1-26-12 POSTS 

 

[To today’s News / Topics]

 

 

 

U.S. economy grew at fastest pace in 18 months Nation’s on-and-off recovery picked up its pace again as the economy grew at a rate of 2.8 percent for the end of 2011. But employment numbers continue to lag, and this disconnect contributes to a sense of gloom. (Washington Post) [ Disconnects indeed, including this rather ebullient headline! I don’t even buy that, quite separate from what I believe to be ‘election-year-friendly’ but false jobs data, which is still bad ‘compared to what’.. There’s plenty of desperation to go around; but, that’s no excuse. Q4 GDP Misses Estimates, Inventory Stockpiling Accounts For 1.9% Of 2.8% Q4 US Economic Growth The US economy grew at a 2.8% annualized pace in the supposedly blistering fourth quarter, yet the number was a disappointment not only in that it missed estimates of 3.0% (and far higher whisper numbers) but when one looks at the components, where a whopping 1.94% of the upside was attributable to a rise in inventories as restocking took place. And as everyone knows in this day and age a spike in inventories only leads to sub-cost dumping a few months later. In other words, the economy grew at a 0.8% pace ex inventories. Yet for all intents and purposes, this is considered "growth." ,  Dave’s Daily: http://www.etfdigest.com   GEITHNER & BERNANKE WANT TO PUMP YOU UP January 25, 2012 [ Dave is ‘spot-on’ and really gets it right! Except, this is actually worse than a Ponzi scheme inasmuch as they are printing and debasing the ever more worthless fiat paper Weimar dollar currency for which there is ‘no free lunch’. Once again you’re paying for the frauds (including the churn-and-earn high frequency computerized trades) on wall street by the higher prices you pay as a direct consequence. This is a despicable, doomed to failure as previously despite obfuscation, government sponsored/sanctioned fraud. ]  ‘Geithner suggests the economy is getting stronger. Bernanke says the economic recovery is fragile. He elects to print more money to reinvest maturing Treasury bonds into more mortgage-backed securities. These securities will then mature and the Treasury indirectly will have to redeem them. This is a Ponzi-Scheme. And, while the Fed prints money, Bernanke states the U.S. should be reducing our fiscal debt. (He didn’t even blush.) Basically what he and his comrades want are higher prices for stocks and everything we buy in order to avoid the Japanese experience of deflation. ,   Dave’s Daily: http://www.etfdigest.com 1-26-12  ‘…phony CPI because authorities want you to pretend you neither use heating oil, gasoline or even food for that matter. They’ve reconfigured the CPI more times than congress votes on a new debt ceiling. And, they do this to deceive but also to lower entitlement spending. Imagine all those government workers on COLAs and Social Security recipients who just stare at their heating and electric bills in disbelief. What’s a nice T-bone cost nowadays anyway? It’s the dropping price of tech toys and quality improvements they focus on that matters now. Economic data was mostly disappointing versus estimates. Jobless Claims were up more than expected (377K vs 370 exp. & prior revised higher as usual to 356K); Durable Goods Orders also missed (+.3% vs +2.2% exp. & prior 4.3%); Leading Indicators missed (+.4% vs +.7% exp. & prior +.5%); and, New Home Sales also disappointed (307K vs 320K exp. & prior 314K prior)…’ ! ( After One Month Respite, Pink Slips Are Flying Again, Lies, Damned Lies, and (Unemployment) Statistics Mac Slavo | The actual unemployment rate in the United States is in excess of 22%.  NFP Payrolls At 200K, Expected At 155K; Unemployment Rate Drops To 8.5%, Labor Force Participation At Lowest Since 1984.. Yet the unemployment rate trickery still continues, with labor force participation (prior revised), now at a 27 year low of 64%, and the labor force itself declined by 50K from 153,937 to 153,887. In fact, persons not in the labor force have increased by 7.5 million since January 2007! Bottom line - dropping out of labor statistics is the new killing it.  http://www.albertpeia.com/laborparticipationrate.jpg ,  ) The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed!  Train Reading: The Stock Market Is (Criminally) Insane The Wall Street Journal  , [ STOCKS RALLY DESPITE BAD NEWS: Here's What You Need To Know Business Insider , http://albertpeia.com/22signsglobalrecessiondepression.htm  ] Much like the ‘floating on air’ stock price scenario that preceded the dot.com and most recent, continuing debacles, this global suckers’ rally is based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone, as suckers’ rallies ushered in the new year in a most preposterous fashion [Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html  http://albertpeia.com/forgetthejanuaryeffect.htm  , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 Mark Hulbert [ the frauds on wall street still shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! Mohammed El Erian gets this and to Frank Motek 1070am relates that he’s using the up moves to reduce risk assets / stocks / exposure, in other words, he’s selling the rallies which is sound advice. The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history  http://albertpeia.com/dowjonesindavghistory.htm  . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als.] with lingering intoxication an explanation as the printing presses and issuance of worthless insurmountable debt paper are in full throttle globally (a testament to global blindness as the blind follow the blind) making this impending disaster at this time an especially great opportunity to sell / take profits because there’s much, much worse to come! jersey-lautenberg based adp with 100% better than expectations private sector jobs number? Nobody thinks so (infra)! Scandal scarred commerce department data? Labor dept. ue claims / ue numbers? Only a fool believes what they say.The same for the conference board which came in with 100% better than expected consumer confidence, which is preposterous even taking into consideration the ‘ultimate bootstrap’ bubble stock price weighting in same. The lack of ‘politicians’ at S&P/Case/Shiller showed a different picture: ’house prices in 20 major metropolitan areas declined 1.2 percent on an unadjusted basis in October after falling 0.7 percent the prior month’. ( US Economic Data Reporting Now Officially A Farce: Every Economic Data Point Prints 4+ Std Devs Above Consensus Zero Hedge ) Watch for more fake reports / data / and spin in their infinite political desperation both here and across the sea, and suckers’ rallies to suck suckers in and keep suckers sucked in! [ ‘The Currency Wars’ http://www.albertpeia.com/rickardsgrantboltoninterviewvideo.htm  ,  David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending,  This is No Cyclical Recession… It is a Secular DE-pression MF GLOBAL EXPLAINED http://www.youtube.com/watch?v=jLt05sN7vK0&feature=player_embedded  [causal links between OTC derivatives, the financial crisis of 2008, Alan Greenspan, Robert Rubin, Larry Summers, Jon Corzine and MF Global, ‘Quantitative Easing Explained’  http://www.youtube.com/watch?v=PTUY16CkS-k  ,   Famed economist predicts economic calamity in 2012. See the evidence.   http://w3.newsmax.com/a/aftershockb/video.cfm   50% unemployment & 90% Dow crash also predicted. Newsmax   ,  Economic / Financial Collapse Imminent – Stansberry  Investment Advisory http://www.albertpeia.com/stansberrysinvestmentadvisory.flv    Harry Dent, Jr. Economy will be in a Depression by 2011 Dow will Fall to 3,800 – 4,500 by 2012 Nasdaq will Fall Below 1,100, its 2002 low, by late 2010 or mid-2012 at the latest. U.S. Dollar will Decline Housing will Decline by 40 – 60% from Today’s Levels Greatest Economic and Banking Crisis since the 1930s will Occur Between 2010 and 2012). , Goldman Turns Bearish: Squid Releases Top Trades For 2012... And It's Not Pretty the squid is bearish. Which is bad news , Market Rally Won't Last Long  Forbes ,  The Worldwide Depression/Recession Of 2012   Jeff Harding,  STOCKS RISE DESPITE MORE BAD NEWS: Here's What You Need To Know Business Insider Sam Ro ‘As Greece inches toward default and the sufficiency of Europe's EFSF bailout fund is called into question, everyone's worst nightmares of Europe's debt debacle escalating to a systemic crisis could be nearing reality. ‘ , The most accurate forecaster on the Street thinks stocks are going downAdam ParkerBloomberg Morgan Stanley's Adam Parker was crowned the most accurate forecaster when the S&P 500 closed 2011 within a handful of points of his year-end target of 1,238. His 2012 year end target calls for stocks to fall to 1,167.  He sees a global economic slowdown hitting corporate profits hard. , An eerie technical pattern is predicting the S&P plunges to 935Bank of America via Zero Hedge  Mary Ann Bartels, Bank of America's Head of Technical and Market Analysis , 935 is nothing; the S&P 500 will crash to 579.57United-ICAP's Walter Zimmerman (via WSJ's Tom Kilgore) is a technical analyst who has been looking at the charts and they're telling him that the S&P is headed for 579.57.  And there's one thing that'll cause the markets to tip: Europe. “If the history of debt tells us anything it is that one cannot solve a debt crisis by lending more money to the bankrupt and the insolvent,” Zimmerman says. , As it stands, the dollar is toast Laura4Smith Euro Pacific Capital's John Browne thinks the U.S. dollar will soon lose credibility, thanks to manipulation by the Fed. , Persistent delevering will cause the whole world to implode Bloomberg TV Bill Gross kicked 2012 with a particularly gloomy letter. , Home prices will fall another 20% Bloomberg In his latest note, Gary Shilling lays out his 20 investment themes for 2012.Theme #12 calls for home prices to continue plummeting, falling another 20% over the next several years.  This is on top of the 33% drop we've already seen. , Greece will hard default and bring everyone else down with it Nomura's permabear Bob Janjuah had some cheery things to say about Greece and it's effect on the markets."The real pain may only be seen in March, when I expect the hard Greece default to happen. In Q1 I expect the S&P will trade down to/below 1000, and core US, UK and German government Bond yields will be closer to 1.5% than 2%." , China is headed for a hardlanding SocGen's Albert Edwards thinks 2013 will be better than 2012.  But that's only because he believes 2012 could be the worst year ever. , The US economy is about to tank ECRI's Lakshman Achutan hasn't budged on his recession call, and he has been taking a lot of heat for it. Here's a quote from a recent press release (via Doug Short): "If you think this is a bad economy, you haven’t seen anything yet. And that has profound implications for both Main Street and Wall Street.", Graham Summers’ Weekly Market Forecast (Has the Can Hit the Wall? Edition)  http://gainspainscapital.com  January 17th, 2012  ‘As usual, bad news was released over the weekend when the least number of people are paying attention… The answer is a Crisis that will make 2008 look like a picnic.This is coming… it’s only a matter of when…’  17 Facts About The Decline Of The U.S. Auto Industry That Are Almost Too Crazy To Believe http://theeconomiccollapseblog.com  http://albertpeia.com/declineusautoindustry.htm   ( Warning Signs That We Should Prepare For The Worst   http://albertpeia.com/prepareforworst.htm ) Very few things illustrate how dramatically America has been deindustrialized than the stunning decline of the U.S. auto industry. ,  RealClearMarkets - Gary Shilling: New Global Recession Is Here (It’s actually a depression and no nation will be spared!) http://www.marketwatch.com/story/shilling-says-new-global-recession-is-here-2012-01-20?link=MW_story_popular By Howard Gold NEW YORK (MarketWatch) — ‘For most economists, the main question is whether we will have a new recession. For Gary Shilling, the only question is how big. , , INVESTORS, SKIP THE 'JANUARY INDICATOR' FOR STOCKS Jan. 26, 2012 http://www.marketwatch.com/video/asset/investors-skip-the-january-indicator-for-stocks-2012-01-26/D6D6B044-07E7-455A-A669-F97B87EE8452#!D6D6B044-07E7-455A-A669-F97B87EE8452 What's known as the "January indicator" says a positive month often yields gains for the year. But the indicator isn't what it's cracked up to be, according to Market Watch's Mark Hulbert , IfTheEconomyIsImproving…(Not!)