, Politics, 7/16/2007
Bush Distorts Qaeda Links, Critics Assert - NY Times
Iraq-USA, Politics, 7/16/2007
$282 Million Stolen in Heist at Private Bank in Baghdad - NY Times
Iraq, Politics, 7/16/2007
More than 80 killed as three bombs explode in Kirkuk - Guardian Unlimited
Iraq, Politics, 7/16/2007
Mahdi Army, Not Al-Qaeda, is Enemy No. 1 in Western Baghdad - Washington Post
Iraq-USA, Politics, 7/16/2007
Bush Leans On Petraeus as War Dissent Deepens: General Set Up as Scapegoat, Some Say - Washington PostIraq-USA, Politics, 7/16/2007 
NY Times reporter killed in Iraq - BBC
Iraq-USA, Politics, 7/16/2007
Ahmadinejad: Israel Is Bearer of Satan...
Bush’s War Policy: Time Will Heal Nothing The news emanating from Washington and Baghdad in recent weeks point to one clear, if not final conclusion, the Bush administration’s adventures in Iraq have been a complete failure. What the...

Vanunu sentenced to new jail term - BBC
Israel, Politics, 7/2/2007

http://www.arabicnews.com

International law breaker israel to Get $30bn US aid (money that u.s. doesn’t really have) cementing america’s global decline even as defacto bankrupt u.s is in drastic need of aid

Calls to free Iranians kidnaped from Lebanon to Israeli jails
The Iranian official news agency IRNA on Saturday expressed outrage at detention of reporter and three Iranian diplomats, accompanying him, for 25 years, in Israeli jails and called for the international organizations to help secure their freedom. Iran-Israel, Politics, 7/9/2007

 

Rafsanjani meets Hamas official: Resistance only way to victory
Emud al-Elmi said, "Hamas does not want to separate Gaza Strip and the West Bank and we want negotiation and understanding based on our past agreements."Palestine-Iran, Politics, 7/9/2007

Iran tries to resolve Middle East crises: FM
Mottaki also noted that respecting national unity and sovereignty as well as legitimate governments is considered a rational solution to get rid of unrest in Iraq, Afghanistan, Lebanon and Palestine. Regional-Iran, Politics, 7/9/2007

 

Iran - US new talks on Iraq; al-Sadr denies visit
Iraqi Foreign Minister Hoshyar Zebari today invited Iranian and the US officials to resume second round of talks on Iraq security. He extended the invitation in a press conference in the aftermath of consular meeting with five Iranian diplomats being kept in Baghdad. Iraq-Iran-USA, Politics, 7/9/2007

US behavior to Iraqi people, unjust: Iranian official
Iran's Chief Judiciary Ayatollah Mahmoud Hashemi Shahroudi on Monday termed as 'unfair' US behavior towards the Iraqi people under pretext of campaign against terrorism. Iraq-Iran-USA, Politics, 7/9/2007

 

Gaza raids kill 11 Palestinians - BBC
Palestine-Israel, Politics, 7/9/2007

Israeli Settlements Found to Grow Past Boundaries - NY Times
Palestine-Israel, Politics, 7/9/2007

 

Iraq Official Warns of Collapse - Washington Post
Iran-USA, Politics, 7/9/2007

 

150 Iraqis feared dead in bombing - LA Times
Iraq, Politics, 7/9/2007

Ahmadi-Nejad's visit to Syria positive results
A Syrian expert on strategic studies Samir al-Taqi said yesterday that Iran's President Mahmoud Ahmadi-Nejad's speech at a joint press conference with Syrian counterpart Bashar al-Assad in Syria on Thursday indicated the power of regional deterrent forces to defuse enemy conspiracies.
Syria-Iran, Politics, 7/23/2007

European Parliament member condemns racist Israeli policies
"So what shall we call the exclusion of Arab citizens of Israel from participation in bids to purchase lands? What can we call it except racist? this bill defined by some Knesset deputies as an 'abominable legislation,' that serves only to institutionalize discrimination towards non-Jews and to legitimate a democracy on an ethnic basis," wrote Morgantini.
Palestine-Israel-European Union, Politics, 7/23/2007
 
Support for Iran's nuclear rights despite sanctions pressure
Iran and the International Atomic Energy Agency will hold second round of talks on Iran's nuclear program tomorrow.
Iran-UN, Politics, 7/23/2007

US - Iran agree to meet over Iraq; differences clear
Iraq's president Jalal Talabani today thanked Iran for caring for Iraq problems and trying to help Iraqi government and nation.
Iraq-Iran-USA, Politics, 7/23/2007

Iran says Israel fabricating stories to cause problems
Iranian president's senior advisor Mojtaba Samareh Hashemi on Sunday lambasted the Israeli regime for fabricating stories against Iran of a deal with Syria not to enter peace with Israel.
Iran-Israel, Politics, 7/23/2007

Bush, Reid Exchange Attacks Over Support For U.S. Troops in Iraq: General Clarifies Statement on Strategy - Washington Post
Iraq-USA, Politics, 7/23/2007
 
Bribery Network to Bloat War Costs Is Alleged - NY Times
Iraq-USA, Politics, 7/23/2007

U.S. Says Insurgent Leader It Couldn’t Find Never Was - NY Times
Iraq, Politics, 7/23/2007

U.S. Blockades Shiite Stronghold - Washington Post
Iraq-USA, Politics, 7/23/2007

Iraqis say civilians killed in airstrike - LA Times
Iraq, Politics, 7/23/2007

Sheehan Wants Impeachment, Pelosi's Job - Washington Post
Iraq-USA, Politics, 7/23/2007

4 soldiers slain battling militants - LA Times
Lebanon, Politics, 7/23/2007

Hezbollah says didn't confirm Israeli captives alive - Washington Post
Lebanon-Israel, Politics, 7/23/2007

Hezbollah: Rockets Can Reach All Israel - Washington Post
Lebanon-Israel, Politics, 7/23/2007

Tower becomes world's tallest - LA Times
United Arab Emirates, Local, 7/23/2007

 

Palestinians Blunt With Blair — We Want State

 

COUNTRYWIDE: Rise in mortgage defaults among most creditworthy borrowers...

California defaults hit 10-year high...

Wisconsin foreclosures up 23%...

$80 BARREL PREDICTION AS OIL SOARS AGAIN...

Analysis: Iraqis Criticize U.S. Focus

SHOCK: Nobel Peace Prize winner: 'Right now, I could kill George Bush'...

Over 200 Iraqis killed in sectarian violence 7-9-07

Ahmadinejad: Israel Is Bearer of Satan...

California cities fill foreclosure list

Over 360 tons of $100 DOLLAR BILLS flown into Iraq on u.s. military transport plane remain missing and unaccounted for and never reached their intended destination/purpose (over $12 billion).

 

USATODAYGALLUP: Bush approval drops to low of 29%; Anti-war views on rise... At Least 3 Killed in Green Zone Barrage

Euro Climbs to New High Against Dollar...

International law breaker israel to Get $30bn US aid (money that u.s. doesn’t really have) cementing america’s global decline even as defacto bankrupt u.s is in drastic need of aid

 

Bush Approval Rating a New Low

 

Associated Press
Bush Says No Iraq Shift; Criticism Rises
By DAVID ESPO …Two Democrats, Sens. Carl Levin of Michigan and Jack Reed of Rhode Island, back legislation to require a troop withdrawal to begin within 120 days, to be completed by the end of April 2008. Republican Sen. Olympia Snowe of Maine said impatience for a shift in policy continued to grow and that by September there could be enough support among Democrats and disaffected Republicans to pass a withdrawal timetable… The tide has turned, Snowe said. In a sign of rising Republican pressure on Bush, Virginia Sen. John Warner, another Republican who is skeptical of Bush's policy, told reporters he was working on a proposal about Iraq with Lugar that is in the "formative stages." But he declined to give specifics.  A new USA Today/Gallup poll showed on Tuesday that more than seven in 10 Americans favor withdrawing nearly all U.S troops from Iraq by April. Sixty-two percent said sending U.S. troops to Iraq was a mistake, the first time that number topped 60 percent in that poll…..

Two more GOP senators break from Bush on Iraq

Iraq Raw Story | July 8, 2007 Ron Brynaert On Friday, Senator Lamar Alexander of Tennessee told the paper, It should be clear to the president that there needs to be a new strategy. Our policy in Iraq is drifting; and Sen. Judd Gregg of New Hampshire, who helped lead the charge earlier this year against Democratic efforts to oppose Bush's troop buildup, said: We don't seem to be making a lot of progress. Gregg added that it was important that there be a clear blueprint for how we were going to draw down. The article continues, The tide of Republican dissent began to grow two weeks ago when Sen. Richard G. Lugar of Indiana, former chairman of the foreign relations committee, delivered an earnest plea for change from the floor of the Senate. Sen. George V. Voinovich of Ohio expressed similar doubts in a letter he sent to the president the next day, and Sen. John W. Warner of Virginia, the former chairman of the armed services committee, openly praised Lugar for speaking out. New Mexico Senator Pete Domenici, a senator for more than three decades, up for reelection in 2008, was the third Republican elder statesman to publicly turn against the president's troop 'surge' policy within 10 days. I am unwilling to continue our current strategy," Domenici said at a news conference in Albuquerque, New Mexico, blaming the Iraqi government for not making sufficient progress to merit the sacrifices of US troops. The Times notes that "another House Republican, conservative Rep. John T. Doolittle from Roseville, Calif., labeled the Iraq war 'a quagmire' and called for a reduced U.S. military presence, according to the Sacramento Bee.

Spector: It’s all about control….. I have devils inside of me that fight me…. Riiiiight phil. The devil made you do it!

Chauffeur: Spector Said, "I Think I Killed Somebody"

Coroner on spector’s murder of Lana Clarkson: Definitely a Homocide. SHE HAD BRUISING INSIDE HER MOUTH, HAD HER POCKETBOOK STRAPPED TO her SHOULDER (LEAVING WEIRD PHIL’S HOUSE OVER HIS OBJECTION), AND HE HAD BLOOD INSIDE HIS POCKET (FROM THE GUN, POST-MURDER).

Corrupt criminal jews stick together as kaplan refuses to testify to previous sworn testimony she gave to grand jury regarding evidence tampering at the crime scene by defense expert liar-for-money lee.

Witness: Spector Said All Women Deserve a Bullet
After a weeklong break, the Phil Spector trial got down and dirty again today. Los Angeles Superior Court Judge Larry Paul Fidler reversed a previous decision and allowed Vincent Tannazzo to take the stand Monday, despite the defense's argument that what the former security guard had to say amounted to character assassination. Tannazzo, also a retired New York police officer, testified that on two occasions in the mid-1990s he heard Spector say, among other ominous things, that they all deserve a bullet in their head, with they referring to women. Spector has been accused of drunkenly killing Lana Clarkson by shooting her in the mouth on Feb. 3, 2003, in the hallway of his Alhambra mansion, where the actress accompanied the famed music producer after meeting him only hours before at the House of Blues in West Hollywood. She had been working at the club's VIP-area Foundation Room as a hostess. The defense is contending, meanwhile, that Clarkson accidentally shot herself. Tannazzo described accompanying Spector and his date, Joan Rivers' then-manager Dorothy Melvin, from a Christmas party at Rivers' apartment down to the lobby. Spector and Melvin had just had a spat. He quickly frisked Spector and felt a gun tucked into the waistband of his pants, Tannazzo said, and when they reached the lobby, Spector's hand moved toward his hip. I told Phil Spector if he pulls out that gun I'll blow his [expletive] head off, Tannazzo said, demonstrating to the court why Fidler was previously disinclined to allow the ex-cop's testimony. (He reconsidered today, ruling that Tannazzo's comments were important enough to outweigh any possibly prejudicial effects.) No, no, I'm cool. I love cops, Spector said, according to Tannazzo. The Wall of Sound creator then pulled out a badge and said, "I'm a sheriff from North Carolina.While he was waiting outside with Spector for his limousine, Spector made a number of derogatory comments about women, Tannazzo said, including that remark about them all deserving to take a bullet, which the Rock and Roll Hall of Famer said about five times. The following year, as well, Spector made a similar comment, Tannazzo testified. Spector had been thrown out of Rivers' Christmas party and was waiting for the elevator when he saw a random woman walk out and said, "I ought to put a bullet in her [expletive] head right now. Spector took a few steps toward the woman before Tannazzo grabbed him and ushered him off to his limo, the erstwhile security guard told the court. He hadn't detected a weapon on Spector's person at the time, he added.Melvin was one of four women who testified in April and May that Spector once threatened her with a gun while under the influence of alcohol. Melvin said that Spector brandished a revolver at her at his Pasadena home in July 1993 and then followed her down the driveway holding a shotgun when she tried to leave. I expect a return call, but be careful what you say to me. Nothing you say to me is worth your life. Goodbye, Dorothy, Spector said in a message to Melvin that the prosecution played in court.

Violent Crime Up in u.s. For Second Year

Canadian soldier died by friendly fire: US report CBC.ca

Officials: U.S. Kills 7 Afghan Police...

UN Envoy: Mideast 'may see full-scale war'...
HARRY REID: IRAN STRIKE WOULD DESTABILIZE REGION...

Ahmadinejad: Israel Is Bearer of Satan...

Venezuelans protest opposition TV channel closure...
Carter slams Blair support of Bush: 'Abominable. Loyal, blind'...

'BUSH IS THE WORST'
Bush plunges in poll...
GOP's Hagel joins calls for Gonzales' resignation CNN

International law breaker israel to Get $30bn US aid (money that u.s. doesn’t really have) cementing america’s global decline even as defacto bankrupt u.s is in drastic need of aid

Bumbling, bungling, war criminal bush who also should be in jail, as a professional criminal courtesy, commutes fellow criminal and neocon jew Libby sentence Irish Times - US President George W. Bush last night commuted the sentence of former White House aide Lewis "Scooter" Libby, enraging Democrats who accuse him of an abuse of power.

Venezuela Takes Over TV Network as Police, Protesters Clash
Venezuelan TV station goes off the air San Jose Mercury News
Dueling Protests Over Shutdown of Venezuela TV Station

Coverup theory alive at USS Liberty reunion

 doctors, jews, in US charged with surgery scam Xinhua - BEIJING, May 18 (Xinhuanet) -- Three doctors in the United States were arrested for billing insurers 30 million US dollars for unnecessary surgery performed on hundreds of patients recruited from around US, according to media reports Friday.
Three doctors arrested in massive insurance scam Central Valley Business Times
Doctor accused in scam to be rearrested Los Angeles Times

8 Israeli Airstrikes in Gaza Kill at Least 7 Palestinians New York Times

Jews Desecrate Graves in West Bank

Israel Ignores International Law and UN Resolutions and Refuses to Meet Syria Demand on Golan

Israelis seize 33 Palestinian leaders...