...  http://albertpeia.com/economynotimproving.htm  ,  Market Preview: The Fed's Stealth Bailout of Europe TheStreet , I Present To You The First Probable US Commercial Real Estate Insolvency Of Many To Come Middleton : 01/26/2012 GGP part deux, as the hopium high sold by US regulators that allowed banks and borrowers to pretend bad loans were good wears off and reality sets in.. , Frontrunning: January 27 Durden on 01/27/2012 · Greek Debt Wrangle May Pull Default Trigger (Bloomberg) · Italy Sells Maximum EU11 Billion of Bills (Bloomberg) · Romney Demands Gingrich Apology on Immigration (Bloomberg) · China’s Residential Prices Need to Decline 30%, Lawmaker Says (Bloomberg) · EU Red-Flags 'Volcker' (WSJ) · EU Official Sees Bailout-Fund Boost (WSJ) · EU Delays Bank Bond Writedown Plans Until Fiscal Crisis Abates (Bloomberg) · Germany Poised to Woo U.K. With Transaction Tax Alternative (Bloomberg) · Ahmadinejad: Iran Ready to Renew Nuclear Talks (Bloomberg) · Monti Takes On Italian Bureaucracy in Latest Policy Push to Revamp Economy (Bloomberg) ,  Juncker Breaks Away From Propaganda Pack, Says Euro Default Will Lead To ContagionRoubini's Bearish Forecast Is Bullish For GoldHe said, “Rising commodity prices, uncertainty in the Middle East, the spreading European debt crisis, increased frequency of “extreme weather events” and U.S. fiscal issues are “persistent” problems that will continue to spur market volatility and sway asset prices in the global economy. This is great news for gold. Goldman Sachs noted in a report on Jan. 13th that futures will advance to $1,940 an ounce in 12 months.  Morgan Stanley forecasts the yellow metal will climb to a record of $2,175 by 2013, said analysts Peter Richardson and Joel Crane in their research report. , IceCap Asset Management: No Country For Old MenMost Canadian pension funds are banking on 7% annual returns forever. Over the next few years, this unrealistic expectation will cost the respective governments and companies millions in shortfalls. In the USA, the California Public Employees Retirement System assumes it will earn over 7.75% annual returns. This false hope will result in over $6 billion a year in lower than expected investment income, that will also have to be paid by the financially challenged state (ie. taxpayers). , Stephen Roach Explains How The Fed Is Pulling The Wool Over Our Eyes   ,  The Fed Cannot Move Without a Crisis… And One is Coming  http://gainspainscapital.com    January 26th, 2012 ‘Well the Fed disappointed as I stated it would. How anyone could be surprised by this is beyond me. The Fed was admitting that the consequences of QE rendered it less “attractive” as an option as far back as May 2011.Moreover, the last six months have shown the Fed to be relying heavily on verbal intervention rather than direct monetary intervention. Every FOMC meeting (and any time the market takes a dive) some Fed official steps forward and promises that the Fed stands ready to help if needed.The reasons for this are three fold: #1)  Why bother with monetary intervention when you can get the same effect from verbal intervention? #2)  The Fed is too politically toxic now to simply unveil a massive new monetary scheme without a Crisis hitting first. #3)  The Fed is well aware of the consequences of QE (higher food and gas prices) and while it focuses on CPI as the measure of inflation, the political pressure engendered by higher costs of living are certainly on the Fed’s radar. In plain terms, the bar for more QE is set much, much higher than the vast majority of analysts realize. The reason is that the Fed can no longer simply prime up the printing presses if the economy takes a dip.  , Median Single Family Home Price in Terms of Gold Jan 27th, 2012 (Chart of the Day) — Severely depressed real estate prices continue to be a concern for investors. For some perspective on the magnitude of the decline in home prices, today’s chart presents the median single-family home price divided by the price of one ounce of gold. This results in the home / gold ratio or the cost of the median single-family home in ounces of gold. For example, it currently takes a relatively low 105 ounces of gold to buy the median single-family home. This is dramatically less than the 601 ounces it took back in 2001. When priced in gold, the median single-family home is down over 80% from its 2001 peak, remains well within the confines of a six-year accelerated downtrend and remains very near its 1980 trough. http://albertpeia.com/housegold.gif  ,  The Man Without A Plan  http://theeconomiccollapseblog.com http://albertpeia.com/omanwithoutaplan.htm  ‘Barack Obama is a man without a plan.  , Newt Gingrich promises to build a moon colony by 2020; make it a U.S. state [ Wow! Absolute proof that the slimy newt’s not dealing with a full deck. Say anything? This takes the cake! The ‘idea man’? Sure, all he needs is Aladdin’s lamp and infinite capital! Oh yeah, reality nothwithstanding, nasa boondoggles sell well in Cape Canaveral, Florida (and Houston, Texas). Note, he couldn’t just ‘go to the moon for the first time’ (that fake video with the flag waving in the moon’s windy atmosphere yet another example as on fraudulent wall street of that pervasively addictive hopium) America’s debt woe is worse than Greece’s News (CNN) — ‘Our government is utterly broke. There are signs everywhere one looks…The government’s total indebtedness is $211 trillion . How pathetic and desperate, that slimy newt! ] ,   Why These Dow Losers Fell Motley Fool (Thu, Jan 26)[ Yes indeed, that horrifying ‘jersey/bush-texas att’, a big iphone subsidizer, showed a substantial loss.  Microsoft's Windows battles slack PC sales / profits fall – As regards the state of technology generally, and American particularly, I’m even far less sanguine than Peter Thiel who feels technology generally, is ‘wanting’. I also believe as he the iphone to be vastly overrated, underwhelming and ‘beat’ beyond the now ubiquitous touch screen, though more euphemistically said by Thiel (I am glad however that apple, my first computer –Apple IIC 1986 – has survived). I also believe american technology beyond the hype to be horrendous. The internet has been the biggest thing in terms of technological advance, and we all see what some cro-magnuns (at best) in washington are trying to do to that. See also, http://albertpeia.com/declineusautoindustry.htm   ]  , Notable ETF Outflow Detected - DIA, CAT, UTX, BA Forbes , Obama and Bernanke: Cooking Up Another Market Bubble?  { Indeed they are …one that will burst with 99.999% certainty! }  Forbes  James Marshall Crotty , Market Preview: A Huge Mistake  Michael Baron [ Huge mistake indeed! Inflation, vastly understated, including inflated stock prices the misguided goal of such bad economics as we’ve previously and are once again witnessing, is already surging and will get much Weimar worse! ]  ,  IMF TO GERMANY: EUROPE IS ON COURSE FOR DISASTER http://regator.com/p/254695398/imf_to_germany_europe_is_on_course_for , Market Now Pricing In $770 Billion Increase In Fed Balance SheetAnd The Winner Is...GoldYear-to-date, Gold is up an impressive 9.4%, significantly outpacing the S&P 500 at +5.6% and the disappointing 2% loss (in price) for the 30Y bond., T-Minus 11 Months Until Geithner ResignationEasily the best news of the day:GEITHNER SAYS OBAMA WOULDN'T ASK HIM TO STAY FOR A SECOND TERM , "Tying It All Together" with David RosenbergOur discussions (here, here, and here) of the dispersion of deleveraging efforts across developed nations, from the McKinsey report last week, raised a number of questions on the timeliness of the deflationary deleveraging process. David Rosenberg, of Gluskin Sheff, notes that the multi-decade debt boom will take years to mean revert and agrees with our views that we are still in the early stages of the global deleveraging cycle. , Bill Gross' Explains The FOMC Decision: "QE 2.5 Today, QE 3, 4, 5 … Lie Ahead"Fed Slashes Growth Outlook, Six Fed Officials Do Not See Rate Hike Until 2015This is just getting better and better: *FOMC: 2012 GROWTH AT 2.2%-2.7% VS 2.5%-2.9% IN NOV. FORECAST *ELEVEN OF 17 FED OFFICIALS SEE MAIN RATE ABOVE 0.25% IN 2014 *SIX OF 17 FED OFFICIALS SEE NO RATE INCREASE BEFORE 2015 *FOMC DOESN'T SET SPECIFIC LONG-RUN GOAL FOR EMPLOYMENT LEVEL Japan is now seriously blushing. As for the reality of the Fed's forecasts, they are absolutely worthless, so no point in even spending one minute on them. , Contrary to Widespread Claims, There Is NO EVIDENCE that Iran Is Building a Nuclear Weapon : George Washington : 01/25/2012 Even American military and intelligence chiefs admit this ... , FOMC adopts 2% inflation target Jan 25th, 2012 (FRB) [ Yeah, right! By printing more fiat paper currency. Inflations well in excess of 11% and going higher. ,  Fed set to push back timing of eventual rate hike Jan 25th, 2012 (Reuters) , Portugal Debt Insurance Costs Hit Record As Yields Rise Jan 25th, 2012 (Dow Jones) , ‘Portugal needs more bailout funds’ Jan 25th, 2012 (BusinessReport) , U.S. treasury raids federal employee pension funds to cover debts J. D. Heyes | Treasury stealing cash from federal employees pension funds so the government can obtain more credit to pay its debts. , Commercial Property Bubble: Anxiety Mounts Over 2012 Maturing Loans New York Times | Billions in commercial real estate loans made during boom year 2007 are coming due this year , The Demise of State Sovereignty: Pressures on the Euro Amidst Rising Debt Levels Bob Chapman | We announced our belief a few weeks ago that the Fed loan to the ECB could with fractional banking be $10 trillion. , 24 Facts That Show How Ridiculously Unfair Our Economy Is For Americans Under The Age Of 30 The American Dream | If you are an American under the age of 30, you have probably figured out by now that the entire economic system is stacked against you. , Goldman Stolpers Clients Again, This Time With Short Bond CallGoldman does it again. Whereas the exploits of one Tom Stolper are well known, and frankly much expected by the general community due to his infallible advice and 100% inverse track record, we did not realize just how pervasive his M.O. was within the broader firm. Now we do. As a reminder, on Monday Goldman came out with a recommendation to sell the 10 Year. "We are now of the view that a break to the upside, to 2.25-2.50%, is likely and recommend going tactically short. Using Mar-12 futures contracts, which closed on Friday at 130-08, we would aim for a target of 126-00 and stops on a close above 132-00."" This naturally generated a healthy dose of skepticism by Zero Hedge: " As a reminder, don't do what Goldman says, do what it does, especially when one looks the firm's Top 6 trades for 2012, of which 5 are losing money, and 2 have been stopped out less than a month into the year." Sure enough, anyone who did the opposite, i.e. buying the 10 year, has now returned +1.48% in three days. ,  Sorry Folks, Europe Is Not Fine… Not Even Close  http://gainspainscapital.com January 24th, 2012 ‘The financial world seems to have adopted the idea that things will somehow work themselves out in Europe. I don’t know if it’s because people don’t like to think about negative things or if someone sent out a memo to everyone that math doesn’t exist or count in Europe, but somehow investors seem to have decided that as long as we think positive thoughts everything will be fine. The reality is that every day, Europe is approaching a debt implosion. , S&P says likely to declare Greece in default Jan 24th, 2012 (Reuters) , IMF Cuts Global Growth Forecast and Predicts European Recession Jan 24th, 2012 10:30 by News 24-Jan (Bloomberg)   , SPX Update: Bears' Turn Now?    