Report: Israeli Settlements in Land Grab 7-6-07

'War on terror' dividing world, AMNESTY warns...

...accuses Israel of 'serious rights abuses'

Israel Killed 650 Palestinians in 2006

Israel launches air strikes in Gaza 6-20-07

Norway tops peaceful nation list, Iraq (thanks to america) rates lowest Iraq (thanks to criminal nation america) was in last place, with Sudan and international war criminal nation israel just above. Some two-dozen indicators were used, including wars fought in the past five years, arms sales, prison populations and incidence of crime.

Israel arrests Palestinian minister, pounds Gaza 

Israel fires on targets in Gaza, killing 2

Israel Kills Seven Palestinians, Arrests Minister 5-26-07

Israeli Troops Kill 2 Palestinian Teens 6-1-07

International criminals, the israelis, Trying to Foment Conflict/War, arrest 33 Hamas officials Los Angeles Times - Education minister and parliament members are among those detained. Tanks move into Gaza for first time in months.

'COUNTDOWN' TO ISRAEL'S END As such there is still hope for this world.

3 US Troops Killed in Iraq Car Bombing 6-11-07

Bombings Kill 7 US Soldiers in Iraq Glens Falls Post-Star
Attacks in Iraq Leave 7 Soldiers, 1 Interpreter Dead, Army Says

QUEEN'S DISMAY AT LEGACY OF BLAIR DECADE...

EU Accused of Not Doing Enough for Peace in ME

WE'LL BEAT YOUR SHIELD SAYS PUTIN AS THE CIVILIZED WORLD CHEERS HIM ON!

Putin warns he will point missiles at Europe, if they once again like lemmings follow the war criminal americans/neocon jews/bushies/moron bush who want nothing more than to create war/conflict/chaos to obfuscate their incompetence/decline and what the last legitimately elected president, General Eisenhower warned of; viz., the war for profit military industrial complex, etc. .....

US military analysis says troop 'surge' in Iraq short of goal

Activists Call for Suu Kyi's Release

Afghanistan struck by second suicide bomb in two days Taipei Times
Day's toll: 9 more troops in Iraq die 5-24-07Philadelphia Inquirer

Humans 'learned to walk in trees'...

Judges at Guantanamo Throw Out 2 Cases Washington Post

Prober: CIA Ran Secret Jails in Europe

Report: 39 Secretly Imprisoned by U.S.

ABCNEWS/WASH POST POLL: Dems Lose Their Edge; Congressional Approval Ratings Return to Pre-Election Levels...

Congress member indicted in bribes Baltimore Sun - By Richard B. Schmitt and Ann Simmons. WASHINGTON // Rep. William J. Jefferson of Louisiana was indicted yesterday for allegedly using his congressional office to enrich himself and his family through a pattern of fraud, bribery and corruption that ...
Rep. Jefferson Indicted in Bribery Probe Forbes
Jefferson indicted on graft charges Los Angeles Times

Soldiers patrolling border charged in alien-smuggling ring...

Update: Congress Votes To Investigate Indicted House Member AHN - Washington, DC (AHN) - The legal trouble for US Representative William Jefferson (D-LA) continues to pile up, as the House approved a Republican-backed resolution to launch an ethics investigation into the conduct of the Louisiana Democrat.
House approves speedy Jefferson probe Houston Chronicle
Congressman Sought Bribes, Indictment Says BlueRidgeNow.com

BLAIR ADMITS HE IS A FERAL BEAST OBSESSED WITH IMPACT...

Economy Nearly Stalled in First Quarter...The lunatic frauds rallied on the fake numbers and rallied again on the less fake lower numbers. Full blue moon and the lunatic frauds are still in rally mode as more fake numbers from government to deflect attention from their substantial policy failures and reality.

Oil demand 'rising faster than expected'...

PAPER: A WORLD WITHOUT OIL COMING SOONER THAN PREDICTED...

World oil supplies are set to run out faster than expected, warn scientists

Scientists challenge major review of global reserves and warn that supplies will start to run out in four years' time

U.S. Indices Sport Relatively High P/E Ratios Compared To Peers 

From that venerable font of truth, the u.s. commerce department , comes word that retail sales were twice what economists predicted spurring raaaaallyyyy…..riiiiight!

UN WARNS: U.S. Debt Could Trigger Dollar Collapse June 4, 2007

Pageant Mob Boss Mobster trump Explains: They Booed U.S. Policies...

THE ART OF A SHAMEAL!  Trump Entertainment 2Q Loss Widens
Tuesday August 7, 9:08 am ET

AP Trump Entertainment 2nd-Quarter Loss Widens As Gaming Revenue Declines

ATLANTIC CITY, N.J. (AP) -- Trump Entertainment Resorts Inc. said Tuesday its second-quarter loss widened as gaming revenue fell, partly due to increased regional competition. The casino operator reported a loss of $13.5 million, or 43 cents per share, versus a loss of $4.9 million, or 16 cents per share, in the prior-year period.

Former FBI head louie freeh, considered the most corrupt (and also the dumbest) director in FBI history, realizing it’s all coming back on him, the corrupt, incompetent jersey city boy, with few legitimate marketable skills, bought and paid for, cashed out and who endorses mob man Giuliani for 2008...

WE'LL BEAT YOUR SHIELD SAYS PUTIN AS THE CIVILIZED WORLD CHEERS HIM ON!

VIDEO: MISS USA HECKLED BY WORLDWIDE AUDIENCE...

Suit alleges Jeppesen assisted CIA Rocky Mountain News - By Chris Walsh, Rocky Mountain News. A lawsuit filed Wednesday alleges that Arapahoe County-based Jeppesen knowingly helped the Central Intelligence Agency fly terrorism suspects overseas to secret jails where the prisoners were tortured.

Israeli High Court Permits Torture of Palestinians

Hamas scores publicity coup in US Malaysia Star - By Bernd Debusmann, Special Correspondent WASHINGTON (Reuters) - Shunned by the US government as a terrorist organization, the Islamist group Hamas scored a publicity coup this week by defending its policies in Gaza with opinion pieces in two of the ...
Piece Process New York Times
US muddles along in the Middle East Seattle Post Intelligencer

Who's Afraid of Jimmy Carter? George Bush Yahoo! News Carter called Bush’s presidency the worst in history.

Bush plunges in poll...
...'approval rating for Congress stands lower than Bush'
Republicans abandoning Bush
NBC/WSJ poll: President’s, Congress’ ratings drop to lowest levels ever
By Mark Murray Deputy political director NBC NewsWASHINGTON - As President Bush attempts to revive the controversial immigration reform bill he supports, the latest NBC News/Wall Street Journal poll finds that Republicans are abandoning the president, which has dropped his job-approval rating below 30 percent -- his lowest mark ever in the survey.But he isn’t the only one whose support is on the decline in the poll. Congress’ approval rating has plummeted eight points, bringing it below even Bush’s. And just one in five believe the country is on the right track, which is the lowest number on this question in nearly 15 years. Republican pollster Neil Newhouse, who conducted the survey with Democratic pollster Peter D. Hart, argues that these numbers have crossed below the political “Mendoza line,” referring to the feeble .200 batting-average mark in baseball. “With the mood of the country dropping below 20, and the president’s approval below 30, both are candidates for a sort of political Mendoza line,” he says.   In the poll, Bush’s approval rating is at just 29 percent. It’s a drop of six points since April, and it represents his lowest mark ever on this question in the NBC/Journal poll….
 
Cheers at World Bank as Typically Criminal american jew Wolfowitz steps down Ottawa Citizen

WE'LL BEAT YOUR SHIELD SAYS PUTIN AS THE CIVILIZED WORLD CHEERS HIM ON!