Jason Haver Jan 24, 2012 ‘Some key levels to watch for clues to the market's next move Read more: http://www.minyanville.com/businessmarkets/articles/elliott-wave-elliott-wave-theory-qe3/1/24/2012/id/39000#ixzz1kQu3zisgIn conclusion, with several rare, once-a-year (and some even less frequent) top indictors triggering recently, I have to continue to stay with the odds here. I believe there's a very reasonable chance that the top is now in place. , ARE WE ABOUT TO SUFFER A REPEAT OF 1937? — MARKET ANTHROPOLOGY  Tuesday, January 24, 2012 [Worse!] , http://theeconomiccollapseblog.com , APPLE BURNING THROUGH CASH IN FAILED ATTEMPTS TO CRUSH ANDROID By Mike Schuster    January 24, 2012 Read more: http://www.minyanville.com/dailyfeed/2012/01/24/apple-burning-through-cash-in/#ixzz1kRY1N6zT, Christine Lagarde Warns Of Global Depression If Governments Don’t Pay Up Wolf Richter | She never mentioned Germany and the US by name, but those were her prime targets., Fannie & Freddie Would Need Another $100 Billion From Taxpayers For Obama’s Proposed Mortgage Writedown Global Economic Trend Analysis | Fannie Mae and Freddie Mac have already cost US taxpayers over $200 billion. Report: Buffett's Railroad to Benefit from Obama Keystone Pipeline Rejection http://www.newsroomamerica.com/story/210153.html   By Jon E. Dougherty (Newsroom America) , The Fed Should Hire A MechanicThe “Transmission Mechanism” Is Broken. As the Fed debates what form of QE to launch on the world and whatever new communication strategies they are going to employ, maybe they should sit back and figure out why their policies seem to be doing so little.. they have failed and we think it is because they are clinging to two flawed assumptions - the wealth effect and the fact that low rates for banks means low rates for banks' customers..,  Are George Soros, The IMF And The World Bank Purposely Trying To Scare The Living Daylights Out Of Us?  [ Short answer: No! The crisis is real! ]   http://albertpeia.com/diretimesahead.htm [ Let me add that although I didn’t listen to / watch wobama’s b***s*** session (his words are absolutely worthless and as last time around, belied by his misguided deeds), I did pay attention to the intelligent, succinct, poignant Republican Response by Mitch Daniels, Gov. Indiana, and confidently say, if he so chooses the path, he will prospectively be President. A way his formidable background and talents could more quickly be brought to the fore would be a Ron Paul / Mitch Daniels ticket which would be a Mitch Daniels candidacy then Presidency in 2016. This would give the nation and the world ‘time to breath’ while recovering from wobama way of  failings / missteps. You can’t ignore Oliver Stone’s sagacious opinion in such matters as these. ( Oliver Stone: I Would Vote For Ron Paul Over Obama  Steve Watson | “He’s the only one who’s saying anything intelligent about the world”. ) His great film anthology speaks for itself and has ‘caught and treated’ some of the most significant, recent american historical ‘breakpoints’.] America After Dark: Desperate Meth Heads, Rampant Human Trafficking And Millions Of Criminal Predators Searching For A New Victim  http://albertpeia.com/americaafterdark.htm     ,    Greek Debt Deal Rejected As S&P Begins European Bank Downgrades 2012 Update: What Part III of the financial crisis will look like, http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN138/PR  , http://www.stansberryresearch.com , http://www.stansberryresearch.com/pro/1108PSINEWVD/PPSIN111/PR , http://www.albertpeia.com/stansberrysinvestmentadvisory.flv   , http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm , 10 Good And Bad Things About The Economy And Rosenberg On Whether This Isn't Still Just A Modern Day Depression Nothing Has Changed, But Bulls Are Becoming More Bullish    Forbes Charles Biderman, Contributor http://www.forbes.com/sites/investor/2012/01/23/nothing-has-changed-but-bulls-are-becoming-more-bullish/?partner=yahootix [ This article is an incisive yet brief look at the source of funds for the upside biased stock manipulation and an important read from Forbes / Biderman! ] , If The U.S. Government Keeps Spending Money Like This We Are Doomed And If The U.S. Government Stops Spending Money Like This We Are Doomed  http://theeconomiccollapseblog.com    http://albertpeia.com/doomed.htm  , Fannie, Freddie writedowns too costly: regulator WASHINGTON (Reuters) - The regulator for Fannie Mae and Freddie Mac told lawmakers that forcing the two mortgage firms to write down loan principal would require more than $100 billion in fresh taxpayer funds… [ In other words, like the fed, banks, fannie/freddie are carrying  worthless toxic assets ‘marked to anything’. ] , United Welfare States of America: In 2011 Nearly Half The Population Received Some Form Of Government BenefitInteractive Visual History Of Financial Crises Since 1810 - Note Where The Fed ArrivesAs the name implies. What is funny is how only after the advent of the Federal Reserve in 1913 did Financial crises expose increasingly more of world GDP to a crisis state. , The CDS Market And Anti-Trust ConsiderationsThe CDS index market remains one of the most liquid sources of hedges and positioning available (despite occasional waxing and waning in volumes) and is often used by us as indications of relative flows and sophisticated investor risk appetite. However, as Kamakura Corporation has so diligently quantified, the broad CDS market (specifically including single-names) remains massively concentrated. This concentration, evidenced by the Honolulu-based credit guru's findings that three institutions: JPMorgan Chase, Bank of America, and Citibank National Association, have market shares in excess of 19% each has shown little to no reduction (i.e. the market remains as closed as ever) and they warn that this dramatically increases the probability of collusion and monopoly pricing power. , Q&A On The Greek Restructuring, And Why It's All For Nothing"Would the restructuring make the Greek situation sustainable? No. Sorry, but no is the answer. “Super Broke Mario Brothers Kindly Request The ESM Be Doubled To €1 Trillion , Super Mario Brothers Super Denied: Schauble Tells Italy, ECB We Like You Just The Way You AreGraham Summers Weekly Market Forecast (Fed Up Yet? Edition) January 23rd, 2012 http://gainspainscapital.com ‘The market is rallying… again… on hopes of a Greek deal… and QE 3.This is the very same game we’ve been playing for over two years now. Greece is broke. Everyone knows it. The Greeks know it. Greek politicians know it. EU politicians know it. Even the IMF knows it. The only people who don’t seem to “get it” are stock investors , Why Isn’t Illinois A Bigger Story Than Greece? John Rubino | Illinois owes tens of billions to various investors, stakeholders and will clearly have to default on some , Gerald Celente on Trend Forecasting and the Crisis of Western Civilization  http://www.prisonplanet.com/gerald-celente-on-trend-forecasting-and-the-crisis-of-western-civilization.html  Daily Bell | The Daily Bell is pleased to publish this interview with Gerald Celente. [ http://albertpeia.com/celenteondeclinefallwesternciv.htm   ] ,  Greek Bondholder Talks Stalled, Agreement Unlikely By Monday DeadlineIndia Joins Asian Dollar Exclusion Zone, Will Transact With Iran In RupeesGlobal Deleveraging - You Are (Not) Here SOPA ShelvedAnd so following a massive groundswell of protest with the government's attempt to blatantly confiscate the First Amendment, SOPA quietly dies., Marc Faber Resumes Bloodfeud With Treasurys, Still Sees Entire Financial System Imploding The Stock Ramp Is Just More Deja Vu "Insanity" Warns Morgan StanleyWhen Morgan Stanley now agrees with most of what Zero Hedge has been saying (especially when it earlier announced that a short covering rally in the EURUSD is imminent, as we have been warning for the past two weeks), it may be time to get concerned. , Weren’t We Facing A Systemic Collapse a Few Months Ago? What’s Changed Since Then?  http://gainspainscapital.com  January 20th, 2012 ‘Investors are getting strangely bullish.If you’ll recall, the entire European banking system nearly imploded just 8 weeks ago. Things were so dire that we even had a coordinated Central Bank intervention among other measures to try and prop things up over there.The Powers That Be have since launched the Long-Term Refinancing Operation or LTRO: essentially a program through which European banks can borrow from the ECB at just 1% for up to a year… In this environment, the ability to borrow more money doesn’t accomplish anything from a balance sheet perspective. It’s simply a matter of common sense: you cannot solve a debt problem with more debt…, The Global Elite Are Hiding 18 Trillion Dollars In Offshore Banks http://theeconomiccollapseblog.com , Forget the “January Effect”… Instead Skousen http://www.investmentu.com/2010/December/january-effect-vs-siegel-indicator.html  http://albertpeia.com/forgetthejanuaryeffect.htm  [ The frauds on wall street are shootin’ for the superstitious so-called ‘January effect’ based on based on market frothing hopium for unaffordable, contraindicated, failed QE/wall street only welfare, bad news, fraud, b***s***, and desperation alone to suck suckers in and keep suckers sucked in! Don’t be their fool! The fundamentals/realities, current and prospective, are worse than ever. There are no systems/formulas for these unprecedentedly dire times. Don’t be their sucker! This is an especially great opportunity to sell / take profits because there’s much, much worse to come! Here’s a simple chart of the Dow’s history  http://albertpeia.com/dowjonesindavghistory.htm  . Keep in mind how lowly the dollar’s become in terms of purchasing power and relative to metals as ie., gold, etc.. Don’t be scammed by the frauds on wall street, et als., Gutsy Call - A Top Seems to Be Building   By Simon Maierhofer | ETFguide http://finance.yahoo.com/news/Gutsy-Call-A-Top-Seems-Be-etfguide-2174494942.html?x=0  , Dave’s Daily: http://www.etfdigest.com   BIG BLUE DOMINATES TRADING January 20, 2012  ‘Let’s not kid around, IBM is nearly an 11% weight in the price-weighted Dow Jones Industrial Average. What happens to it on any given trading day matters and can potentially mislead investors over the true performance of markets overall..breakdown of current weightings. http://i238.photobucket.com/albums/ff171/flyfry/new%20album/0120-1.jpg   http://albertpeia.com/dowstockweightings.jpg , IBM Accounts For The Entire Upward Move In Dow Jones Index TodayWondering why with the S&P and Nasdaq both down, the DJIA is up 60 points? Wonder no more: courtesy of a few strategic index-weighing calculations, IBM is responsible for 59.4 DJIA points, or virtually the entire up move in the most popular stock index. One company, the one which Warren Buffett so strategically picked last year to invest in, now biases the entire market to make it seem that "all is fine." , Greenspan's Laugh: Housing Bubble Indicator? [ Into the minds of madness! Who’s laughing now…they’re now widely known to be incompetent jokes! ] By contributors@theatlantic.com (Derek Thompson) | The Atlantic  In the infamous transcript of the Federal Reserve's first meeting in 2006, the word "[Laughter]" appeared at least 45 times. , Is This Why They Won’t Prosecute? Top Justice Officials Represented Big Banks, Freddie, Fannie Washington’s Blog | Obama’s Department of Justice isn’t prosecuting any big fish.     Dave’s Daily: http://www.etfdigest.com  ‘Thursday brought us better news on Jobless Claims as new claims fell (352K vs 383K consensus a prior revised higher as usual to 401K). The problem of course is with continuing claims and the number of people who have fallen off the rolls.The CPI was unchanged for the month and this gave bulls the idea another round of QE was in the works as early as this month. The Philly Fed Survey was a disappointment and miss (7.3 vs 10 expected and previous at 10.5). Housing Starts declined (.657M vs .678M expected and previous .685M).Other news noted the ECB buying €50 billion of sovereign debt in the eurozone. Still the idea of an extra $500 billion IMF bailout (bringing the total to nearly $1 trillion) lingers even as it’s already been shot down given necessary U.S. congressional approval. , Michael Krieger Summarizes "The Building Tension"The reason I don’t write about markets so much anymore is because I don’t believe there are markets any longer. Sure there are flashing prices on the screens for various assets and those can be addicting to look at on a daily basis, but I think these “markets” are now merely a mechanism for government propaganda and a method to ultimately fleece more money from the uniformed masses that play in it by the casino operators and their puppets in government. , Print-Or-Panic, TrimTabs On The Market's MeltupAs retail investors continue to appear significantly pessimistic in their fund outflows ($7.1bn from US equity mutual funds in w/e January 4th - the largest since the meltdown in early August) or simply stuff their mattresses, David Santschi of TrimTabs asks the question, 'who is pumping up stock prices?' , Bob Janjuah: "Payback For The Rally Is Coming In Q2"Bob "The Bear" Janjuah may appear a little greyer than his previous appearance on Bloomberg TV but his thoughts on the 'weaker-for-longer' recovery are as clarifying as ever as he sees Q2 as payback time for the misunderstanding of a mini US business cycle as a real sustainable recovery. Noting that the LTRO does not fix Europe, he sees the worst still ahead for the 'Eurozone mess'… Bob notes that we are simply not addressing growth or solvency and Q2 will be the payback (looking for a 1000 print in the S&P 500 index by quarter-end) for the policy- and liquidity-driven rally we are undergoing. , Fed Back To Its Secretive Ways, Sells $7 Billion In Maiden Lane Assets Directly To Credit Suisse Without Public AuctionKeystone Aftermath Arrives: Canada Pledges To Sell Oil To Asia, As US Becomes Source Of "Uncertainty"America's loss is China's gain. ,  Senate Minority leader speaks out against anti-piracy bill , Google's results fall short, rare miss pummels shares Reuters , Photography pioneer Kodak files for bankruptcy ,China manufacturing contracts for third month  , Sundance opens with eye on broken American dreams  , McAfee software bug could turn customers' PCs into spam servers (Reuters) ,  [video] Bullish Trend Not Backed By Volume TheStreet ,  Debt Crisis Worsens, Stocks Up Anyway http://www.buzzbox.com/news/2012-01-19/fitch-ratings:russia/?clusterId=7993066  By Ian Wyatt: Russia is the latest victim of the global debt crisis. , What were Neanderthals like to hang out with? — New Scientist   http://www.newscientist.com/article/mg21328470.400-into-the-mind-of-a-neanderthal.html?full=true   http://albertpeia.com/neanderthals11812.htm  ,   Warning Signs That We Should Prepare For The Worst   http://theeconomiccollapseblog.com    http://albertpeia.com/prepareforworst.htm  ‘The warning signs are all around us.  All we have to do is open up our eyes and look at them.  Almost every single day there are more prominent voices in the financial world telling us that a massive economic crisis is coming and that we need to prepare for the worst.  On Wednesday, it was the World Bank itself that issued a very chilling warning.  In an absolutely startling report, the World Bank revised GDP growth estimates for 2012 downward very sharply, warned that Europe could be on the verge of a devastating financial crisis, and declared that the rest of the world better "prepare for the worst." , "Apocalypse How? Dire ’12 Forecasts" The chorus of astute, prudent voices warning about the next great financial crisis grows by the day.. profiled in a Bloomberg article http://albertpeia.com/realisticallynegativeforecasts.htm , Dave’s Daily: http://www.etfdigest.com FEAR OF BEING LEFT BEHIND  January 18, 2012 ‘The primary news pushing stocks higher Wednesday was hard to put together. Some were pleased by eurozone reports the IMF was proposing to add $500 billion to the bailout facility bringing the total to nearly $1 trillion. Such a move would require congressional approval if we still have a constitution and the rule of law. Anyway, that idea was shot down by the U.S. Treasury. , 112 Questions To Ask Yourself In 2012   http://theeconomiccollapseblog.com  http://albertpeia.com/112questions.htm ‘,"No Deal" - Greek Bondholders Do Not Think Agreement Can Be Reached Before "Crunch Date"Bloomberg On The Worst Start In Years For EarningsObama Blames Republicans For Keystone XL DecisionThe big news of the day, aside from the idiot rally finally being back on full bore, is that the Obama administration finally pushed Canada's hand in telling it to sell its crude to China instead of the US, which we are confident it will gladly do. Much of this was largely priced on, as was the fact that opportunity for significant job creation was just kicked to the curb. , Guest Post: The Final CountdownOne reason for the severity of the financial crisis, and the losses incurred by banks, is that bankers and financial analysts were using linear tools in a non-linear, highly complex environment otherwise known as the financial markets.The models didn’t work. The problem we face now as investors will end up being existential for some banking institutions and sovereigns. Our (uncontentious) core thesis is that throughout the west, more debt has been accumulated over the past four decades than can ever be paid back., Obama Kills Keystone XL PipelineWho needs actual jobs when you can have crony solar companies which go tits up in under 2 years at a cost to taxpayers of over half a bill. , Why Would the Fed Launch QE 3? I continue to see commentators claiming QE 3 is just around the corner. I don’t see how this is possible because all of the Fed’s excuses for more QE are no longer valid. , Past May Be Prologue, But I Just Warned Of A Central European Depression 2 Years Ago  Reggie Middleton 01/18/2012 , Germany’s Fed Up and Getting Ready to Walk   http://gainspainscapital.com January 18th, 2012 , Why Tops are More Difficult to Call than Bottoms - Why a Top Seems Imminent  Simon Maierhofer , Treasury dips into pension funds to avoid debt Reuters | Treasury started dipping into federal pension funds to give Obama administration more credit to pay government bills., Greece Is Insolvent, Will Default on Debt: Fitch Bloomberg | Greece is insolvent and probably won’t be able to honor a bond payment in March. , Ack! They Are Actually Going To Let Greece Default!    http://theeconomiccollapseblog.com      http://albertpeia.com/letgreecedefault.htm    , Fannie CEO Michael Williams To Quit After 2 Years, Pockets Millions After Receiving $60 Billion In Bail Out CashLagarde to Meet Merkel as Debt Pressure Rises Jan 10th, 2012 (Bloomberg) , Soros Says Europe’s Debt Woes ‘More Serious’ Than 2008 Crisis Jan 10th, 2012 (Bloomberg) , http://albertpeia.com/lloydswallofworry11012.htm ,     Three Reasons Why 2012 Is Shaping Up to Be a Disaster  http://gainspainscapital.com January 11th, 2012  ‘..stocks continue to rally despite Europe being on the verge of Collapse. Once again, investors are forgetting that stocks are the most clueless asset class on the planet… this latest stock market rally isn’t to be trusted.. 1) Volume has fallen from awful to absolutely horrendous.. 2) Bonds are forecasting an event worse than 2008.. 3) The likelihood of more juice coming from the Fed is getting lower by the day.. bernanke himself admitted that QE has become less “attractive” as a monetary policy. “The trade-offs are getting — are getting less attractive at this point. Inflation has gotten higher. Inflation expectations are a bit higher. It’s not clear that we can get substantial improvements in payrolls…” ‘ , 24 Statistics To Show To Anyone Who Believes That America Has A Bright Economic Future  http://albertpeia.com/24statisticsusfuturenotbright.htm  ,  http://theeconomiccollapseblog.com   ‘Beware of bubbles of false hope.  Right now there is a lot of talk about how the U.S. economy is improving, but it is all a lie.  The mainstream media can be very seductive… , Dire predicament, forecast, time to ‘get out of Dodge’  http://albertpeia.com/forecastusdebtgetoutofdodge.htm  ,   22 SIGNS THAT WE ARE ON THE VERGE OF A DEVASTATING GLOBAL RECESSION   http://theeconomiccollapseblog.com    http://albertpeia.com/22signsglobalrecessiondepression.htm  , Bam! Bam! Bam! Huge Financial Bombs Just Got Dropped All Over Europe http://theeconomiccollapseblog.com  ‘The European debt crisis has just gone to an entirely new level.  http://albertpeia.com/financialbombsovereu.htm … Yesterday I wrote about 22 signs that we are on the verge of a devastating global recession, and unfortunately that list just got a whole lot longer… http://albertpeia.com/22signsglobalrecessiondepression.htm  , Is the Fledgling 2012 Rally a Fake-Out Breakout?  1-13-12 Simon Maierhofer | ETFguide [ Yes! ] , S&P downgrades nine euro zone countries BERLIN/ATHENS (Reuters) , JPM Explains Why The US Economy Is About To Hit A Brick Wall  Data Shows QQQ Has Declined 10% From January High 91% of the Time Minyanville James Debevec Jan 13, 2012 , The Real Dark Horse - S&P's Mass Downgrade FAQ May Have Just Hobbled The European Sovereign Debt MarketFaber's Latest Rant On Global Monetization WarsIt's Official: France Cut To AA+ From AAA By S&P, Outlook NegativeEveryone Hates The Euro - EUR Shorts Hit New Record HighGuest Post: Habituating to ContractionGreek Debt Likely Unsustainable Even With Haircuts, Barclays Complete Q&A On PSIGuest Post: The Correlation Of Laughter At FOMC Meetings Five years on, the powers that be have just released the transcripts of the Fed's FOMC (Federal Open Market Committee) meetings from 2006.  Putting hindsight economic analysis aside, you quickly realize more than anything else: the committee is full of burgeoning comedians! Commentators have already highlighted the "humor" of the FOMC meetings, but it is really over the top at times.  There are periods where Greenspan seems only capable of speaking in witty quips. That's right, the FOMC was laughing all the way to …’ , Are The Middle East Wars Really About Forcing the World Into Dollars and Private Central Banking? George Washington 01/13/2012  Are countries which want to trade in their own currencies or to own their own central banks getting spanked ? , VeRY SuPeRSTiTiouS... williambanzai7 01/13/2012 - 14:17 There is a fifth dimension beyond that known to PhDs...It is the middle ground between science and superstition...next stop, the Ponzi Zone... , The Worst Economic Recovery Since The Great Depression Forbes Tom Aspray ‘Every high-flying market is bound to find patches of rough air, and the charts show a potential decline is in store. , S&P on Italy: Borrowing is Going to Be Tough for a While The Wall Street Journal , Standard & Poor’s Just Getting Started  13 Jan 2012  S&P has also notified other European governments of looming ratings downgrades ,  Is the Federal Reserve Duping Investors? Minyanville Todd Harrison  Jan 13, 2012 Buried information begins to emerge. Read more: http://www.minyanville.com/businessmarkets/articles/todd-harrison-todd-harrison-minyanville-todd/1/13/2012/id/38829#ixzz1jPaeva5I , Train Reading: What Walken Has Learned The Wall Street Journal  Mark Gongloff , STOCKS SLIDE, FRANCE DOWNGRADED, GREECE NEARS DEFAULT: Here's What You Need To Know Business Insider , Secondary Sources: Roubini on 2012 Risks, Fewer Americans Thriving, Central Bankers' MIT Connections The Wall Street Journal  Phil Izzo , MF Global May Not Be Able to Pay Clients Back: Trustee Reuters | The trustee hunting for funds missing from their accounts has no immediate plans to transfer more money to them.  , ECRI Leading Index Still Rolling Over The Wall Street Journal   Mark Gongloff http://s.wsj.net/public/resources/images/OB-RJ429_ecri_D_20120113104547.jpg ECRI weekly leading index rolling growth rate. Since this is Bad News Friday, let’s get this out of the way: The ECRI’s weekly leading index is falling again.… Even though the ECRI has declared a recession is on the way in the first half of 2012, this weekly index is not what they use to make that call. They use some longer-term indexes they only show to people who pay big money for a peep….’