Japan OKs Bill on U.S. Military Reorg.
By CHISAKI WATANABE Associated Press Writer TOKYO -- Japan passed a law Wednesday to fund the reorganization of U.S. forces in Japan and help move thousands of Marines from the country's south to the U.S. territory of Guam. Many Okinawans complain about the noise and crime related to the heavy U.S. military presence….

 

Putin slams Britain over 'colonial thinking'…yet hypocritically promotes such colonial thinking regarding the independent non-communist nation of Taiwan.

Goodling broke down over firings
By LAURIE KELLMAN, Associated Press Writer Congress cleared legislation Tuesday that would curb President Bush's power to appoint prosecutors indefinitely, resolving one controversy linked to the firing of federal prosecutors. The 306-114 vote gave the House's blessing to the Senate-passed bill, readying it for Bush's expected signature. It will close a loophole that Democrats say could have permitted the White House to reward GOP loyalists with plum jobs as U.S. attorneys. Other developments indicated Gonzales' support was eroding. Senate Democrats are proposing a no-confidence vote on the attorney general as soon as week's end. And almost every day has brought new calls for Gonzales' resignation. On Tuesday, freshman Sen. Jon Tester, D-Mont. joined the call for Gonzales to go. Rep. Marilyn Musgrave, R-Colo., asked Gonzales to consider stepping down "for the good of our country

Congress subpoenas White House over prosecutor firings
Chicago Tribune - by Frank James, brother of criminal American hero jesse james, Congressional Democrats have threatened for months to subpoena former White House officials related to the Capitol Hill investigation of why several federal prosecutors were fired.
Justice Department Scandals Draw Supoenas Yahoo! News

Key GOP Senator: Gonzales May Resign to Avoid Vote ABC News
Former Aide To Gonzales, In Sworn Testimony, Contradicts Him Tampa Tribune

US Senate Immigration plan faces new critics Concord Monitor

 

PELOSI: Iraq NOW LIKE US AND IS a 'grotesque mistake'...
Rep. Pelosi responds to boos on war
By Jonathan E. Kaplan and Sam Youngman June 21, 2007

House Speaker Nancy Pelosi (D-Calif.) yesterday reaffirmed her commitment to end the war in Iraq, but her words were greeted with skepticism and some boos by anti-war liberal activists.
Addressing the liberal pressure group Campaign for America’s Future, Pelosi called the war in Iraq a “tragedy” and a “grotesque mistake,” but her words elicited catcalls for her to do more.

GALLUP: Confidence in Congress at all time low: 14%...

4 Palestinians killed in Israeli raid (AP)

Why Bush and Cheney can't let Scooter sing Aspen Times

Violence in Iraq kills 50 civilians, 6 U.S. troops 7-7-07

5 Americans, 2 More Die in Afghan Crash

Iraq bombings leave 15 (this weekend-71 this month) US soldiers dead Houston Chronicle 

Al-Sadr Reappears, Says US Must Leave ABC News

Jimmy Carter to US, EU: Stop favoring Fatah over Hamas...

Oil Prices Back Above $70 a Barrel...

Washington Post details Gonzales's 'decade of dishonesty'

 

OIL $$ HITS RECORD HIGH

 

ANOTHER MORTGAGE LENDER MAY LIQUIDATE...

7 more U.S. troops reported killed in Iraq

ROSEANNE: 'IMPEACH THE PRESIDENT AND THE VICE PRESIDENT, THEY ARE TRAITORS TO AMERICA, AND SO ARE ALL OF THEIR SUPPORTERS'...

'SURGE HAS FAILED'
http://www.drudgereport.com

US Attack Kills 32 in Sadr City New York Times - Iraqis in Baghdad’s Sadr City chanted and carried coffins of people who were killed in a raid by American forces. By DAMIEN CAVE BAGHDAD, Aug. 8 - An American raid and airstrike killed 32 people including civilians in the Shiite stronghold of Sadr City on Wednesday, ... WITH OVER 700,000 INNOCENT IRAQIS INCLUDING WOMEN AND CHILDREN KILLED BY WAR CRIMINAL AMERICA BASED ON LIES ALONE, AMERICA HAS NO STANDING OR CREDIBILITY IN CONDEMNING ANY NATION OF ANYTHING WHATSOEVER UNTIL THE WAR CRIMINAL AMERICANS ARE BROUGHT TO JUSTICE AND PAY FOR THEIR CRIMES…THAT INCLUDES RUSSIA WHICH HAS BEEN THE BRUNT OF CONDEMNATION BY WAR CRIMINALS BRITS AND AMERICANS.

AMERICAN HOME MORTGAGE Files for Bankruptcy After Shutting Down Operations...

In Violence-Torn Newark of the Pervasively Corrupt, Mob-controlled, Crime-ridden state of new jersey, College Students' Murder Strikes Nerve
NEWARK, N.J. -- They were four friends on the cusp of adulthood, who made music together and were preparing to return to the college where their friendship had blossomed.

Then, in the span of a few minutes, they became the latest victims in this struggling city's deadly cycle of violence.

·  Images: The Victims

The details of the grisly murders were enough to give pause to even the most battle-hardened law enforcement authorities: Four young people, approached in a schoolyard by several assailants in an apparent robbery attempt, that led to the execution-style slayings of three of them and the serious wounding of a fourth.

Killed were Terrance Aeriel, 18, Iofemi Hightower, 20, and Dashon Harvey, 20. Aeriel's 19-year-old sister, Natasha, was listed in fair condition at Newark's University Hospital after being shot in the head.

Authorities were piecing together details of the crime from witnesses and from interviews with Natasha Aeriel, but had not made any arrests by late Monday night. Gov. Jon S. Corzine called the crime "cold-hearted and cowardly" and "beyond comprehension."

The killings rocked a city that has seen its murder rate rise by 50 percent in the last decade. And they also brought renewed criticism of Mayor Cory A. Booker's efforts to reduce violent crime.

"Fake Steve Jobs" blogger exposed as Forbes editor for the fake business news shill magazine/tabloid forbes magazine r

ALL HAIL, Democratic presidential candidate Hillary Rodham Clinton refused Saturday to forsake campaign donations from lobbyists, turning aside challenges from her two main rivals with a rare defense of the special interest industry, KOS!

COUNTRYWIDE: Rise in mortgage defaults among most creditworthy borrowers...

California defaults hit 10-year high...

Wisconsin foreclosures up 23%...

Deadly day for U.S. military; 14 killed 6-21-07

US Military Deaths in Iraq at 3707
By AP 08.20.07, 9:20 PM ET As of Monday, Aug. 20, 2007, at least 3707 members of the US military have died since the beginning of the Iraq war in March 2003, according to an Associated Press count.
3 Fort Hood soldiers killed in Iraq Houston Chronicle
2 Fort Hood soldiers killed in Iraq News 8 Austin

Inspector faults CIA Los Angeles Daily News - BY KATHERINE SHRADER, AP WASHINGTON - It took an act of Congress to force the CIA to lift the veil on its watchdog's internal investigation that lays out the agency's many failures in the months and years before Sept.
Report details CIA's failures ahead of 9/11 Baltimore Sun
'Systemic breakdown' at CIA before 9/11 Los Angeles Times

GALLUP: Confidence in Congress at all time low: 14%...