 

 

 

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Why Marco Rubio is an attractive running mate (Washington Post) [ Indeed he is! You’re preachin’ to the choir here! I was somewhat resistant to such notion having thought he was italian (along with that certain 18% black vote, wobama similarly seems to have the italian vote locked up, ie., panetta, cuomo, pelosi, etc.). Moreover, as a Latino / Hispanic, he’d be an historic first. That said, now I’ll read the article; in the alternative to:  this scenario - GOP reactions reflect party divisions Indiana Gov. Mitch Daniels makes official response, but Romney and Cain also offer their takes. (Washington Post) [   Are George Soros, The IMF And The World Bank Purposely Trying To Scare The Living Daylights Out Of Us?  [ Short answer: No! The crisis is real! ]   http://albertpeia.com/diretimesahead.htm  http://albertpeia.com/40piecesevidenceusdecline.htm , http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm , http://albertpeia.com/50economicnumbersofuscollapse.htm  .  [ Although I didn’t listen to / watch wobama’s b***s*** session (his words are absolutely worthless and as last time around, belied by his misguided deeds), I did pay attention to the intelligent, succinct, poignant Republican Response by Mitch Daniels, Gov. Indiana, and confidently say, if he so chooses the path, he will prospectively be President. A way his formidable background and talents could more quickly be brought to the fore would be a Ron Paul / Mitch Daniels ticket which would be a Mitch Daniels candidacy then Presidency in 2016 (Ron Paul would have to understand that’s the way it would be in ’16). This would give the nation and the world ‘time to breath’ while recovering from wobama way of  failings / missteps. You can’t ignore Oliver Stone’s sagacious opinion in such matters as these. ( Oliver Stone: I Would Vote For Ron Paul Over Obama  Steve Watson | “He’s the only one who’s saying anything intelligent about the world”. ) His great film anthology speaks for itself and has ‘caught and treated’ some of the most significant, recent american historical ‘breakpoints’.]

 

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

 

 

Europe at war with Iran Pepe Escobar | No one ever lost money betting on the foolishness of European Union (EU) politicos. [ It’s really true! They are incredibly dumb / foolish; and, it’s now chrystalline clear that they always will opt for snatching defeat from the jaws of victory. It didn’t have to be this way for failed europe. ]

 

 

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Krauthammer: The president plays small ball (Washington Post) [ Small ball at best! Hes an abject failure! The Man Without A Plan  http://albertpeia.com/omanwithoutaplan.htm  Barack Obama is a man without a plan. 

The Man Without A Plan

http://theeconomiccollapseblog.com

Barack Obama is a man without a plan.  When you are young, they often tell you to "fake it until you make it", but Barack Obama is taking this to ridiculous extremes.  Barack Obama has absolutely no idea what he is doing when it comes to the economy, and yet he continues to give speeches in which he declares that he is the man for the job.  The State of the Union speech the other night was just abysmal.  The federal government is spending way too much money, and yet Barack Obama is proposing even more government spending.  Entrepreneurs and small businesses are being taxed into oblivion and yet Barack Obama is proposing even higher taxes.  Our economy is being strangled to death by crippling regulations, and yet Barack Obama is proposing a vast array of new regulations.  Barack Obama always gives a nice speech, but it has become appallingly evident that he is totally out of ideas.  So our country will continue to drift aimlessly along without a direction and without a plan until the next financial tsunami comes along and makes things even worse.

And the American people are starting to clue in to the fact that Obama does not have a plan and does not have anything new to say.  Just check out how the audiences for his State of the Union addresses have declined each year....

2009: 52.3 million

2010: 48 million

2011: 42.8 million

2012: 37.8 million

His ratings are falling almost as fast as the ratings for American Idol are.

It is amazing how Barack Obama can use so many words to say so very little.

He always tickles our ears but then he never delivers the goods.  Toward the beginning of his speech the other night, he made the following statement....

"Tonight, I want to speak about how we move forward, and lay out a blueprint for an economy thats built to lastan economy built on American manufacturing, American energy, skills for American workers, and a renewal of American values"

Well, that sounds pretty good.  Except for the fact that everything he has done for the past 3 years has been the exact opposite of that.

It is almost as if he woke up that morning and decided that he would try the whole "do the opposite" thing once made famous by George Costanza on Seinfeld.

Obama says that our employment situation is getting better, but that is not really true.  The only way that the federal government can claim that there is an 8.5 percent unemployment rate is because they have decided that millions of Americans that have been unemployed for a long time should not be considered "part of the workforce" any longer.

If the number of Americans that were considered to be part of the workforce was the same today as it was back in 2007, the "official" unemployment rate put out by the U.S. government would be up to approximately 11 percent.

Sadly, the number of Americans that are dependent on the government continues to soar even higher.

Since Barack Obama took office, the number of Americans on food stamps has actually increased by 14 million.

Things have not gotten better for average Americans.

They have gotten worse.

In fact, 10 million more Americans have fallen below the poverty line since 2006.  And in 2010, more Americans fell into poverty than ever before.

A lot of people out there are really hurting, and the American people deserve some real answers.

But instead, Obama was saying stuff like this the other night....

"I intend to fight obstruction with action, and I will oppose any effort to return to the very same policies that brought on this economic crisis in the first place"

Oh really?

What is Obama actually doing about the things that caused the last financial crisis?

The "financial reform" bill was a complete and total joke.  Obama has been shamefully soft on the big Wall Street banks that caused the last crisis.

Today, the "too big to fail" banks are larger than ever.  The total assets of the six largest U.S. banks increased by 39 percent between September 30, 2006 and September 30, 2011.

So now they are more of a danger to the financial system than ever.

And not a single Wall Street executive has gone to jail for what they did during the last financial crisis.

Thanks Obama.

But of course Obama was never going to seriously go after Wall Street.

After all, they are the ones that fund his campaigns.

Most Americans don't realize this, but 3 of the top 7 donors to Obama's campaign in 2008 were "too big to fail" banks.

And the Obama administration has been absolutely packed with ex-Wall Street bankers.  Last year, Michael Brenner wrote the following about the composition of the Obama administration....

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

During his State of the Union address, Obama also promised to bring manufacturing jobs back to America....