GOVERNMENT BUDGET BLOWOUT: $2,900,000,000,000.00

California cities fill foreclosure list

International law breaker israel to Get $30bn US aid (money that u.s. doesn’t really have) cementing america’s global decline even as defacto bankrupt u.s is in drastic need of aid

International war criminal nation israeli attack kills freedom fighter in Gaza Edmonton Journal

Democrats backing down on troop withdrawal date Houston Chronicle

US Military Deaths in Iraq at 3591 Washington Post
US troops killed in Iraq - 21 already in July Malaysia Sun

US military toll for May tops 100 Los Angeles Times

US Military Deaths in Iraq at 3452

Ratings for Bush, Congress sink lower 7-4-07
By ALAN FRAM, Associated Press Writer WASHINGTON - Like twin Jacques Cousteaus of the political world, President Bush and Congress are probing the depths of public opinion polling as voters exasperated over Iraq, immigration and other issues give them strikingly low grades…..

Republicans slam Moron Bush in debate NDTV.com - AP. US Presidunce George Dumbya Bush drew criticism on Tuesday night from Republican presidential candidates unhappy with his handling of the Iraq war, his diplomatic style and his approach to immigration.
What they said Houston Chronicle
Debate Forecasts Stormy Days Ahead For GOP CBS News

One Giuliani Backer Is a Bust Washington Post -By Politics When South Carolina's treasurer, Thomas Ravenel, endorsed former New York mayor Rudy Giuliani for president in April, he heaped praise on Giuliani for reducing reported crime by putting the biggest criminals in charge, saying that "the mayor rescued New York City from preventing it from its destiny of becoming the cesspool that it is ...
SC treasurer charged with cocaine distribution MSNBC
State GOP Releases New Statement on Ravenel Indictment WLTX.com

BUSH BASH IN NEW HAMPSHIRE

Calling all Hypocrites as Dumbya bush who has no credibility whatsoever criticizes state of democracy in Russia and China...How many innocent people have they killed in the past several years? War criminal bush is over 700,000...Meaningfully lawless, from my direct observation and experience, that’s u.s...

China, though defending the indefensible in supporting communism,  in slamming Bush's Cold War thinking (?bush? thinking? that’s a stretch!) in anti-communism speech, rather should merely point to the actions of  war criminal bush/america and the inherent criminality of what america with its pervasive corruption and inherent criminality has become in rejecting whatever america fraudulently purports to be.  I (am anti socialism/communism) posit that pervasively corrupt/criminal america could not be better than even a communist nation based upon what they do and are as opposed to what they say and say they are. yeah

Fitzgerald Again Points to Cheney

SNIPER FEARS AFTER SECOND SHOOTING ON L.A. FREEWAY...

Crystal meth use in US 2X higher than thought…examples include inveterate thief/addict David George Swann (d.o.b. 4-6-60) of typical LA crime fame…. .

'SURGE HAS FAILED'
http://www.drudgereport.com

Bush On Pace To Become President To Take Most Vacation Time...

Libby sentenced to 30 months in prison Los Angeles Times - By Richard B. Schmitt, Times Staff Writers. WASHINGTON -- Former vice presidential aide I. Lewis "Scooter" Libby faces the prospect of becoming the first high-level White House official to go to prison since the Nixon administration, after a federal ...
Letters Cast Light on Cheney's Inner Circle Washington Post
Judge orders jail time for Libby in CIA leak case Christian Science Monitor

Libby: Do Not Pass Go, Go Directly To Jail E Canada Now - Washington (eCanadaNow) - Lewis Scooter Libby had his request to delay prison denied by a federal judge as he gets one step closer to going behind bars.

Libby judge harassed by neo-con mental cases after sentencing...

Bush Spares Libby From Prison...
Grant of Executive Clemency...
Statement by President...
Special prosecutor challenges Bush assertion...
Obama: 'This is exactly the kind of politics we must change'...
Pelosi: 'The president shows his word is not to be believed'...
Statement From Libby's Attorney...
Hillary: 'In this administration, cronyism and ideology trump competence and justice'...
FLASHBACK: List of Clinton Pardons...
*Clinton: My Reasons for the Pardons...

giuliani’s father was an enforcer for the mob who also served hard time means giuliani is mob
giuliani married his second cousin, had affair and divorced
giuliani had an affair, and divorced
giuliani moved in with two gays and likes to dress up as a woman
giuliani’s administration included many mob-connected people, ie., kerrick, etc.
giuliani’s campaign directors included cocaine distributor, N.C., ‘john’, LA, etc.
giuliani ignored advise/recommendations against WTC location for command/control center
giuliani’s firm brokering/representing north american union
giuliani shipped 911 evidence to china
giuliani is hated by the firefighters for his duplicity and performance

980 US forces have died in Iraq since last Memorial Day Aurora Beacon News - AP. BAGHDAD -- Americans have opened nearly 1000 new graves to bury US troops killed in Iraq since Memorial Day a year ago. The figure is telling -- and expected to rise in coming months.
Military: Eight American troops killed in Iraq USA Today
Iraq attacks kill eight US troops BBC News

Pentagon says more funds needed for mental health Reuters AlertNet - By Kristin Roberts WASHINGTON, June 15 (Reuters) - The US military's mental health system fails to meet the needs of troops and is too short of funds and staff to help service members sent to fight in Iraq and Afghanistan, the Pentagon said on Friday.  Take it out of your already bloated, war profiteering  budget say some.
Rational Responses Include Bringing the Troops Home and Focusing on the Highest Crime Rates In the World in Meaningfully Lawless, inherently Criminal america.
Pentagon Report Criticizes Criminally Insane americans' Mental-Health Care Washington Post
Mental Health Action Concerning All Inherently Criminal americans Urged Hartford Courant

Execution-style killings spark outrage

Army Concludes (that settles it…if the army says it-like Tillman-it must be true) Baghdad Diarist Accounts Untrue

Iraqi political crisis worsens

New Jersey, the meaningfully lawless toxic/garbage multi-ethnic mob controlled and most corrupt state, governor signs toughest U.S. carbon law...what a charade/joke/fraud!...

Coverup theory alive at USS Liberty reunion

California cities fill foreclosure list

10 US soldiers killed in Iraq on Memorial Day Austin American-Statesman (subscription)
Five Britons kidnapped in Iraq New Straits Times

 

Fourteen US troops killed in Iraq BBC News 6-3-07- Fourteen US soldiers have been killed in the last three days in Iraq, mainly in roadside bombings, the US military has said. Four soldiers died in a single blast during search operations north-west of Baghdad on Sunday, the military said.
US announces 14 troop deaths in Iraq Houston Chronicle
14 US Soldiers Killed In Iraq In 3 Days CBS News

 

8 US soldiers die in Iraq, 7 from roadside attacks Boston Globe - By John Ward Anderson, Washington Post | June 24, 2007 BAGHDAD -- Eight American soldiers died yesterday in Iraq, including seven killed in roadside bombings, the US military said, bringing to 30 the number of US service members whose deaths were ...
Bombs kill 7 US troops, including 4 in one blast Houston Chronicle
At least 28 Americans killed in bloody week in Iraq WHNS

 

Serial 'Road Rage' Closes California Highway...

 

GALLUP: 7 in 10 Americans Say Economy Is 'Getting Worse'...

 

COUNTRYWIDE: Rise in mortgage defaults among most creditworthy borrowers...

California defaults hit 10-year high...

Wisconsin foreclosures up 23%...

 

Dollar Drops to 26-Year Low Vs. Pound...

Euro Climbs to New High Against Dollar...

 

China's trade surplus soars 85.5 percent to record in June - stock market rallies

 

American Home plunges on bankruptcy concern MarketWatch - By Alistair Barr, MarketWatch SAN FRANCISCO (MarketWatch) -- American Home Mortgage Investment Corp., the 10th-largest mortgage lender in the US, teetered on the brink of bankruptcy on Tuesday after saying it can't pay its creditors, ...
Jittery Stock Market Drops as Mortgage Fallout Spreads New York Times

Subprime losses could hit $100 billion: Bernanke

The U.S. Market's Bad Breadth Has Spread To Europe 

Bernanke's Vision of Inflation Reflexivity May Soon Rear Its Ugly Head 

DOLLAR ALL-TIME LOW...

 

US tumbles down the world ratings list for life expectancy Guardian Unlimited

 

PAPER: GLOBAL POLL SHOWS DISTRUST OF USA INTENSIFYING...

 

Is the following some kind of joke? (Definitely ridiculous propaganda!)

Polonium Antidote Wall Street Journal -
Britain's expulsion of four Russian diplomats yesterday is a tempered response to what available evidence suggests was an act of Kremlin-sanctioned terrorism on its soil.
Curbing "Russian Aggression" Kommersant
British to Expel 4 Russian Diplomats in Spy Case New York Times
Let britain first expel the murderers/assassins (MI5/6 and higher) of ie., microbiologist David Kelley, a british national

The u.s., britain, and israel are guilty of the deaths of many hundreds of thousands of innocent civilians including women and children for which lies, war crimes, and other violations of international laws mandates prosecution in war crimes tribunals. The u.s., britain, and Israel have neither standing nor any credibility whatsoever to speak on these issues in light of their war crimes!

 

French official suggested Bush(/bushies) was behind September 11...

 

POLL CLAIMS: 65% SUPPORT BUSH IMPEACHMENT PROCEEDINGS...

 

'SURGE HAS FAILED'
http://www.drudgereport.com

 

HISTORIC: Drop Foreseen in Median Price of Homes...

Flips, scams blamed in California housing decline...

 

The Abu Ghraib whistleblower's ordeal By Dawn Bryan  

The US soldier who exposed the abuse of Iraqi prisoners in Abu Ghraib prison found himself a marked man after his anonymity was blown in the most astonishing way by Donald Rumsfeld.

After Donald Rumsfeld blew his cover, he was bundled out of Iraq very quickly and lived under armed protection for the first six months.

 

Iraq politics a morale buster New York Daily News
Iraq is failing, Bush nominee says Detroit Free Press

Russia Suspends Arms Pact, Citing U.S. Missile Plan...

Kremlin tears up arms pact with Nato Guardian Unlimited - President Vladimir Putin yesterday signalled that Russia was on a new and explosive collision course with Nato when he dumped a key arms control treaty limiting the deployment of conventional forces in Europe.
Russia sends warning to the West BBC News
Why Putin Pulled out of a Key Treaty TIME

W actions following 9/11 remind him of  Hitler on FOX News - Jul 12, 2007
By Brit Hume Minnesota Democrat Keith Ellison says Bush administration s government expanded its power after the burning of Berlin’s Reichstag parliament ...

Two US soldiers killed in Baghdad violence International Herald Tribune - AP BAGHDAD, Iraq: Two US soldiers were killed in shooting attacks on their patrols in Baghdad, where American forces are carrying out an intensified crackdown to uproot insurgents, the military said Monday.

 

US daily toll rises to eight in Iraq The Australian - by Joseph Krauss in Baghdad EIGHT more US troops died in Iraq today, mostly in roadside bombings in Baghdad, as the American military battled suspected Al-Qaeda insurgents in other parts of the country.
Two Top Papers: New US Offensives in Iraq Faltering Editor & Publisher

 

US strike kills more Afghan civilians Earthtimes.org - KABUL, Afghanistan, June 30 As many as 130 people, including women and children, were killed by coalition air strikes in Afghanistan's Helmand province, said local officials.
80 Afghan civilians killed by air strike of foreign troops Xinhua
100 Civilians Killed in NATO, US Assault, Afghan Officials Say Washington Post

 

Two British soldiers die in clashes with Afghan rebels Times Online

 

UK gags military as soldiers banned from blogging...

 

Hamas Plans to Replace Defunct Gaza Courts With Legal Committee
Hisham Abu Taha, Arab News GAZA CITY, 22 July 2007 — Hamas said yesterday it was replacing Gaza’s defunct courts with a legal committee consisting of a Shariah expert and warned Tony Blair his credibility as the new international Middle East peace envoy is NIL.

 

Even with release of documents, CIA doesn't even come close to telling all

DEAL BREAKER In the largest hedge fund bailout since the ‘Fund that shall not be Named’ in 1998, Bear Stearns is providing $3.2bn in loans to rescue its High-Grade Structured Credit Strategies Fund, which has lost about 10% this year. The Bear loans will replace the loans extended by the major banks, some of which exceed $1bn per bank. Bear will not be rescuing its High-Grade Structured Credit Strategies Enhanced Leverage Fund, which is significantly suckier than the fund that’s getting rescued, having lost 20%+ this year. As the name suggests, the HGSCSEL Fund is more leveraged (the buzzword is “enhanced”) than its Cioffi managed cohort. Creditors extended about $9bn to the Bear funds, which made $11bn worth of bets on CDOs. The amount extended to the Bear funds is far more than the $3.5bn extended to LTCM, although Bear’s bailout is a bit more organic and a lot less potentially apocalyptic, to say the least…..
Barclays Capital exposed to embattled Bear Stearns hedge funds [Forbes]
Bear Stearns Plans $3.2 Billion Hedge Fund Bailout [Bloomberg]
Bear Bailout [CNBC]

Oil hits 11-month high...transports rally on the good news since same will erode margins…riiiiight!...

GM June US Sales Decline 21.3%, Ford Sales Fell 8.1% - Update RTT News - 7/3/2007 3:27:22 PM On Tuesday, General Motors Corp. (GM) announced its US sales results for the month of June, reporting a 21.3% decline as demand dropped for cars and trucks, due in part to a planned decrease in fleet sales.
Auto Sales Reveal Industry Trends Wall Street Journal
GM, Ford, Chrysler Sales Drop in June Forbes

China's trade surplus soars 85.5 percent to record in June - stock market rallies

Ex-mayor of Newark indicted

Silencing Scooter Winnipeg Sun - By DONNA MARIE ARTUSO WASHINGTON -- To the astonishment of no one, US President George W. Bush on Monday commuted the 30-month prison sentence of I. Lewis "Scooter" Libby following his conviction on four felony counts of perjury and obstruction of ...
Libby Liberated. Paris Punished. TMZ.com
Lil' Kim, I. Lewis "Scooter" Libby and Paris Hilton

N.C. panel disbars Duke prosecutor (AP) North Carolina  deserves some credit, but not much till the liar is behind bars where he and his ilk belong.
Former Duke Prosecutor Mike Nifong Disbarred ABC30.com - 06/16/2007 - Durham County District Attorney Mike Nifong has been disbarred after being found guilty of a battery of ethics violations for his handling of the Duke Lacrosse investigation, a North Carolina Bar disciplinary committee announced Saturday ...
Duke Lacrosse: Mike Nifong Disbarred AOL SPORTS
Nifong stripped of law license Sports Network
DISGRACED AND DISBARRED
REPORT: DISBARRED DUKE LACROSSE PROSECUTOR SHOULD FACE JAIL TIME...