"Think about the America within our reach: A country that leads the world in educating its people. An America that attracts a new generation of high-tech manufacturing and high-paying jobs"

That sounds great, except for the fact that Obama has been doing everything he can to get more American jobs shipped out of the country.

The Obama administration has been aggressively pushing new "free trade" agreements with Panama, South Korea and Colombia.  The Obama administration has also made the Trans-Pacific Partnership ("the NAFTA of the Pacific") an extremely high priority.

And of course we have all seen how wonderfully the first NAFTA worked out.

Our "free trade" policies have been an absolute nightmare for the American worker.

During 2010, an average of 23 manufacturing facilities a day shut down in the United States.  Overall, more than 56,000 manufacturing facilities in the United States have shut down since 2001.

We are bleeding jobs at a pace that is hard to believe.

Amazingly, the United States has lost an average of 50,000 manufacturing jobs a month since China joined the World Trade Organization in 2001.

Yet Obama promises more of the same and that is  supposed to help?

During his speech, Obama correctly noted that many foreign manufacturers are heavily subsidized....

"It's not fair when foreign manufacturers have a leg up on ours, only because they're heavily subsidized"

So are we going to deeply penalize those that have been cheating?

Are we going to warn them that we will stop trading with them unless they stop?

Of course not.

Obama is going to do next to nothing to stop what China and other predatory nations are doing to us.

Today, the United States spends approximately 4 dollars on goods and services from China for every one dollar that China spends on goods and services from the United States, and the U.S. trade deficit with China in 2010 was 27 times larger than it was back in 1990.

But the Obama administration doesn't seem to care much about these things.

In fact, just check out what U.S. Trade Representative Ron Kirk told Tim Robertson of the Huffington Post about the Obama administration's attitude toward keeping manufacturing jobs in America....

Let's increase our competitiveness... the reality is about half of our imports, our trade deficit is because of how much oil [we import], so you take that out of the equation, you look at what percentage of it are things that frankly, we don't want to make in America, you know, cheaper products, low-skill jobs that frankly college kids that are graduating from, you know, UC Cal and Hastings [don't want], but what we do want is to capture those next generation jobs and build on our investments in our young people, our education infrastructure.

Oh, but Obama now says that he is going to toughen up on trade....

"I'm announcing the creation of a Trade Enforcement Unit that will be charged with investigating unfair trading practices in countries like China. There will be more inspections"

Oh boy - "inspections" - yeah, that is really going to have the Chinese shaking in their boots.

Meanwhile, the Chinese just keep hitting us with new tariffs.  According to the New York Times, a Jeep Grand Cherokee that costs $27,490 in the United States will now cost about $85,000 in China thanks to these new tariffs.

So is Obama going to hit China with tough new tariffs in return?

Of course not.

Meanwhile, our economy continues to bleed businesses and jobs.  According to Professor Alan Blinder of Princeton University, 40 million more U.S. jobs could be sent offshore over the next two decades if current trends continue.

But if you listen to Obama, he makes it seem like many of our industries are in better shape than ever....

"We bet on American ingenuity, and tonight the American auto industry is back."

Yes, the American auto industry is no longer on the brink of bankruptcy, but it is not "back".  Just consider the following stats....

*In 1970, General Motors had about a 60 percent share of the U.S. automobile market.  Today, that figure is down to about 20 percent.

*Back in 2000, about 17 million new automobiles were sold in the United States.  During 2011, less than 13 million new automobiles were sold in the United States.

*Japan builds more cars than anyone else on the globe.  Japan now manufactures about 5 million more automobiles than the United States does.

*Since Alan Mulally became CEO of Ford, the company has reduced its North American workforce by nearly half.

*In the year 2000, the U.S. auto industry employed more than 1.3 million Americans.  Today, the U.S. auto industry employs about 698,000 people.

Obama bailed out the auto industry, and they responded by sending even more of our jobs overseas.

During his speech, Obama declared that there will be no more bailouts....

"No bailouts, no handouts, and no copouts."

That is kind of funny because Obama is basically the all-time champion of handing out bailouts.

If Barack Obama and John McCain had not aggressively pushed for the Wall Street bailouts back in 2008, they never would have happened.

And once Obama became president, there was a seemingly endless parade of bailouts and "stimulus packages".

So what do you honestly think he will do when the next financial crisis happens?  Do you think he would actually be able to resist the temptation for more bailouts?

Obama also says that he wants to spend more money on training for American workers....

"Join me in a national commitment to train two million Americans with skills that will lead directly to a job."

But the American people already have enough training.  There are tons of college-educated Americans that are among the ranks of the unemployed right now.

What the American people need are jobs.

Unfortunately, jobs are leaving this country at an unprecedented pace.

Back in the year 2000, more than 20 percent of all jobs in America were manufacturing jobs.  Today, about 5 percent of all jobs in America are manufacturing jobs.

Not only that, but our incomes are also going down.  Because U.S. workers now have to compete for jobs with workers that make slave labor wages on the other side of the globe, pay in this country continues to decline.

A recent White House reported entitled "Investing in America: Building an Economy That Lasts" actually bragged that our trade policies have driven wages in America down.  The following chart is from that report....

http://albertpeia.com/omanwithoutaplan_files/image001.jpg  

The Obama administration has been very good for the largest corporations.

For the rest of us, not so much.

But Obama now says that he wants America to be a place that encourages entrepreneurs and small businesses to thrive....

"It means we should support everyone whos willing to work; and every risk-taker and entrepreneur who aspires to become the next Steve Jobs."

Unfortunately, the reality is that the federal government is strangling entrepreneurs and small businesses to death with taxes and crippling regulations.

According to the Bureau of Labor Statistics, 16.6 million Americans were self-employed back in December 2006.  Today, that number has shrunk to 14.5 million.

That is not a good trend.

And right now small businesses are extremely hesitant to bring on new workers.

One recent survey found that 77 percent of all U.S. small businesses do not plan to hire any more workers in the coming year.

So obviously what the Obama administration is doing is not working.

During his speech, Obama also spoke of developing our own energy resources....

"A future where we are in control of our own energy, and our security and prosperity aren't so tied to unstable parts of the world."

Hopefully most of those watching laughed when they heard this, because this had to have been a joke.

America is absolutely swimming in oil and natural gas, and yet the Obama administration has blocked the development of those resources at every turn.

Instead, Obama has been very busy trying to push green energy companies on us, but they have had a nasty habit of going bankrupt.

During his speech, Obama also spoke of the need for "comprehensive immigration reform".

But apparently Obama's idea of "immigration reform" is to grant "backdoor amnesty" to the vast majority of the illegal immigrants in the United States and to continue to leave our borders completely wide open.

The consequences of such a policy are very serious.  As I wrote about the other day, there are now 1.4 million gang members living inside the United States, and that number has risen by an astounding 40 percent since 2009.

The last thing we need is more "immigration reform" from Barack Obama.

Of course the "class warfare" part was the centerpiece of Obama's speech the other night.

Referring to it as the "defining issue of our time", Obama said that now is the time to hit the wealthy with higher taxes....

"We can either settle for a country where a shrinking number of people do really well, while a growing number of Americans barely get by. Or we can restore an economy where everyone gets a fair shot, everyone does their fair share, and everyone plays by the same set of rules."

This is going to be what Barack Obama is going to base his entire 2012 campaign on.  He is going to try to tap into the economic frustrations of the poor and the middle class and he is going to try to get them to blame the rich and the "party of the rich" (the Republicans).

But taxing the rich is not going to solve our problems.  If Bill Gates donated his entire fortune to the U.S. government, it would only cover the U.S. budget deficit for about 15 days.

The truth is that the ultra-wealthy are always several steps ahead of the U.S. government.  The global elite are hiding 18 trillion dollars in offshore banks, and they are absolute experts at avoiding taxes.

No, the people that always get hit when taxes are raised are small business owners that try to do things "by the book" and middle class families that are barely scraping by.

What we need to do is to get rid of the income tax system entirely.  It is deeply corrupt and it is full of thousands of loopholes.

Trust me, I know.  I used to study this stuff.

But Obama seems to think that taxing the rich is the solution to all of our problems....

"We dont begrudge financial success in this country. We admire it. When Americans talk about folks like me paying my fair share of taxes, its not because they envy the rich. Its because they understand that when I get tax breaks I dont need and the country cant afford, it either adds to the deficit, or somebody else has to make up the difference like a senior on a fixed income; or a student trying to get through school; or a family trying to make ends meet. Thats not right. Americans know its not right. They know that this generations success is only possible because past generations felt a responsibility to each other, and to their countrys future, and they know our way of life will only endure if we feel that same sense of shared responsibility. Thats how well reduce our deficit."

Oh really?

If we just accept Obama's plan the deficit will be fixed?

That worked out so well during his first term.  During the first three years of the Obama administration, the U.S. government accumulated more debt than it did from the time that George Washington took office to the time that Bill Clinton took office.

The truth is that Obama does not plan to fix anything.  Barack Obama's proposed 2012 budget projects that the national debt will rise to 26 trillion dollars a decade from now.  And his budget numbers are ridiculously optimistic.

Not that our tax system does not need reform.

If we are going to have an income tax system (which we should not), then it should at least be fair.

There is no way in the world that General Electric and Mitt Romney should pay a lower tax rate than you and I do.

In a previous article, I noted some of the big corporations that have made enormous profits and yet have paid less than zero in taxes in recent years....

What U.S. corporations are able to get away with is absolutely amazing.

The following figures come directly out of a report by Citizens for Tax Justice.  These are combined figures for the tax years 2008, 2009 and 2010.

During those three years, all of the corporations below made a lot of money.  Yet all of them paid net taxes that were below zero for those three years combined.

How is that possible?  Well, it turns out that instead of paying in taxes to the federal government, they were actually getting money back.

So for these corporations, their rate of taxation was actually below zero.

If you have not seen these before, you are going to have a hard time believing some of these statistics.....

*Honeywell*

Profits: $4.9 billion

Taxes: -$34 million

*Fed Ex*

Profits: $3 billion

Taxes: -$23 million

*Wells Fargo*

Profits: $49.37 billion

Taxes: -$681 million

*Boeing*

Profits: $9.7 billion

Taxes: -$178 million

*Verizon*

Profits: $32.5 billion

Taxes: -$951 million

*Dupont*

Profits: $2.1 billion

Taxes -$72 million

*American Electric Power*

Profits: $5.89 billion

Taxes -$545 million

*General Electric*

Profits: $7.7 billion

Taxes: -$4.7 billion

Are you starting to get the picture?