PE.com | Southern California News | News for Inland Southern ... Yagman was convicted of 19 counts of attempted tax evasion, bankruptcy fraud and money laundering. A prosecutor said he faces more than 80 months in prison. LOS ANGELES A prominent typical lying jew civil rights attorney whose Web site touts his stand against "police brutality and other government corruption" was convicted Friday of federal tax evasion and fraud charges. Venice attorney Stephen Yagman was found guilty of trying to avoid paying more than $100,000 in federal income taxes while living a lavish lifestyle replete with expensive suits from London, Aspen vacations and fine dining. When Yagman filed for bankruptcy in 1999, prosecutors said, he failed to disclose that he lived in a 2,800-square-foot home near the beach in Venice. He had, however, made mortgage and property tax payments on the property and claimed the homeowner's mortgage-interest deduction on his tax returns. The government contended Yagman paid only a fraction of his income taxes from 1994 to 1997, eventually owing the IRS more than $158,000 in back taxes, interest and penalties. Prosecutors also alleged he failed to pay $30,000 in payroll taxes that his law firm owed during that period and claimed he hid about $617,000 he received from his mother and elderly relatives from the IRS. On top of that, authorities said Yagman tried to hide $70,000 in assets to avoid paying out a civil judgment awarded against him and his firm in 1996. At his arraignment, Yagman called the charges "politically motivated" and "retaliatory." There was no answer at his office Friday evening and his attorney Barry Tarlow did not immediately return a message left with an assistant. Over the years, Yagman has filed dozens of lawsuits claiming that Los Angeles police abused and framed suspects and made false arrests.Yagman also sued President Bush and other officials for alleged violations of constitutional rights of a detainee at the U.S. prison camp in Guantanamo Bay, Cuba, and sought class-action status on behalf of all detainees. Yagman was convicted of 19 counts of attempted tax evasion, bankruptcy fraud and money laundering. A prosecutor said he faces more than 80 months in federal prison and could lose his ability to practice law. U.S. District Judge Stephen Wilson allowed Yagman to remain free awaiting his Sept. 24 sentencing."There is nothing wrong with living the good life," Assistant U.S. Attorney Beong-Soo Kim told jurors during closing arguments. "The issue...is whether the defendant should have to play by the same rules as everyone else."Published: Friday, June 22, 2007 19:26 PDT

GALLUP: Confidence in Congress at all time low: 14%...

Poll says distrust of US is growing Seattle Post Intelligencer

International law breaker israel to Get $30bn US aid (money that u.s. doesn’t really have) cementing america’s global decline even as defacto bankrupt u.s is in drastic need of aid

L.A. archdiocese to pay $660M for abuse
In this file photo, members of the Survivors Network of those Abused by Priests, SNAP, protest outside Cathedral of Our Lady of the Angels, seat of the Archdiocese of Los Angeles, in September 2006. The Roman Catholic Archdiocese of Los Angeles will settle its clergy abuse cases for at least $600 million, by far the largest payout in the church's sexual abuse scandal, The Associated Press learned Saturday, July 14, 2007.

Israel Kills 12-Year-Old Boy in Deadly Gaza Raid 6-27-07

Poll: Distrust of U.S. growing

Iraq: Marines Can Get Away With Killing Civilians

U.S.-led air raid kills seven Afghan children

Paper: Blair knew U.S. had no post-war plan...

Shi'ite, Kurdish officials doubt US strategy Boston Globe - By Joshua Partlow, Washington Post | June 18, 2007 BAGHDAD -- Shi'ite and Kurdish officials expressed deep reservations yesterday about the new US military strategy to partner with Sunni Arab groups to help defeat the militant organization Al Qaeda in ...

U.S. Forces Kill 6 Iraqi Police

5 US Soldiers, Iraqi Interpreter Killed

Marine says he was ordered to destroy photos of Haditha victims San Jose Mercury News - AP. CAMP PENDLETON, Calif.—A Marine assigned to take photos of the 24 Iraqi civilians killed in Haditha over a year ago testified Thursday that he was later ordered to destroy the images.
Marine says he erased photos of Haditha victims Los Angeles Times
At Haditha Hearing, Dueling Views of a Battalion Commander New York Times

Crystal meth use in US twice higher than estimated

International law violator, u.n. resolution violator, war criminal nation, israel has no standing or credibility to accuse other nations of abuses including Iran

South Carolina State Treasurer indicted on cocaine distribution...

(8-14-07)4 suicide bombings kill 200 plus 9 more u.s. troops in Iraq

U.S., Australia Launch War Games

Airstrike Kills 7 Afghan Children

International law breaker israel to Get $30bn US aid (money that u.s. doesn’t really have) cementing america’s global decline even as defacto bankrupt u.s is in drastic need of aid

U.S. far down the list of most peaceful nations, study shows The Associated Press Published: May 30, 2007

US Air Strike Kills 7 Afghan Children, Army Says (Update2) Bloomberg - By Ed Johnson June 18 (Bloomberg) -- Seven Afghan schoolchildren were killed yesterday in a coalition air strike against a suspected al-Qaeda safe house in eastern Paktika province that also left several militants dead, the US military said.
Children die in Afghan bombing ABC Online
Airstrike on al Qaeda kills 7 children CNN

Karzai Calls Coalition ‘Careless’ New York Times - By BARRY BEARAK KABUL, Afghanistan, June 23 - Somber, impatient and angry, President Hamid Karzai of Afghanistan on Saturday accused the United States military and its NATO allies of carrying out “careless operations” that lead to civilian casualties, ...
Afghan President angry over civilian deaths ABC Online
Karzai says US and NATO are careless Houston Chronicle

US charges two soldiers with premeditated murder Taipei Times 

Canada among world's most peaceful nations The United States and Iran finished in a virtual dead heat, and way down the list, in a magazine's assessment of the peacefulness of 121 countries. Meaningfully lawless uncivilized criminal nation america has added their tainted touch to bring Iraq down to dead last on the list; and, don’t forget war criminal nation america has probably played a role in Iran’s status in light of criminal america’s op’s to destabilize Iran. In sum, the study/ranking confirms if not understates my own direct observation and experience with meaningfully lawless criminal america.
Finland ranks as world's sixth most peaceful country Helsingin Sanomat
Norway tops peaceful nation list, Iraq rates lowest Radio Australia
Magazine's 'peace index' puts US, Iran near bottom of list, Canada ...
Norway tops peaceful nation list, Iraq (thanks to america) rates lowest Iraq (thanks to criminal nation america) was in last place, with Sudan and international war criminal nation israel just above. Some two-dozen indicators were used, including wars fought in the past five years, arms sales, prison populations and incidence of crime.
Britain drops down peace table Metro, UK - May 30, 2007
The wars in Iraq and Afghanistan have pushed Britain down into criminal america’s league of violent/unpeaceful nations.
Ghana: World's 40th most peaceful The Statesman Online, Ghana - Scandinavian countries are the most peaceful in the world. New Zealand ranks second and Denmark third on the list, which notably puts Japan near the top and ...
UAE Ranks Among World's Top 50 Peaceful Countries Bernama, Malaysia - ABU DHABI, May 31 (Bernama) -- The UAE is in the top 50 of the world's more peaceful nations, and is the third most peaceful Gulf country,
Iran, US have something in common: Both rank high in violence Detroit Free Press
The United States and Iran finished in a virtual dead heat, and way down the list, in a magazine's assessment of the peacefulness of 121 countries. Meaningfully lawless uncivilized criminal nation america has added their tainted touch to bring Iraq down to dead last on the list; and, don’t forget war criminal nation america has probably played a role in Iran’s status in light of criminal america’s op’s to destabilize Iran. In sum, the study/ranking confirms if not understates my own direct observation and experience with meaningfully lawless criminal america.
New Peace Index Ranks US Among Worst Nations Chosun Ilbo, South Korea - A new study has ranked Norway as the most peaceful country in the world, while placing the US near the bottom.
US ranks low, just above Iran on peace index China Daily, China - WASHINGTON - The United States is among the least peaceful nations in the world, ranking 96th between Yemen and Iran, according to a new index released on 5-31-07.
The data were drawn from the United Nations, the World Bank, peace groups and the magazine researchers' own assessments, Williamson said. "We are just mechanics and technicians behind the index," he said. Norway was rated as the country most at peace, followed by New Zealand, Denmark, Ireland and Japan. Canada placed eighth, behind Finland and Sweden. Iraq was in last place, with Sudan and international war criminal nation israel just above. The united states is among the least peaceful nations in the world. Some two-dozen indicators were used, including wars fought in the past five years, violence, organized crime, arms sales, prison populations and incidence of crime.
In sum, the study/ranking confirms if not understates my own direct observation and experience with meaningfully lawless criminal america.

10 Most peaceful

1. Norway
2. New Zealand
3. Denmark
4. Ireland
5. Japan
6. Finland
7. Sweden
8. Canada
9. Portugal
10. Austria

The least peaceful

97. united states Violent Crime Up For Second Year
112: Angola
113. Ivory Coast
114. Lebanon
115. Pakistan
116. Colombia
117. Nigeria
118. Russia
119. Israel 'COUNTDOWN' TO ISRAEL'S END Yeah!
120. Sudan
121. Iraq

Former FBI head louie freeh, considered the most corrupt (and also the dumbest) director in FBI history, realizing it’s all coming back on him, the corrupt, incompetent jersey city boy, with few legitimate marketable skills, bought and paid for, cashed out and who endorses mob man Giuliani for 2008...

 

Judicial Watch
... friendly page For Immediate Release Oct 8, 2002 Contact: Press Office 202-646-5188 LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY Judicial Watch Lawsuits and Investigations Seek To Hold Him ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/2619.shtml - Click here

LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY
... For Immediate Release Oct 8, 2002 Contact: Press Office 202-646-5188 LOUIS FREEH WILL NOT ESCAPE ACCOUNTABILITY Judicial Watch Lawsuits and Investigations Seek To Hold Him Accountable ...
Description: no description
http://www.judicialwatch.org/printer_2619.shtml - Click here

Judicial Watch
... CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED AGAINST FORMER FBI DIRECTOR LOUIS FREEH NOTRA TRULOCK ALLEGES ILLEGAL FBI SEARCH AND SEIZURE IN RETALIATION FOR ARTICLE CRITICAL OF ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/1107.shtml - Click here

JUDICIAL WATCH VICTORY: APPEALS COURT ALLOWS CIVIL RIGHTS CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED AGAINST FORMER FBI DIRECTOR LOUIS FREEH
... CASE BY ENERGY DEPARTMENT WHISTLEBLOWER TO PROCEED AGAINST FORMER FBI DIRECTOR LOUIS FREEH NOTRA TRULOCK ALLEGES ILLEGAL FBI SEARCH AND SEIZURE IN RETALIATION FOR ARTICLE CRITICAL OF ...
Description: no description
http://www.judicialwatch.org/printer_1107.shtml - Click here

Judicial Watch
... BUSH ADMINISTRATION EFFORT TO BLOCK CIVIL RIGHTS SUIT AGAINST FORMER FBI DIRECTOR LOUIS FREEH BY ENERGY DEPARTMENT WHISTLEBLOWER NOTRA TRULOCK (Washington, DC) Judicial Watch also announced ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/1761.shtml - Click here

Judicial Watch
... Contact: Press Office 202-646-5188 SUPREME COURT RULES AGAINST FORMER FBI DIRECTOR LOUIS FREEH Judicial Watch Wins Victory on Behalf of Client Notra Trulock Case to Proceed to Discovery ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/2814.shtml - Click here

JUDICIAL WATCH VICTORIES
... BUSH ADMINISTRATION EFFORT TO BLOCK CIVIL RIGHTS SUIT AGAINST FORMER FBI DIRECTOR LOUIS FREEH BY ENERGY DEPARTMENT WHISTLEBLOWER NOTRA TRULOCK (Washington, DC) Judicial Watch also announced ...
Description: no description
http://www.judicialwatch.org/printer_1761.shtml - Click here

SUPREME COURT RULES AGAINST FORMER FBI DIRECTOR LOUIS FREEH
... Contact: Press Office 202-646-5188 SUPREME COURT RULES AGAINST FORMER FBI DIRECTOR LOUIS FREEH Judicial Watch Wins Victory on Behalf of Client Notra Trulock Case to Proceed to Discovery ...
Description: no description
http://www.judicialwatch.org/printer_2814.shtml - Click here

Judicial Watch
... directed against him by Clinton administration officials, former FBI Director Louis Freeh, and the now thoroughly discredited FBI. Trulock’s First Amendment rights were violated by ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/3431.shtml - Click here

JUDICIAL WATCH VICTORY: JUDGE ORDERS CIA TO PRODUCE TRULOCK DOCUMENTS FOR REVIEW
... directed against him by Clinton administration officials, former FBI Director Louis Freeh, and the now thoroughly discredited FBI. Trulock’s First Amendment rights were violated by ...
Description: no description
http://www.judicialwatch.org/printer_3431.shtml - Click here

Judicial Watch
... Circuit. This reinstated case involves Trulock's claims against former FBI Director Louis Freeh for violating his constitutional rights. “The Bush Justice Department feared that if the Trulock ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/1431.shtml - Click here

Judicial Watch
... wiretap warrant applications by FBI agents (signed-off by the former FBI Director, Louis Freeh) to the Foreign Intelligence Surveillance Act (FISA) Court. Prior to September 11th, SA Wright ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/2469.shtml - Click here

Judicial Watch
... waiting for documents to be produced by the government. Notra Trulock’s case against Louis Freeh was settled in early 2004. Notra Trulock’s case against Wen Ho Lee ended with a summary judgment ...
Description: Judicial Watch is a non-profit, public interest law firm dedicated to fighting government corruption.
http://www.judicialwatch.org/ntrulock.shtml - Click here

TRULOCK CASE AGAINST WEN HO LEE DISMISSED AT REQUEST OF PRESIDENT BUSH
... Circuit. This reinstated case involves Trulock's claims against former FBI Director Louis Freeh for violating his constitutional rights. “The Bush Justice Department feared that if the Trulock ...
Description: no description
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FBI AGENT ROBERT WRIGHT SAYS FBI AGENTS ASSIGNED TO INTELLIGENCE OPERATIONS CONTINUE TO PROTECT TERRORISTS FROM CRIMINAL INVESTIGATIONS AND PROSECUTIONS
... wiretap warrant applications by FBI agents (signed-off by the former FBI Director, Louis Freeh) to the Foreign Intelligence Surveillance Act (FISA) Court. Prior to September 11th, SA Wright ...
Description: no description
http://www.judicialwatch.org/printer_2469.shtml - Click here

Notra Trulock v. Wen Ho Lee, et al.
... waiting for documents to be produced by the government. Notra Trulock’s case against Louis Freeh was settled in early 2004. Notra Trulock’s case against Wen Ho Lee ended with a summary judgment ...
Description: no description
http://www.judicialwatch.org/printer_ntrulock.shtml - Click here

It's Year Five, Do You Know Where Your Senators Are? OpEdNews