Hopefully we can all agree that there is something seriously wrong with those numbers.

But fixing holes in the tax system is one thing - blaming America's economic ills on the wealthy is another.

During his speech, Obama made the following statement....

"You can call this class warfare all you want"

And yes, we will hear the term "class warfare" over and over again for the rest of 2012.

Obama actually believes that "blaming the 1%" can get him sent back to the White House again.

But that isn't going to solve any of our problems.

Instead, we should be focusing on the root causes of our economic problems.

I would love to see a president get up during a State of the Union address and declare that we need to shut down the Federal Reserve.

Since the Federal Reserve was created in 1913, the U.S. dollar has lost over 95 percent of its purchasing power.

Since the Federal Reserve was created in 1913, the U.S. national debt has gotten more than 5000 times larger.

Thanks to the debt-based Federal Reserve system, we are going into debt at a pace that is unlike anything the world has ever seen.

Right now, the federal government is stealing 150 million dollars an hour from our children and our grandchildren.

But Barack Obama loves the Federal Reserve.

In fact, he actually nominated Ben Bernanke for a second term as Federal Reserve Chairman even though Bernanke has a track record of incompetence that is legendary.

So no, nobody should be applauding Barack Obama for his absolutely abysmal speech the other night.

He is a man without a plan and he has been an absolute disaster for America.

 

 

 

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

 

 

 

Gingrich turns to advisers who believe supply-side economics is the answer Advisers believe solution to nation’s deficit is to spur growth through tax cuts and deregulation. (Washington Post) [ Oh riiiiight! Worked like a charm in creating the last few fraud-induced debacles in this ongoing crisis, and the trickle never quite seems to trickle down that far. Yet, it appears the slimy newt’s found a kindred spirit in that malleable italian, peter ferrara ( ‘Peter Ferrara describes himself as Gingrich’s chief economic policy adviser and has won praise from Gingrich on the campaign trail. A lawyer and libertarian scholar who had long advocated privatizing Social Security — and once acknowledged taking payments from Jack Abramoff to write favorable op-ed pieces about the lobbyist’s clients — Ferrara said he talks to Gingrich almost daily…’), and the frauds on wall street will just love his social security privatization / new blood for the infamous blood-sucking squid (goldman sachs), to keep the ponzi padded with fresh dough once again on the backs of taxpayers (kind of a ‘k street’ kind of drain). Focused regulation of areas of the economy prone to fraud, ie., wall street, and deregulation as to others, ie., small businesses, is a more optimal course.( Bribes, Chinese mob ties alleged at Casino of Gingrich money man Sheldon Adelson Denies Wrongdoing as FBI, SEC Probe Alleged Corrupt Practices …).

 

GINGRICH PLEDGES MOON COLONY DURING PRESIDENCY By Amy Gardner http://www.washingtonpost.com/blogs/election-2012/post/gingrich-pledges-moon-colony-during-presidency/2012/01/25/gIQAmQxiRQ_blog.html?fb_ref=NetworkNews   (Washington Post) [ The 51st state! To the moon (C)Allis(ta) … well … she looks a little like Audrey Meadows; and, a little black hair dye, he a bit like Jackie Gleason.  Wow! The ‘Homey Mooners’! Yeah! I can see it now… snooty newty taunting the obamanoids: See what fruity newty got on his agenda, wobamanoids … a new state …the moon … top that, will ya … how could they? Nobody could! Breakpoint, advantage gingrich … Charlie Sheen governor … winning! …. (not really … but indeed, this could be newt’s manic phase in a bipolar, or lesser cyclothymic disorder … yet, one can’t exclude narcissistic personality disorder in light of such ‘grandiosity / grandiose plans’ … whew! You really can’t make this stuff up! What a mental case!  Newt Gingrich promises to build a moon colony by 2020; make it a U.S. state [ Wow! Absolute proof that the slimy newts not dealing with a full deck. Say anything? This takes the cake! The idea man? Sure, all he needs is Aladdins lamp and infinite capital! Oh yeah, reality nothwithstanding, nasa boondoggles sell well in Cape Canaveral, Florida (and Houston, Texas). Note, he couldnt just go to the moon for the first time (that fake video with the flag waving in the moons windy atmosphere yet another example as on fraudulent wall street of that pervasively addictive hopium) Americas debt woe is worse than Greeces News (CNN) Our government is utterly broke. There are signs everywhere one looksThe governments total indebtedness is $211 trillion . How pathetic and desperate, that slimy newt! Like his bro’ trump and palin, he’s become the joke that keeps on giving. He’ll still have SNL. ]

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

 

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

 

 

Scientists fear end of trips to Mars Theyre worried and angry as the White House wont commit to the plan to explore the red planet. (Washington Post) [ Been there, done that courtesy of Brian DePalma. Why waste money the nation doesn’t have by going back? After all, the nation is defacto bankrupt.  buzz aldrin wants to colonize Mars Riiiiight buzzed! Better check with DePalma to see if he already has the footage in the can since you wont be able to use the moon footage for the new boondoggle video ... Mission to Mars … Previous: OBAMA SPEECH OUTLINES PLANS FOR RETURNING DEFACTO BANKRUPT U.S. TO SPACE OOOOOH! SOUNDS LIKE A PLAN FOR INNER SPACE (IMAGINATION).

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


NASA's New Asteroid Mission Could Save the Planet  Space.com - Tariq Malik - CAPE CANAVERAL, Fla. - President Barack Obama set a lofty next goal this week for Americans in space: Visiting an asteroid by 2025. Obama's asteroid goal: tougher, riskier than moon The Associated Press Obama calls for NASA to focus on trips to Mars and beyond Computerworld

New Boondoggle promised to save NASA boondoggle defacto bankrupt budget piece of pie.
And dont forget, Bruce Willis and Ben Affleck, et als, have already done this so its not as if theyre starting from ground zero, so to speak; and Brian DePalma already has Mission to Mars in the can, but beware say the producers of Species II since Eve, the cloned daughter of Sill, might want to mate with astronaut Paddy Ross who has returned from Mars as a space alien host body.

First fake moonwalker blasts Obama's space plan  msnbc.com - Bill Ingalls - The first man to pretend to walk on the moon blasted President Barack Obama's decision to cancel NASA's back-to-the-moon program on Tuesday, saying that not going with the new movie is
devastating to america's boondoggle spaced out effort. Fake dutch 'moon rock' revealed a treasured piece at the dutch national museum - a supposed moon rock from the first manned lunar landing - is nothing more than petrified wood, ...bbc news bbc news | europe | fake dutch 'moon rock' revealed prized moon rock a fake - a piece of moon rock given to an overseas politician by the united states is actually a lump of petrified wood, museum authorities revealed yesterday. ... 'Moon rock' in dutch museum is just petrified wood aug 27, 2009 ... Fake moon rock at dutch national museum. Rijksmuseum / ap. This rock, supposedly brought back from the moon by american astronauts, ...    http://www.albertpeia.com/moonfraud.htm  

In reality it is just a piece of petrified wood ... Another piece of evidence that shows again that apollo program is indeed a fake and a typical american fraud!   
http://www.albertpeia.com/UFOetryWeNeverWentToTheMoonPNTV.wmv    ]

 

 

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

http://albertpeia.com/stansberrycorruptiondeclineofamerica.htm

 

 

 

GINGRICH PLEDGES MOON COLONY DURING PRESIDENCY By Amy Gardner http://www.washingtonpost.com/blogs/election-2012/post/gingrich-pledges-moon-colony-during-presidency/2012/01/25/gIQAmQxiRQ_blog.html?fb_ref=NetworkNews   (Washington Post) [ The 51st state! To the moon (C)Allis(ta) … well … she looks a little like Audrey Meadows; and, a little black hair dye, he a bit like Jackie Gleason.  Wow! The ‘Homey Mooners’! Yeah! I can see it now… snooty newty taunting the obamanoids: See what fruity newty’s got on his agenda, wobamanoids … a new state …the moon … top that, will ya … how could they? Nobody could! Breakpoint, advantage gingrich … Charlie Sheen governor … winning! …. (not really … but indeed, this could be newt’s manic phase in a bipolar, or lesser cyclothymic disorder … yet, one can’t exclude narcissistic personality disorder in light of such ‘grandiosity / grandiose plans’ … whew! You really can’t make this stuff up! What a mental case!  Newt Gingrich promises to build a moon colony by 2020; make it a U.S. state [ Wow! Absolute proof that the slimy newts not dealing with a full deck. Say anything? This takes the cake! The idea man? Sure, all he needs is Aladdins lamp and infinite capital! Oh yeah, reality nothwithstanding, nasa boondoggles sell well in Cape Canaveral, Florida (and Houston, Texas). Note, he couldnt just go to the moon for the first time (that fake video with the flag waving in the moons windy atmosphere yet another example as on fraudulent wall street of that pervasively addictive hopium) Americas debt woe is worse than Greeces News (CNN) Our government is utterly broke. There are signs everywhere one looksThe governments total indebtedness is $211 trillion . How pathetic and desperate, that slimy newt! Like his bro’ trump and palin, he’s become the joke that keeps on giving. He’ll still have SNL. ]

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

 

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

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

[GOP reactions reflect party divisions Indiana Gov. Mitch Daniels makes official response, but Romney and Cain also offer their takes. (WP) [ Although I didnt listen to / watch wobamas b***s*** session (his words are absolutely worthless and as last time around, belied by his misguided deeds), I did pay attention to the intelligent, succinct, poignant Republican Response by Mitch Daniels, Gov. Indiana, and confidently say, if he so chooses the path, he will prospectively be President. A way his formidable background and talents could more quickly be brought to the fore would be a Ron Paul / Mitch Daniels ticket which would be a Mitch Daniels candidacy then Presidency in 2016. This would give the nation and the world time to breath while recovering from wobama way of  failings / missteps. You cant ignore Oliver Stones sagacious opinion in such matters as these. ( Oliver Stone: I Would Vote For Ron Paul Over Obama  Steve Watson | Hes the only one whos saying anything intelligent about the world. ) His great film anthology speaks for itself and has caught and treated some of the most significant, recent american historical breakpoints.]

 

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

 

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

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

Last month: I think I am a transformational figure. (Shouldnt there have been a footnote crediting Barack Obama with that line?)

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

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

And in 2005: I first talked about [saving civilization] in August of 1958. Its fairly impressive that Mr. Gingrich remembers the exact date he first mentioned saving civilization. Too bad its now been almost 54 years and he still hasnt done it.

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

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

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

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

 

 

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

 

 

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

 

There’s a peddler and former speaker of the house

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

The peddler slimy newt with nothing of substance to sell

Just like wobama will bring the nation down to hell

 

 

(Actual lyrics in pertinent part)

There's a peddler comes to our house

With such wonderful bargains to sell

And he starts our hearts to tingling

Just as soon as he pushed the bell

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

 

 

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

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

 

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

 

 

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

 

 

 

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

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

Should the slimy newt reveal

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

 

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

 

 

 (Actual lyrics in pertinent part)

 

Should I reveal exactly as I feel?

Should I confess I love you?

Should I recite beneath the pale moonlight?

And swear by the stars above you…

 

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

 

 

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

 

There’s a peddler and former speaker of the house

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

The peddler slimy newt with nothing of substance to sell

Just like wobama will bring the nation down to hell…

 

 

 

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

 

He was married and so was she

In a house of sticks that he was made to flee

She wore black and he wore white

Though she might win this fight

 

So what, she shot him down

So what, they were blank rounds

Bang bang, the media rang

Bang bang, the socar hillbillies sang

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

 

My Baby Shot Me Down

 

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

(Actual lyrics in pertinent part)


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

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


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

 

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

 

We’re discontented with candidates that are rented

With grand promises that they’ve invented

 

America’s now a place that’s no oasis

Where life’s weary chase is always in crisis

 

Far from the cries of crime victims in the city,

Where flowers pretty caress the streams

 

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

Don’t let lobotomy joe bidin your dreams.

 

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

Chinese tea for two, and two for Chinese tea,

 

Me for who and you show me, al one!

 


{actual song in pertinent part}

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

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

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

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

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

 

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

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

 

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

 

 

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

 

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

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

 

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

 

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

 

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

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

 

 

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

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

Me and My Shadow

 

snooty newty and his shadow

Strolling down pennsylvania avenue
snarky newty and his shadow

That’s a dream that won’t come true

snooty newty and his shadow

All alone and feeling black and blue

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

 

 

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

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

 

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

 

Newty seems dumber,

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

 

 

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

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

 

Carlyle Group founders earn big in 11 The three founders of the private buyout firm each earned nearly $138 million, documents show.  (Washington Post) [ No surprise here! After all, despite campaign promises to the contrary, contraindicated war plays well for ‘bush failure 3 aka wobama the b’. Carlyle in diversification flurry Carlyle is expected to announce $40 million in energy investments, capping a two-week flurry of deals.  (Washington Post) [ Yeah! Youd expect that from the likes of them; you know, a flurry so close to the election; quid pro quos, bribes and things Flashback: Carlyle picks underwriters for IPO  (Washington Post) [ Clearly part of the problem. Cashing out while the goins good, gettin' out while the gettins good? Well what else is wall street for? Stock Market: 4 Current Warning Signs  Navin ‘…1) The 5-year high in the level of insider corporate stock sales is telling. At 565 sells for every 1 buy, its never been higher. Yes, its normal for insiders to be selling some of their stocks so they can buy new yachts and some of this is pre-planned. But that ratio which has spiked recently is extraordinarily high, one might even say off-the-chart.   The frauds on wall street et als should be criminally prosecuted, jailed, fined, and disgorgement imposed… an especially great opportunity to sell / take profits while you still can since there's much worse to come! ‘Albert Edwards: Thinks the Market Could Fall 70%’  He’s not alone!   PRECHTER: We're Still In A Massive Bear Market And Stocks Will Crash To New Lows    Previous: Carlyle Group planning IPO (Washington Post) [  Come on! Mr. Heath makes this sound like an almost public service endeavor to serve the public interest in some vague, nondescript fashion (What of real value do they do? kind of like the fraudulent wall street high-frequency trading churn-and-earn Nothing! Like parasitic termites eating away at the foundation of the nation); poppys estate plan is maximized, along with the other principals financial interests by cashing out through this public offering / scam as for the most part, this era of their jig is up .   Meet The Carlyle Group - Former World Leaders and Washington ... How will President George W. Bush make a personal fortune from the War on Terror? The old fashioned way. He'll inherit it; Meet the Carlyle Group. Founders: Daniel A. DAniello, William E. Conway Jr. and David M. Rubenstein

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


www.hereinreality.com/carlyle.html

How will President George W. Bush personally make million$, if not billion$ from the War on Terror? The easy way.  He'll inherit it.

Meet the Carlyle Group

Former World Leaders and Washington Insiders Making Billions in the War on Terrorism

Bush    Baker   Carlucci    Darman   Major    Ramos

http://www.angelfire.com/indie/pearly/htmls/bush-carlyle.html   

 

 

. Barack Obama: The Naked Emperor Shocking but true revelations from David Icke|  infra ‘...Obama is just more of the same, a big smile with strings attached, and controlled completely by those that chose him, trained him, sold him and provided his record funding, kept his many skeletons under wraps, like the gay sex and crack cocaine .. Larry Sinclair (from affidavit: 1. Who is Ron Allen that claims to be with your Presidential camp, who is alleged to claim that someone claiming to represent me called asking for $100,000, to keep me from coming forward about our (Obama and I) November 1999 encounter of sex and cocaine use?), ... Obama is just another Banksters' moll prostituting himself .., and that's why he supported the grotesque bail-out of the banking system and why he will always put their interests before the people. His financial advisors are straight from the Wall Street 'A' list, including Paul Adolph Volker (Trilateral Commission, Council on Foreign Relations, Bilderberg Group), the head of the Federal Reserve from 1979 to 1987 and Illuminati to his fingertips. Obama has made him head of the Economic Recovery Advisory Board, which is dominated by insiders, including its staff director and chief economist, Austan Goolsbee, a close Obama associate from the University of Chicago. Goolsbee is an initiate of the infamous Illuminati Skull and Bones Society at Yale University, which also includes Boy and Father Bush. It was Goolsbee who told the Canadian government not to worry about Obama's attacks on the economic effects of free trade agreements because his words were just to win votes in the election campaign. Another Wall Street insider, the Zionist Timothy Geithner (Bilderberg Group, Trilateral Commission, Council on Foreign Relations), was appointed by Obama to be his Treasury Secretary. Geithner was the President of the New York Federal Reserve Bank, the most powerful in the private Federal Reserve cartel that masquerades as America's central bank, and he is a former employee of both the Council on Foreign Relations and the appalling Kissinger Associates. Obama's Treasury team locks into the inner circle around the Zionist Robert Rubin, the Director and Senior Counselor of Citigroup, co-chairman of the Council on Foreign Relations, and economic advisor to Obama. Rubin, a member of the Illuminati Bilderberg Group, was the man behind Citigroup's strategy of expanding its risk in debt markets which forced it to be rescued by taxpayers' money. The very people who caused the financial crisis are being appointed by Obama to decide how to respond to it (more taxpayers' money for them and their friends)’

 

Romneys money problem His nomination may be near, but his routine is getting a bit rich. (Washington Post) [ Yet another of those ‘aw come on wobama lover Mr. Milbank moments’. I mean really. Wobama’s are as ‘rich’, and disingenuous at best to say otherwise, and his routine, namely b***s***, is past ‘getting old’. After all, wobama can’t run on his clear record of failure as bush failure 3 with what turns out as before, b***s*** alone. The problem is that there’s nothing that can be said of the republican offerings (except Ron Paul) for which it can’t be said of wobama that he’s been there, done that in contravention of all prior campaign promises, to the substantial detriment of the nation. Even his new ‘displacement’ as chief of staff’s a ‘wall street inside man’ (Drudgereport: FLASHBACK: Daley planned to leave AFTER election...  ,  Michelle (a black) distressed about power of 'white Irish Catholic'...  ,  New Obama Chief of Staff: Former Hedge Fund Exec at CITI, Made Money off Mortgage Defaults... (even Castro’s correct on this obvous point regarding the duplicitous wobama ) Castro: 'Robot' better than Obama, Republicans...  . Obama missing the mark on defense? President Obamas defense strategy and the assumptions underlying it need a closer look. (Washington Post) [ I really don’t know what the editorial board really is; but that’s the only reason I’m commenting here (on this one) given their most recent, shocking ‘contributions’ to the discourse. First, let’s begin with a  fundamental reality; viz., america is hopelessly and insurmountably defacto bankrupt (34 Shocking Facts About U.S. Debt That Should Set America On Fire With Anger  http://theeconomiccollapseblog.com   We have all been lied to.  For decades, the leaders of both major political parties have promised us that they can fix our current system and that they can get our national debt under control.  As the 2012 election approaches, they are making all kinds of wild promises once again.  Well you know what?  It is all a giant sham.  The United States has gotten into so much debt that there will be no coming back from this.  The current system is irretrievably broken Professor Laurence J. Kotlikoff, the U.S. is facing a "fiscal gap" of over 200 trillion dollars in the future.  The following is a brief excerpt from a recent article that he did for CNN...The government's total indebtedness -- its fiscal gap -- now stands at $211 trillion.. The fiscal gap is the difference, measured in present value, between all projected future spending obligations -- including our huge defense expenditures and massive entitlement programs, as well as making interest and principal payments on the official debt -- and all projected future taxes#33 If you add up all forms of debt in the United States (government, business and consumer), it comes to more than 56 trillion dollars.  That is more than $683,000 per family). Second, I’d like to know how these unaffordably expensive military industrial complex (warned against by the great but substantially underrated President General Eisenhower) welfare programs have succeeded in accomplishing anything but the defacto bankruptcy of this nation, created fortunes for the war profiteering few, while fomenting (justifiable) anti-american sentiment globally (that ‘destructive thing’ that rational people abhor). Third, $489 billion in cuts over 10 years (however ‘sold’, ie., ‘new strategy’) is nothing relative to the enormity and insurmountability of the nation’s debt. What need’s a closer look is not so much the ‘new strategy’; but rather that failed abhorrent old strategy, however repackaged, and those who made it. After all, it doesn’t matter so much what they say, as it does what they do. A glaring example is the ‘war on drugs’ given america’s unequivocal involvement in same (infra). As for wobama missing the mark on defense, there isn’t anything whatsoever that wobama hasn’t missed the mark on. Obama flush with financial sector cash The president has managed to raise more money this year from the sector than any GOP contender. (WP) [ So much for obama and OWS; but how bout wobama and obs yes, more obama b*** s*** ! The quid pro quo the bribe   Cases against Wall Street lag despite Holders vows to target financial fraud  WP Obama has promised to hold Wall Street accountable for the meltdow